Blue Trust Inc. Sells 1,938 Shares of Bank OZK (NASDAQ:OZK)

Blue Trust Inc. trimmed its holdings in shares of Bank OZK (NASDAQ:OZK) by 48.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,026 shares of the company’s stock after selling 1,938 shares during the period. Blue Trust Inc.’s holdings in Bank OZK were worth $90,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in OZK. V Square Quantitative Management LLC increased its holdings in Bank OZK by 81.3% in the 4th quarter. V Square Quantitative Management LLC now owns 948 shares of the company’s stock worth $42,000 after acquiring an additional 425 shares during the last quarter. Arcus Capital Partners LLC purchased a new stake in Bank OZK in the 4th quarter worth about $302,000. Van ECK Associates Corp increased its holdings in Bank OZK by 31.9% in the 4th quarter. Van ECK Associates Corp now owns 82,829 shares of the company’s stock worth $3,688,000 after acquiring an additional 20,049 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Bank OZK by 76.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 83,631 shares of the company’s stock worth $3,715,000 after acquiring an additional 36,266 shares during the last quarter. Finally, Summit Trail Advisors LLC purchased a new stake in Bank OZK in the 4th quarter worth about $214,000. 86.18% of the stock is currently owned by institutional investors.

Bank OZK Stock Down 3.9 %

Shares of NASDAQ OZK opened at $47.45 on Friday. Bank OZK has a 12 month low of $37.43 and a 12 month high of $53.64. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $5.38 billion, a price-to-earnings ratio of 7.73 and a beta of 1.20. The business has a 50-day moving average of $47.78 and a 200-day moving average of $45.46.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Thursday, January 16th. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.44 by $0.12. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The company had revenue of $412.34 million during the quarter, compared to analyst estimates of $407.19 million. During the same quarter in the previous year, the firm earned $1.50 earnings per share. Bank OZK’s revenue was up 1.2% on a year-over-year basis. Sell-side analysts expect that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 14th were issued a dividend of $0.42 per share. This is a positive change from Bank OZK’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $1.68 annualized dividend and a dividend yield of 3.54%. Bank OZK’s payout ratio is presently 27.36%.

Wall Street Analyst Weigh In

OZK has been the subject of several recent research reports. UBS Group initiated coverage on Bank OZK in a report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price objective for the company. Wells Fargo & Company raised Bank OZK from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $40.00 to $48.00 in a report on Tuesday, January 21st. Finally, Stephens lifted their target price on Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $50.00.

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.