Newport Trust Company LLC Has $47.04 Million Position in Bank OZK (NASDAQ:OZK)

Newport Trust Company LLC boosted its holdings in shares of Bank OZK (NASDAQ:OZK) by 2.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,147,350 shares of the company’s stock after buying an additional 22,819 shares during the period. Newport Trust Company LLC owned approximately 1.01% of Bank OZK worth $47,041,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. PSI Advisors LLC increased its position in shares of Bank OZK by 20,933.3% during the second quarter. PSI Advisors LLC now owns 631 shares of the company’s stock worth $26,000 after acquiring an additional 628 shares in the last quarter. LRI Investments LLC bought a new stake in Bank OZK during the 1st quarter worth approximately $29,000. Principal Securities Inc. bought a new stake in Bank OZK during the 4th quarter worth approximately $31,000. Versant Capital Management Inc raised its stake in shares of Bank OZK by 423.0% in the second quarter. Versant Capital Management Inc now owns 978 shares of the company’s stock worth $40,000 after purchasing an additional 791 shares during the last quarter. Finally, Innealta Capital LLC bought a new position in shares of Bank OZK in the second quarter valued at approximately $46,000. 86.18% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on OZK. Raymond James lowered Bank OZK from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Citigroup downgraded shares of Bank OZK from a “buy” rating to a “sell” rating and lowered their target price for the company from $57.00 to $37.00 in a report on Wednesday, May 29th. StockNews.com upgraded shares of Bank OZK from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Stephens reiterated an “equal weight” rating and issued a $50.00 price objective on shares of Bank OZK in a research note on Thursday, July 18th. Finally, Wells Fargo & Company dropped their target price on shares of Bank OZK from $39.00 to $35.00 and set an “underweight” rating on the stock in a research report on Thursday, June 6th. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, Bank OZK currently has an average rating of “Hold” and an average target price of $46.71.

Bank OZK Stock Up 3.2 %

OZK opened at $43.97 on Friday. Bank OZK has a twelve month low of $34.76 and a twelve month high of $52.36. The company’s 50-day moving average price is $42.90 and its two-hundred day moving average price is $43.17. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 7.37 and a beta of 1.17. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.17.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings data on Wednesday, July 17th. The company reported $1.52 EPS for the quarter, meeting the consensus estimate of $1.52. Bank OZK had a return on equity of 14.50% and a net margin of 27.04%. The business had revenue of $416.78 million for the quarter, compared to the consensus estimate of $414.39 million. During the same quarter in the prior year, the business earned $1.47 earnings per share. Bank OZK’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, equities analysts expect that Bank OZK will post 6.01 earnings per share for the current year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 12th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, July 12th. This represents a $1.60 annualized dividend and a yield of 3.64%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.39. Bank OZK’s dividend payout ratio (DPR) is 26.80%.

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.