Bank OZK (NASDAQ:OZK) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its stake in Bank OZK (NASDAQ:OZK) by 3.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 60,402 shares of the company’s stock after selling 2,289 shares during the quarter. Mutual of America Capital Management LLC owned about 0.05% of Bank OZK worth $2,476,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in OZK. Norges Bank acquired a new stake in shares of Bank OZK in the fourth quarter valued at approximately $56,293,000. Victory Capital Management Inc. increased its holdings in shares of Bank OZK by 483.9% in the second quarter. Victory Capital Management Inc. now owns 980,358 shares of the company’s stock valued at $40,195,000 after purchasing an additional 812,464 shares during the last quarter. Vanguard Group Inc. increased its holdings 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 last quarter. Wellington Management Group LLP increased its holdings in shares of Bank OZK by 18.8% in the fourth quarter. Wellington Management Group LLP now owns 1,897,696 shares of the company’s stock valued at $94,562,000 after purchasing an additional 300,025 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings 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 purchasing an additional 295,298 shares during the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on OZK shares. Raymond James cut Bank OZK from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 17th. Wells Fargo & Company lowered their price objective on Bank OZK from $39.00 to $35.00 and set an “underweight” rating for the company in a research report on Thursday, June 6th. StockNews.com upgraded Bank OZK from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Truist Financial lowered their price objective on Bank OZK from $49.00 to $48.00 and set a “hold” rating for the company in a research report on Friday, September 20th. Finally, Citigroup lowered Bank OZK from a “buy” rating to a “sell” rating and lowered their price objective for the stock from $57.00 to $37.00 in a research report on Wednesday, May 29th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $46.57.

Bank OZK Trading Down 1.3 %

OZK opened at $41.73 on Wednesday. Bank OZK has a 52 week low of $34.76 and a 52 week high of $52.36. The business has a fifty day simple moving average of $42.76 and a 200-day simple moving average of $43.13. The firm has a market cap of $4.73 billion, a P/E ratio of 6.99 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 released its quarterly earnings results on Wednesday, July 17th. The company reported $1.52 EPS for the quarter, hitting 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 during the quarter, compared to analyst estimates of $414.39 million. During the same period last year, the business posted $1.47 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts expect that Bank OZK will post 6.01 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 12th were paid a $0.40 dividend. This is a boost from Bank OZK’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend was Friday, July 12th. Bank OZK’s dividend payout ratio (DPR) is presently 26.80%.

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.