Bank OZK (NASDAQ:OZK) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its position in Bank OZK (NASDAQ:OZK) by 2.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,132 shares of the company’s stock after selling 885 shares during the period. Yousif Capital Management LLC’s holdings in Bank OZK were worth $1,570,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC lifted its position in shares of Bank OZK by 4,828.6% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,035 shares of the company’s stock valued at $45,000 after acquiring an additional 1,014 shares during the last quarter. Pallas Capital Advisors LLC lifted its position in shares of Bank OZK by 60.5% during the 1st quarter. Pallas Capital Advisors LLC now owns 16,942 shares of the company’s stock valued at $736,000 after acquiring an additional 6,387 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Bank OZK by 2,014.3% during the 1st quarter. UMB Bank n.a. now owns 1,480 shares of the company’s stock valued at $64,000 after acquiring an additional 1,410 shares during the last quarter. Wedmont Private Capital lifted its position in shares of Bank OZK by 8.5% during the 1st quarter. Wedmont Private Capital now owns 5,269 shares of the company’s stock valued at $229,000 after acquiring an additional 414 shares during the last quarter. Finally, Vest Financial LLC lifted its position in shares of Bank OZK by 29.6% during the 1st quarter. Vest Financial LLC now owns 71,990 shares of the company’s stock valued at $3,128,000 after acquiring an additional 16,457 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Bank OZK Price Performance

OZK opened at $44.86 on Tuesday. The stock has a fifty day moving average of $43.67 and a 200-day moving average of $45.47. The firm has a market capitalization of $5.09 billion, a P/E ratio of 7.31 and a beta of 0.85. Bank OZK has a 12-month low of $35.71 and a 12-month high of $53.64. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings data on Wednesday, April 16th. The company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.05. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The business had revenue of $409.23 million during the quarter, compared to analyst estimates of $403.05 million. During the same period last year, the company earned $1.51 earnings per share. Equities analysts forecast that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 14th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 3.83%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, April 14th. Bank OZK’s dividend payout ratio (DPR) is currently 28.20%.

Analyst Ratings Changes

OZK has been the subject of a number of recent research reports. Morgan Stanley cut their price objective on Bank OZK from $58.00 to $54.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Wells Fargo & Company cut their price objective on Bank OZK from $48.00 to $40.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 9th. Stephens cut their price objective on Bank OZK from $59.00 to $54.00 and set an “equal weight” rating for the company in a research report on Monday, April 21st. Finally, Keefe, Bruyette & Woods reduced their target price on Bank OZK from $50.00 to $48.00 and set a “market perform” rating for the company in a report on Tuesday, April 22nd. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Bank OZK currently has an average rating of “Hold” and an average price target of $50.86.

Bank OZK Profile

Bank OZK provides various retail and commercial banking services for individuals and businesses in the United States. The company offers deposit services, including non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time and reciprocal deposits.