Mutual of America Capital Management LLC Lowers Position in Bank OZK (NASDAQ:OZK)

Mutual of America Capital Management LLC trimmed its stake in Bank OZK (NASDAQ:OZK) by 2.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 54,302 shares of the company’s stock after selling 1,430 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Bank OZK were worth $2,359,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of OZK. CX Institutional purchased a new stake in Bank OZK during the first quarter worth approximately $30,000. Bruce G. Allen Investments LLC lifted its position in shares of Bank OZK by 4,828.6% during the first quarter. Bruce G. Allen Investments LLC now owns 1,035 shares of the company’s stock worth $45,000 after purchasing an additional 1,014 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Bank OZK during the fourth quarter worth $54,000. UMB Bank n.a. lifted its position in shares of Bank OZK by 2,014.3% during the first quarter. UMB Bank n.a. now owns 1,480 shares of the company’s stock worth $64,000 after purchasing an additional 1,410 shares in the last quarter. Finally, Whipplewood Advisors LLC lifted its position in shares of Bank OZK by 1,052.0% during the first quarter. Whipplewood Advisors LLC now owns 1,993 shares of the company’s stock worth $87,000 after purchasing an additional 1,820 shares in the last quarter. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OZK has been the topic of several recent analyst reports. Stephens cut their price target on shares of Bank OZK from $59.00 to $54.00 and set an “equal weight” rating on the stock in a report on Monday, April 21st. Wells Fargo & Company upped their price target on shares of Bank OZK from $40.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. Keefe, Bruyette & Woods dropped their target price on shares of Bank OZK from $50.00 to $48.00 and set a “market perform” rating on the stock in a report on Tuesday, April 22nd. Finally, Raymond James Financial raised shares of Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 target price on the stock in a report on Tuesday, July 8th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $52.75.

Bank OZK Stock Performance

NASDAQ:OZK opened at $51.96 on Friday. Bank OZK has a twelve month low of $35.71 and a twelve month high of $53.64. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average of $47.18 and a 200-day moving average of $45.98. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of 8.44 and a beta of 0.85.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings results on Thursday, July 17th. The company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.07. Bank OZK had a net margin of 25.83% and a return on equity of 13.37%. The business had revenue of $428.04 million during the quarter, compared to analyst estimates of $423.41 million. During the same period in the prior year, the firm earned $1.52 earnings per share. Analysts forecast that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Friday, July 11th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend was Friday, July 11th. This is an increase from Bank OZK’s previous quarterly dividend of $0.43. Bank OZK’s payout ratio is currently 28.57%.

Bank OZK Company 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.