Amalgamated Bank Sells 15,939 Shares of Bank OZK (NASDAQ:OZK)

Amalgamated Bank lessened its holdings in shares of Bank OZK (NASDAQ:OZK - Free Report) by 24.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 50,380 shares of the company's stock after selling 15,939 shares during the quarter. Amalgamated Bank's holdings in Bank OZK were worth $2,166,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LRI Investments LLC acquired a new position in shares of Bank OZK during the 1st quarter valued at $29,000. PSI Advisors LLC boosted its holdings in shares of Bank OZK by 20,933.3% in the second quarter. PSI Advisors LLC now owns 631 shares of the company's stock worth $26,000 after buying an additional 628 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Bank OZK by 423.0% in the second quarter. Versant Capital Management Inc now owns 978 shares of the company's stock worth $40,000 after buying an additional 791 shares during the period. American National Bank & Trust acquired a new position in shares of Bank OZK in the third quarter worth about $44,000. Finally, Innealta Capital LLC acquired a new stake in shares of Bank OZK during the second quarter worth approximately $46,000. Hedge funds and other institutional investors own 86.18% of the company's stock.

Bank OZK Trading Down 0.3 %

Bank OZK stock traded down $0.13 during mid-day trading on Tuesday, hitting $48.44. The company's stock had a trading volume of 716,338 shares, compared to its average volume of 1,282,996. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. Bank OZK has a 1 year low of $36.99 and a 1 year high of $52.36. The stock's fifty day moving average is $43.00 and its two-hundred day moving average is $43.08. The firm has a market capitalization of $5.50 billion, a PE ratio of 7.99 and a beta of 1.16.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its earnings results on Thursday, October 17th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.53 by $0.02. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%. The firm had revenue of $423.00 million during the quarter, compared to analysts' expectations of $419.08 million. On average, analysts anticipate that Bank OZK will post 6.01 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 11th were given a dividend of $0.41 per share. This is a boost from Bank OZK's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.64 annualized dividend and a dividend yield of 3.39%. Bank OZK's payout ratio is currently 26.97%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on OZK shares. Piper Sandler upped their price target on Bank OZK from $58.00 to $63.00 and gave the company an "overweight" rating in a research note on Friday, October 18th. Truist Financial dropped their target price on Bank OZK from $48.00 to $46.00 and set a "hold" rating on the stock in a report on Monday, October 21st. StockNews.com upgraded shares of Bank OZK from a "sell" rating to a "hold" rating in a research note on Thursday, July 18th. Raymond James downgraded shares of Bank OZK from an "outperform" rating to a "market perform" rating in a research report on Tuesday, September 17th. Finally, Morgan Stanley boosted their price target on Bank OZK from $48.00 to $51.00 and gave the stock an "equal weight" rating in a research report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $48.50.

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.