Hennion & Walsh Asset Management Inc. Decreases Stake in Bank OZK (NASDAQ:OZK)

Hennion & Walsh Asset Management Inc. lowered its position in shares of Bank OZK (NASDAQ:OZK) by 17.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,054 shares of the company’s stock after selling 2,284 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Bank OZK were worth $492,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Park Avenue Securities LLC purchased a new position in Bank OZK in the 4th quarter worth approximately $227,000. Pallas Capital Advisors LLC boosted its holdings in Bank OZK by 3.7% in the 4th quarter. Pallas Capital Advisors LLC now owns 10,555 shares of the company’s stock worth $470,000 after acquiring an additional 373 shares during the period. Wedmont Private Capital purchased a new position in Bank OZK in the 4th quarter worth approximately $203,000. Capital Investment Advisors LLC boosted its holdings in Bank OZK by 49.4% in the 4th quarter. Capital Investment Advisors LLC now owns 16,035 shares of the company’s stock worth $714,000 after acquiring an additional 5,302 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Bank OZK by 1.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 56,592 shares of the company’s stock worth $2,433,000 after acquiring an additional 681 shares during the period. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Bank OZK Stock Up 9.7 %

Shares of Bank OZK stock opened at $49.74 on Tuesday. The stock has a 50-day moving average price of $46.44 and a 200 day moving average price of $44.31. The company has a market cap of $5.64 billion, a P/E ratio of 8.18 and a beta of 1.20. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. Bank OZK has a 1 year low of $37.43 and a 1 year high of $51.50.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings data on Thursday, January 16th. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.12. The firm had revenue of $412.34 million during the quarter, compared to the consensus estimate of $407.19 million. Bank OZK had a return on equity of 14.15% and a net margin of 26.07%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.50 EPS. As a group, analysts expect that Bank OZK will post 6.03 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 14th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Tuesday, January 14th. This is an increase from Bank OZK’s previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.38%. Bank OZK’s dividend payout ratio (DPR) is 26.97%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on OZK. Truist Financial decreased their price target on Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a report on Monday, October 21st. Piper Sandler increased their target price on Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Wells Fargo & Company increased their target price on Bank OZK from $35.00 to $40.00 and gave the company an “underweight” rating in a research note on Tuesday, December 3rd. Stephens reiterated an “equal weight” rating and set a $53.00 target price on shares of Bank OZK in a research note on Friday. Finally, UBS Group initiated coverage on Bank OZK in a research note on Tuesday, December 17th. They set a “neutral” rating and a $51.00 target price for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $48.50.

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.