Aaron Wealth Advisors LLC Sells 17,442 Shares of Bank OZK $OZK

Aaron Wealth Advisors LLC cut its stake in Bank OZK (NASDAQ:OZK) by 75.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,743 shares of the company’s stock after selling 17,442 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Bank OZK were worth $264,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Root Financial Partners LLC bought a new position in Bank OZK during the third quarter worth about $27,000. BOKF NA acquired a new stake in Bank OZK during the third quarter worth about $27,000. Highline Wealth Partners LLC acquired a new stake in shares of Bank OZK in the 3rd quarter valued at approximately $28,000. True Wealth Design LLC boosted its stake in shares of Bank OZK by 147.0% in the 3rd quarter. True Wealth Design LLC now owns 568 shares of the company’s stock valued at $29,000 after purchasing an additional 338 shares in the last quarter. Finally, AdvisorNet Financial Inc boosted its stake in shares of Bank OZK by 82.2% in the 3rd quarter. AdvisorNet Financial Inc now owns 665 shares of the company’s stock valued at $34,000 after purchasing an additional 300 shares in the last quarter. 86.18% of the stock is owned by institutional investors.

Bank OZK Trading Down 0.3%

Shares of OZK opened at $47.94 on Friday. The business’s 50-day moving average price is $47.03 and its 200-day moving average price is $47.12. Bank OZK has a twelve month low of $36.50 and a twelve month high of $53.66. The stock has a market cap of $5.36 billion, a PE ratio of 7.77 and a beta of 0.93. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.08.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings data on Tuesday, January 20th. The company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.03). The company had revenue of $436.29 million during the quarter, compared to the consensus estimate of $434.68 million. Bank OZK had a return on equity of 12.65% and a net margin of 25.50%.During the same quarter last year, the company posted $1.56 earnings per share. On average, equities analysts forecast that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 20th. Shareholders of record on Monday, April 13th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Monday, April 13th. Bank OZK’s dividend payout ratio (DPR) is presently 29.82%.

Wall Street Analyst Weigh In

OZK has been the topic of several recent research reports. Wall Street Zen upgraded shares of Bank OZK from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Bank OZK in a research note on Tuesday, January 27th. TD Cowen lowered their price objective on shares of Bank OZK from $56.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, January 22nd. Stephens reduced their price target on shares of Bank OZK from $64.00 to $62.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. Finally, Morgan Stanley lifted their price target on shares of Bank OZK from $57.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $56.89.

Bank OZK Profile

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank’s core operations focus on commercial real estate lending, including acquisition, development and construction financing.