Bank OZK (NASDAQ:OZK) Position Trimmed by US Bancorp DE

US Bancorp DE lowered its position in shares of Bank OZK (NASDAQ:OZK) by 7.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 5,246 shares of the company’s stock after selling 415 shares during the period. US Bancorp DE’s holdings in Bank OZK were worth $228,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. CX Institutional bought a new position in shares of Bank OZK during the first quarter worth about $30,000. Bruce G. Allen Investments LLC grew 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 acquiring an additional 1,014 shares during the last quarter. UMB Bank n.a. grew 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 acquiring an additional 1,410 shares during the last quarter. Whipplewood Advisors LLC grew 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 acquiring an additional 1,820 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in shares of Bank OZK by 176.8% during the first quarter. Versant Capital Management Inc now owns 2,242 shares of the company’s stock worth $97,000 after acquiring an additional 1,432 shares during the last quarter. Institutional investors own 86.18% of the company’s stock.

Bank OZK Stock Performance

OZK stock opened at $50.29 on Friday. The company has a market capitalization of $5.72 billion, a P/E ratio of 8.16 and a beta of 0.86. The company has a 50-day simple moving average of $48.88 and a 200 day simple moving average of $46.44. Bank OZK has a fifty-two week low of $35.71 and a fifty-two week high of $53.64. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.23.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings data on Thursday, July 17th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.07. The business had revenue of $428.04 million during the quarter, compared to the consensus estimate of $423.41 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.24%. During the same quarter in the prior year, the company posted $1.52 earnings per share. Sell-side analysts predict that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Friday, July 11th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, July 11th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.43. Bank OZK’s dividend payout ratio is currently 28.57%.

Analysts Set New Price Targets

Several research firms have recently commented on OZK. Wells Fargo & Company upped their price target on shares of Bank OZK from $48.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Monday, July 21st. Stephens lowered their price target on shares of 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. Raymond James Financial upgraded shares of Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 price target for the company in a research report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Bank OZK from $50.00 to $48.00 and set a “market perform” rating for the company in a report on Tuesday, April 22nd. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Bank OZK presently has an average rating of “Hold” and a consensus price target of $52.88.

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.