Bank OZK $OZK Shares Sold by Fieldview Capital Management LLC

Fieldview Capital Management LLC decreased its stake in shares of Bank OZK (NASDAQ:OZK) by 17.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 72,727 shares of the company’s stock after selling 15,104 shares during the quarter. Fieldview Capital Management LLC owned about 0.06% of Bank OZK worth $3,708,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of OZK. Norges Bank acquired a new stake in Bank OZK during the second quarter worth about $68,960,000. Mackenzie Financial Corp lifted its stake in shares of Bank OZK by 767.1% in the 2nd quarter. Mackenzie Financial Corp now owns 566,662 shares of the company’s stock valued at $26,667,000 after purchasing an additional 501,308 shares during the last quarter. Senvest Management LLC grew its holdings in shares of Bank OZK by 24.4% during the 2nd quarter. Senvest Management LLC now owns 1,581,582 shares of the company’s stock worth $74,429,000 after purchasing an additional 310,707 shares during the period. Fairholme Capital Management LLC increased its position in shares of Bank OZK by 45.1% during the 2nd quarter. Fairholme Capital Management LLC now owns 916,752 shares of the company’s stock worth $43,142,000 after purchasing an additional 285,150 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Bank OZK by 57.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 694,956 shares of the company’s stock worth $32,705,000 after purchasing an additional 253,001 shares during the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

Bank OZK Stock Performance

NASDAQ OZK opened at $45.09 on Monday. The company has a market cap of $5.04 billion, a P/E ratio of 7.31 and a beta of 0.93. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.02 and a quick ratio of 1.03. The stock has a 50-day moving average of $48.04 and a two-hundred day moving average of $48.31. Bank OZK has a 1-year low of $35.71 and a 1-year high of $53.66.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Tuesday, January 20th. The company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.03). The business had revenue of $436.29 million for the quarter, compared to analysts’ expectations 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 earned $1.56 earnings per share. As a group, analysts anticipate that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Tuesday, January 13th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Tuesday, January 13th. This is an increase from Bank OZK’s previous quarterly dividend of $0.45. Bank OZK’s payout ratio is currently 29.82%.

Wall Street Analyst Weigh In

A number of research firms have commented on OZK. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bank OZK in a research report on Tuesday, January 27th. TD Cowen reduced their price target on shares of Bank OZK from $56.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, January 22nd. Stephens decreased their price objective on shares of Bank OZK from $64.00 to $62.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. UBS Group reaffirmed a “neutral” rating and set a $51.00 price objective on shares of Bank OZK in a research report on Tuesday, January 6th. Finally, Citigroup reiterated a “sell” rating on shares of Bank OZK in a report on Monday, January 5th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $57.22.

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.