EMC Capital Management Sells 10,678 Shares of Bank OZK (NASDAQ:OZK)

EMC Capital Management decreased its holdings in Bank OZK (NASDAQ:OZK - Free Report) by 58.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,536 shares of the company's stock after selling 10,678 shares during the quarter. EMC Capital Management's holdings in Bank OZK were worth $336,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. M&T Bank Corp lifted its position in Bank OZK by 1.9% during the 3rd quarter. M&T Bank Corp now owns 13,432 shares of the company's stock worth $578,000 after buying an additional 244 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Bank OZK by 2.1% during the 4th quarter. Pacer Advisors Inc. now owns 15,733 shares of the company's stock worth $701,000 after acquiring an additional 325 shares during the last quarter. Pallas Capital Advisors LLC boosted its position in shares of Bank OZK by 3.7% during the fourth quarter. Pallas Capital Advisors LLC now owns 10,555 shares of the company's stock worth $470,000 after purchasing an additional 373 shares in the last quarter. Raymond James Trust N.A. grew its holdings in shares of Bank OZK by 6.0% in the 3rd quarter. Raymond James Trust N.A. now owns 7,184 shares of the company's stock valued at $309,000 after buying an additional 407 shares during the period. Finally, Assetmark Inc. increased its position in shares of Bank OZK by 73.8% in the 3rd quarter. Assetmark Inc. now owns 968 shares of the company's stock valued at $42,000 after buying an additional 411 shares in the last quarter. 86.18% of the stock is owned by institutional investors.

Bank OZK Stock Performance

OZK traded down $1.09 on Monday, reaching $49.70. The company had a trading volume of 678,861 shares, compared to its average volume of 1,502,384. The company's fifty day moving average is $46.92 and its 200 day moving average is $44.80. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.03. The stock has a market cap of $5.64 billion, a P/E ratio of 8.12 and a beta of 1.20. Bank OZK has a fifty-two week low of $37.43 and a fifty-two week high of $51.61.

Bank OZK (NASDAQ:OZK - Get Free Report) last announced its earnings results on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, topping analysts' consensus estimates of $1.44 by $0.12. The company had revenue of $412.34 million for the quarter, compared to analyst estimates of $407.19 million. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.50 earnings per share. As a group, analysts predict that Bank OZK will post 5.97 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 14th were issued a dividend of $0.42 per share. The ex-dividend date was Tuesday, January 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.38%. This is an increase from Bank OZK's previous quarterly dividend of $0.41. Bank OZK's dividend payout ratio (DPR) is currently 27.36%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. UBS Group started coverage on shares of Bank OZK in a report on Tuesday, December 17th. They issued a "neutral" rating and a $51.00 price target for the company. Wells Fargo & Company raised Bank OZK from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $40.00 to $48.00 in a research report on Tuesday, January 21st. Piper Sandler lifted their price target on shares of Bank OZK from $58.00 to $63.00 and gave the company an "overweight" rating in a research note on Friday, October 18th. Stephens increased their price objective on shares of Bank OZK from $53.00 to $57.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 21st. Finally, Truist Financial lowered their target price on Bank OZK from $48.00 to $46.00 and set a "hold" rating on the stock in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $50.00.

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.