Blue Trust Inc. Has $140,000 Holdings in Bank OZK (NASDAQ:OZK)

Blue Trust Inc. lowered its stake in shares of Bank OZK (NASDAQ:OZK) by 18.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,250 shares of the company’s stock after selling 714 shares during the quarter. Blue Trust Inc.’s holdings in Bank OZK were worth $140,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Planning increased its holdings in shares of Bank OZK by 25.9% during the 2nd quarter. Creative Planning now owns 19,431 shares of the company’s stock worth $797,000 after purchasing an additional 3,999 shares during the period. Cetera Investment Advisers boosted its stake in shares of Bank OZK by 28.8% in the 2nd quarter. Cetera Investment Advisers now owns 30,302 shares of the company’s stock valued at $1,242,000 after purchasing an additional 6,774 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Bank OZK during the second quarter worth about $1,292,000. Diversified Trust Co acquired a new stake in Bank OZK during the 3rd quarter valued at $432,000. Finally, CWM LLC increased its stake in shares of Bank OZK by 125.3% in the third quarter. CWM LLC now owns 21,953 shares of the company’s stock valued at $944,000 after buying an additional 12,207 shares in the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on OZK shares. UBS Group assumed coverage on Bank OZK in a report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price target on the stock. Stephens upped their target price on shares of Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Piper Sandler lifted their target price on Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Wells Fargo & Company upgraded Bank OZK from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $40.00 to $48.00 in a report on Tuesday, January 21st. Finally, Truist Financial decreased their price objective on Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $50.00.

Bank OZK Stock Performance

Shares of NASDAQ OZK opened at $51.97 on Thursday. 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 stock has a 50 day moving average of $46.96 and a 200-day moving average of $44.92. Bank OZK has a 12 month low of $37.43 and a 12 month high of $52.03. The company has a market capitalization of $5.90 billion, a P/E ratio of 8.46 and a beta of 1.20.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings results on Thursday, January 16th. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.12. The business 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 13.90% and a net margin of 25.83%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.50 EPS. As a group, equities research analysts predict that Bank OZK will post 5.97 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 14th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date was Tuesday, January 14th. This is a boost from Bank OZK’s previous quarterly dividend of $0.41. Bank OZK’s payout ratio is currently 27.36%.

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.