Bank OZK (NASDAQ:OZK) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC lessened its holdings in shares of Bank OZK (NASDAQ:OZK - Free Report) by 63.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 146,661 shares of the company's stock after selling 256,662 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.13% of Bank OZK worth $6,531,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in OZK. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Bank OZK during the fourth quarter worth about $27,000. Kestra Investment Management LLC purchased a new position in shares of Bank OZK during the 4th quarter worth about $27,000. Smartleaf Asset Management LLC boosted its position in shares of Bank OZK by 176.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 761 shares of the company's stock worth $34,000 after acquiring an additional 486 shares during the last quarter. Assetmark Inc. grew its holdings in Bank OZK by 73.8% in the third quarter. Assetmark Inc. now owns 968 shares of the company's stock valued at $42,000 after purchasing an additional 411 shares during the period. Finally, V Square Quantitative Management LLC increased its position in Bank OZK by 81.3% during the fourth quarter. V Square Quantitative Management LLC now owns 948 shares of the company's stock worth $42,000 after purchasing an additional 425 shares during the last quarter. Institutional investors and hedge funds own 86.18% of the company's stock.

Analyst Ratings Changes

OZK has been the topic of several research reports. UBS Group started coverage on Bank OZK in a research report on Tuesday, December 17th. They issued a "neutral" rating and a $51.00 target price on the stock. Morgan Stanley cut their price objective on Bank OZK from $58.00 to $54.00 and set an "equal weight" rating on the stock in a report on Thursday. Stephens boosted their target price on Bank OZK from $53.00 to $57.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. Finally, Wells Fargo & Company upgraded shares of Bank OZK from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $40.00 to $48.00 in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $50.38.

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Bank OZK Stock Up 0.2 %

Shares of NASDAQ OZK traded up $0.07 during trading on Monday, reaching $44.26. 1,394,475 shares of the stock were exchanged, compared to its average volume of 1,227,281. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 7.21 and a beta of 1.23. The business's 50-day moving average price is $48.11 and its 200 day moving average price is $45.92. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16. Bank OZK has a twelve month low of $37.43 and a twelve month high of $53.64.

Bank OZK (NASDAQ:OZK - Get Free Report) last released its quarterly earnings results on Thursday, January 16th. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.12. The firm had revenue of $412.34 million for the quarter, compared to the consensus estimate of $407.19 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.50 EPS. As a group, equities analysts forecast that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 14th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date was Tuesday, January 14th. This is a positive change from Bank OZK's previous quarterly dividend of $0.41. Bank OZK's dividend payout ratio (DPR) is 27.36%.

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.