QV Investors Inc. Sells 35,050 Shares of Bank OZK (NASDAQ:OZK)

QV Investors Inc. trimmed its holdings in shares of Bank OZK (NASDAQ:OZK - Free Report) by 17.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 171,050 shares of the company's stock after selling 35,050 shares during the quarter. QV Investors Inc. owned approximately 0.15% of Bank OZK worth $7,353,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. PSI Advisors LLC lifted its position in shares of Bank OZK by 20,933.3% during the 2nd quarter. PSI Advisors LLC now owns 631 shares of the company's stock valued at $26,000 after buying an additional 628 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of Bank OZK in the first quarter worth $29,000. Versant Capital Management Inc raised its position in shares of Bank OZK by 423.0% during the 2nd quarter. Versant Capital Management Inc now owns 978 shares of the company's stock valued at $40,000 after purchasing an additional 791 shares during the period. American National Bank & Trust purchased a new position in shares of Bank OZK during the 3rd quarter valued at $44,000. Finally, Innealta Capital LLC bought a new position in Bank OZK in the 2nd quarter worth $46,000. 86.18% of the stock is currently owned by institutional investors.

Bank OZK Price Performance

Shares of Bank OZK stock traded up $0.97 during trading hours on Wednesday, reaching $45.66. The company's stock had a trading volume of 1,965,200 shares, compared to its average volume of 1,265,210. The firm has a 50 day moving average price of $41.91 and a 200-day moving average price of $42.98. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $5.18 billion, a P/E ratio of 7.68 and a beta of 1.17. Bank OZK has a one year low of $34.76 and a one year high of $52.36.

Bank OZK (NASDAQ:OZK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 17th. The company reported $1.52 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.52. The business had revenue of $416.78 million for the quarter, compared to the consensus estimate of $414.39 million. Bank OZK had a return on equity of 14.50% and a net margin of 27.04%. The company's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.47 earnings per share. On average, analysts predict that Bank OZK will post 6 EPS for the current year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 11th will be 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 is Friday, October 11th. This represents a $1.64 dividend on an annualized basis and a yield of 3.59%. Bank OZK's payout ratio is 27.47%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Raymond James cut Bank OZK from an "outperform" rating to a "market perform" rating in a report on Tuesday, September 17th. StockNews.com upgraded Bank OZK from a "sell" rating to a "hold" rating in a research note on Thursday, July 18th. Stephens reissued an "equal weight" rating and issued a $50.00 target price on shares of Bank OZK in a report on Thursday, July 18th. Morgan Stanley raised their target price on shares of Bank OZK from $48.00 to $51.00 and gave the company an "equal weight" rating in a research note on Monday, August 5th. Finally, Truist Financial reduced their price target on shares of Bank OZK from $49.00 to $48.00 and set a "hold" rating on the stock in a report on Friday, September 20th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $46.57.

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.