Bank OZK (NASDAQ:OZK) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its stake in Bank OZK (NASDAQ:OZK - Free Report) by 61.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 8,219 shares of the company's stock after selling 13,072 shares during the period. SG Americas Securities LLC's holdings in Bank OZK were worth $353,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Bank OZK by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 12,028,779 shares of the company's stock valued at $599,394,000 after purchasing an additional 502,005 shares during the period. AQR Capital Management LLC boosted its position in Bank OZK by 291.5% in the 2nd quarter. AQR Capital Management LLC now owns 2,371,892 shares of the company's stock valued at $95,848,000 after buying an additional 1,765,974 shares during the period. Van Berkom & Associates Inc. grew its stake in shares of Bank OZK by 2.0% in the second quarter. Van Berkom & Associates Inc. now owns 2,024,130 shares of the company's stock worth $82,989,000 after acquiring an additional 40,356 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Bank OZK by 18.8% during the fourth quarter. Wellington Management Group LLP now owns 1,897,696 shares of the company's stock worth $94,562,000 after acquiring an additional 300,025 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Bank OZK by 21.9% in the second quarter. American Century Companies Inc. now owns 1,642,293 shares of the company's stock valued at $67,334,000 after acquiring an additional 295,298 shares in the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OZK has been the subject of several analyst reports. StockNews.com raised Bank OZK from a "sell" rating to a "hold" rating in a research note on Thursday, July 18th. Raymond James downgraded Bank OZK from an "outperform" rating to a "market perform" rating in a research report on Tuesday, September 17th. 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 report on Monday, August 5th. Truist Financial lowered their price target on shares of Bank OZK from $49.00 to $48.00 and set a "hold" rating for the company in a report on Friday, September 20th. Finally, Piper Sandler raised their price objective on shares of Bank OZK from $58.00 to $63.00 and gave the company an "overweight" rating in a report on Friday. Two 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's stock. According to MarketBeat.com, Bank OZK presently has a consensus rating of "Hold" and a consensus price target of $48.63.

Bank OZK Stock Down 4.5 %

Shares of NASDAQ OZK traded down $2.09 during mid-day trading on Friday, reaching $44.67. The company had a trading volume of 3,609,083 shares, compared to its average volume of 1,155,715. Bank OZK has a 52-week low of $34.76 and a 52-week high of $52.36. The stock has a market cap of $5.07 billion, a P/E ratio of 7.42 and a beta of 1.17. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17. The firm has a 50 day simple moving average of $42.19 and a two-hundred day simple moving average of $43.02.

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

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 11th were paid a $0.41 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.64 dividend on an annualized basis and a yield of 3.67%. This is a boost from Bank OZK's previous quarterly dividend of $0.40. Bank OZK's payout ratio is currently 27.24%.

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.