Ameritas Investment Partners Inc. Has $3.38 Million Stake in Bank OZK (NASDAQ:OZK)

Ameritas Investment Partners Inc. decreased its stake in shares of Bank OZK (NASDAQ:OZK) by 0.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 82,425 shares of the company’s stock after selling 757 shares during the quarter. Ameritas Investment Partners Inc. owned 0.07% of Bank OZK worth $3,379,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. PSI Advisors LLC lifted its position in Bank OZK by 20,933.3% in the second quarter. PSI Advisors LLC now owns 631 shares of the company’s stock worth $26,000 after purchasing an additional 628 shares during the period. LRI Investments LLC bought a new position in shares of Bank OZK during the 1st quarter worth about $29,000. Principal Securities Inc. bought a new position in shares of Bank OZK during the 4th quarter worth about $31,000. Versant Capital Management Inc boosted 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 acquiring an additional 791 shares in the last quarter. Finally, Innealta Capital LLC bought a new stake in Bank OZK in the second quarter valued at about $46,000. Institutional investors and hedge funds own 86.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on OZK. Wells Fargo & Company decreased their price objective on Bank OZK from $39.00 to $35.00 and set an “underweight” rating on the stock in a report on Thursday, June 6th. Raymond James lowered Bank OZK from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Citigroup lowered Bank OZK from a “buy” rating to a “sell” rating and dropped their price objective for the stock from $57.00 to $37.00 in a research note on Wednesday, May 29th. Morgan Stanley boosted 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, Stephens reaffirmed an “equal weight” rating and issued a $50.00 target price on shares of Bank OZK in a report on Thursday, July 18th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $46.57.

Bank OZK Stock Performance

Shares of NASDAQ:OZK opened at $42.76 on Friday. The business has a fifty day moving average of $42.90 and a 200-day moving average of $43.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.02. Bank OZK has a twelve month low of $34.76 and a twelve month high of $52.36. The firm has a market cap of $4.85 billion, a PE ratio of 7.16 and a beta of 1.17.

Bank OZK (NASDAQ:OZK) last announced its earnings results on Wednesday, July 17th. The company reported $1.52 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.52. Bank OZK had a net margin of 27.04% and a return on equity of 14.50%. The company had revenue of $416.78 million during the quarter, compared to the consensus estimate of $414.39 million. During the same period in the previous year, the firm posted $1.47 earnings per share. The company’s revenue was up 7.2% on a year-over-year basis. On average, equities research analysts predict that Bank OZK will post 6.01 EPS 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 3.74%. This is a positive change 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 (DPR) is presently 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.