Bank OZK (NASDAQ:OZK) Holdings Trimmed by Naviter Wealth LLC

Naviter Wealth LLC reduced its stake in shares of Bank OZK (NASDAQ:OZK - Free Report) by 19.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,457 shares of the company's stock after selling 10,000 shares during the quarter. Naviter Wealth LLC's holdings in Bank OZK were worth $1,846,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. M&T Bank Corp boosted its position in shares of Bank OZK by 1.9% during the third quarter. M&T Bank Corp now owns 13,432 shares of the company's stock worth $578,000 after buying an additional 244 shares during the period. Principal Securities Inc. boosted its position in Bank OZK by 12.7% during the 4th quarter. Principal Securities Inc. now owns 2,509 shares of the company's stock worth $112,000 after acquiring an additional 283 shares during the period. Arizona State Retirement System boosted its position in Bank OZK by 1.0% during the 4th quarter. Arizona State Retirement System now owns 31,253 shares of the company's stock worth $1,392,000 after acquiring an additional 305 shares during the period. Pacer Advisors Inc. grew its stake in shares of Bank OZK by 2.1% in the fourth quarter. Pacer Advisors Inc. now owns 15,733 shares of the company's stock worth $701,000 after purchasing an additional 325 shares in the last quarter. Finally, Savant Capital LLC increased its holdings in shares of Bank OZK by 0.7% during the fourth quarter. Savant Capital LLC now owns 46,784 shares of the company's stock valued at $2,083,000 after purchasing an additional 327 shares during the period. 86.18% of the stock is owned by institutional investors and hedge funds.

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Bank OZK Price Performance

Bank OZK stock traded up $0.37 during mid-day trading on Wednesday, hitting $43.89. The company's stock had a trading volume of 1,042,478 shares, compared to its average volume of 1,238,124. The stock has a market capitalization of $4.98 billion, a P/E ratio of 7.15 and a beta of 1.23. Bank OZK has a twelve month low of $37.43 and a twelve month high of $53.64. The stock's fifty day moving average price is $48.14 and its two-hundred day moving average price is $45.91. 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 (NASDAQ:OZK - Get Free Report) last released its quarterly earnings data on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.12. The business had revenue of $412.34 million during 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 company's revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company posted $1.50 EPS. Research analysts forecast that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 14th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend was Tuesday, January 14th. This is an increase from Bank OZK's previous quarterly dividend of $0.41. Bank OZK's payout ratio is presently 27.36%.

Wall Street Analyst Weigh In

OZK has been the subject of several research analyst reports. Wells Fargo & Company raised shares of Bank OZK from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $40.00 to $48.00 in a report on Tuesday, January 21st. UBS Group began coverage on Bank OZK in a report on Tuesday, December 17th. They set a "neutral" rating and a $51.00 target price on the stock. Finally, Stephens increased their price target on Bank OZK from $53.00 to $57.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 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 company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $50.00.

About Bank OZK

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.