Bank OZK (NASDAQ:OZK) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its stake in Bank OZK (NASDAQ:OZK) by 8.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 66,319 shares of the company’s stock after selling 6,220 shares during the period. Amalgamated Bank owned about 0.06% of Bank OZK worth $2,719,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Bank OZK in the 4th quarter valued at $56,293,000. Victory Capital Management Inc. lifted its position in shares of Bank OZK by 483.9% during the second quarter. Victory Capital Management Inc. now owns 980,358 shares of the company’s stock worth $40,195,000 after purchasing an additional 812,464 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Bank OZK by 4.4% during the fourth quarter. Vanguard Group Inc. now owns 12,028,779 shares of the company’s stock worth $599,394,000 after purchasing an additional 502,005 shares in the last quarter. Wellington Management Group LLP boosted its stake 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 period. Finally, American Century Companies Inc. grew 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 in the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on OZK. Stephens reissued an “equal weight” rating and issued a $50.00 price target on shares of Bank OZK in a research report on Thursday, July 18th. Citigroup cut Bank OZK from a “buy” rating to a “sell” rating and lowered their target price for the stock from $57.00 to $37.00 in a research note on Wednesday, May 29th. StockNews.com raised Bank OZK from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. 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. Finally, Morgan Stanley raised their target price on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $46.57.

Bank OZK Stock Down 1.1 %

OZK stock opened at $42.28 on Tuesday. The stock has a market cap of $4.80 billion, a P/E ratio of 7.08 and a beta of 1.17. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17. Bank OZK has a twelve month low of $34.76 and a twelve month high of $52.36. The company’s 50 day moving average is $42.86 and its two-hundred day moving average is $43.14.

Bank OZK (NASDAQ:OZK) last announced 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 net margin of 27.04% and a return on equity of 14.50%. The firm had revenue of $416.78 million for the quarter, compared to analyst estimates of $414.39 million. During the same period last year, the business earned $1.47 EPS. Bank OZK’s revenue for the quarter was up 7.2% compared to the same quarter last year. Research analysts expect that Bank OZK will post 6.01 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 12th were given a $0.40 dividend. The ex-dividend date was Friday, July 12th. This is a boost from Bank OZK’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.78%. Bank OZK’s dividend payout ratio is 26.80%.

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.