Mutual of America Capital Management LLC Sells 1,299 Shares of Bank OZK (NASDAQ:OZK)

Mutual of America Capital Management LLC lessened its stake in Bank OZK (NASDAQ:OZK) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,732 shares of the company’s stock after selling 1,299 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Bank OZK were worth $2,482,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of OZK. State of Alaska Department of Revenue lifted its position in shares of Bank OZK by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 12,194 shares of the company’s stock valued at $524,000 after purchasing an additional 830 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Bank OZK by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 62,780 shares of the company’s stock worth $2,745,000 after buying an additional 17,939 shares in the last quarter. M&G PLC boosted its stake in shares of Bank OZK by 9.7% in the 3rd quarter. M&G PLC now owns 231,195 shares of the company’s stock worth $9,941,000 after buying an additional 20,394 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Bank OZK in the third quarter valued at approximately $61,000. Finally, CWA Asset Management Group LLC bought a new position in shares of Bank OZK in the third quarter valued at approximately $719,000. Institutional investors own 86.18% of the company’s stock.

Bank OZK Trading Up 1.6 %

Shares of OZK opened at $45.56 on Friday. Bank OZK has a twelve month low of $37.43 and a twelve month high of $53.64. The stock has a market cap of $5.17 billion, a PE ratio of 7.42 and a beta of 1.23. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16. The business’s 50-day moving average price is $48.16 and its 200-day moving average price is $45.83.

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

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.69%. This is a boost from Bank OZK’s previous quarterly dividend of $0.41. The ex-dividend date was Tuesday, January 14th. Bank OZK’s payout ratio is presently 27.36%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. UBS Group assumed coverage on Bank OZK in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price objective on the stock. Wells Fargo & Company upgraded shares of Bank OZK from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $40.00 to $48.00 in a research report on Tuesday, January 21st. Finally, Stephens lifted their price objective on shares of Bank OZK from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $50.00.

About Bank OZK

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.