Yousif Capital Management LLC Reduces Stock Position in Bank OZK (NASDAQ:OZK)

Yousif Capital Management LLC decreased its stake in shares of Bank OZK (NASDAQ:OZK) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,017 shares of the company’s stock after selling 1,683 shares during the quarter. Yousif Capital Management LLC’s holdings in Bank OZK were worth $1,648,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Barclays PLC raised its position in shares of Bank OZK by 30.7% during the 3rd quarter. Barclays PLC now owns 254,874 shares of the company’s stock valued at $10,958,000 after buying an additional 59,907 shares during the period. Geode Capital Management LLC increased its stake in Bank OZK by 6.7% during the third quarter. Geode Capital Management LLC now owns 2,022,979 shares of the company’s stock worth $86,989,000 after acquiring an additional 126,352 shares during the last quarter. Verition Fund Management LLC raised its position in Bank OZK by 68.6% in the third quarter. Verition Fund Management LLC now owns 34,869 shares of the company’s stock valued at $1,499,000 after purchasing an additional 14,189 shares during the period. Cerity Partners LLC raised its position in Bank OZK by 112.8% in the third quarter. Cerity Partners LLC now owns 51,717 shares of the company’s stock valued at $2,223,000 after purchasing an additional 27,409 shares during the period. Finally, Captrust Financial Advisors grew its holdings in shares of Bank OZK by 124.6% during the 3rd quarter. Captrust Financial Advisors now owns 1,698,856 shares of the company’s stock worth $73,034,000 after purchasing an additional 942,309 shares during the period. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Trading Up 3.5 %

Shares of Bank OZK stock opened at $53.10 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.03. The company has a market capitalization of $6.02 billion, a P/E ratio of 8.65 and a beta of 1.20. Bank OZK has a 1 year low of $37.43 and a 1 year high of $53.64. The company’s fifty day moving average is $47.11 and its two-hundred day moving average is $45.05.

Bank OZK (NASDAQ:OZK) last announced its earnings results on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $407.19 million. During the same period last year, the business posted $1.50 EPS. The company’s revenue was up 1.2% on a year-over-year basis. Analysts forecast that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 14th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.16%. This is an increase from Bank OZK’s previous quarterly dividend of $0.41. The ex-dividend date was Tuesday, January 14th. Bank OZK’s dividend payout ratio is 27.36%.

Analyst Ratings Changes

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