Quest Partners LLC Sells 44,903 Shares of Bank OZK (NASDAQ:OZK)

Quest Partners LLC lowered its position in shares of Bank OZK (NASDAQ:OZK) by 97.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,376 shares of the company’s stock after selling 44,903 shares during the quarter. Quest Partners LLC’s holdings in Bank OZK were worth $56,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of OZK. Goldman Sachs Group Inc. grew its position in shares of Bank OZK by 136.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 359,814 shares of the company’s stock worth $17,930,000 after buying an additional 207,341 shares during the period. Pinebridge Investments L.P. grew its holdings in Bank OZK by 77.3% in the fourth quarter. Pinebridge Investments L.P. now owns 188,600 shares of the company’s stock worth $9,397,000 after purchasing an additional 82,233 shares during the period. M&G Plc bought a new stake in Bank OZK in the first quarter valued at $8,437,000. State Board of Administration of Florida Retirement System raised its holdings in shares of Bank OZK by 27.1% during the first quarter. State Board of Administration of Florida Retirement System now owns 140,492 shares of the company’s stock valued at $6,387,000 after purchasing an additional 29,993 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Bank OZK during the 2nd quarter worth about $873,000. Institutional investors own 86.18% of the company’s stock.

Bank OZK Trading Up 1.2 %

Shares of Bank OZK stock opened at $42.61 on Thursday. The company has a market capitalization of $4.83 billion, a P/E ratio of 7.14 and a beta of 1.17. The stock has a fifty day simple moving average of $42.90 and a 200 day simple moving average of $43.16. Bank OZK has a 12-month low of $34.76 and a 12-month high of $52.36. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17.

Bank OZK (NASDAQ:OZK) last posted its earnings results on Wednesday, July 17th. The company reported $1.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.52. The firm had revenue of $416.78 million during the quarter, compared to analyst estimates of $414.39 million. Bank OZK had a net margin of 27.04% and a return on equity of 14.50%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.47 EPS. On average, sell-side analysts anticipate that Bank OZK will post 6.01 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 12th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.75%. This is an increase from Bank OZK’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, July 12th. Bank OZK’s dividend payout ratio is presently 26.80%.

Analysts Set New Price Targets

A number of brokerages recently commented on OZK. StockNews.com raised Bank OZK from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Raymond James cut Bank OZK from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Morgan Stanley upped their target price on Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Citigroup downgraded shares of Bank OZK from a “buy” rating to a “sell” rating and reduced their price target for the company from $57.00 to $37.00 in a research report on Wednesday, May 29th. Finally, Truist Financial boosted their price target on shares of Bank OZK from $41.00 to $49.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $46.71.

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.