Crossmark Global Holdings Inc. Has $278,000 Stake in Bank OZK (NASDAQ:OZK)

Crossmark Global Holdings Inc. reduced its stake in shares of Bank OZK (NASDAQ:OZK) by 73.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 6,464 shares of the company’s stock after selling 18,309 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Bank OZK were worth $278,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. AQR Capital Management LLC lifted its holdings in Bank OZK by 291.5% during the 2nd quarter. AQR Capital Management LLC now owns 2,371,892 shares of the company’s stock worth $95,848,000 after buying an additional 1,765,974 shares in the last quarter. Millennium Management LLC raised its position in shares of Bank OZK by 196.4% during the second quarter. Millennium Management LLC now owns 1,365,393 shares of the company’s stock worth $55,981,000 after acquiring an additional 904,782 shares during the last quarter. Victory Capital Management Inc. lifted its stake 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 valued at $40,195,000 after acquiring an additional 812,464 shares during the period. Berkley W R Corp bought a new position in Bank OZK in the second quarter valued at about $24,600,000. Finally, D. E. Shaw & Co. Inc. increased its position in Bank OZK by 115.0% in the second quarter. D. E. Shaw & Co. Inc. now owns 715,844 shares of the company’s stock worth $29,350,000 after purchasing an additional 382,896 shares during the period. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Trading Up 1.5 %

Shares of NASDAQ OZK opened at $48.49 on Monday. Bank OZK has a twelve month low of $37.43 and a twelve month high of $52.36. The stock has a market cap of $5.50 billion, a price-to-earnings ratio of 7.98 and a beta of 1.16. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.12. The company’s fifty day moving average is $43.65 and its 200-day moving average is $43.19.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Thursday, October 17th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.53 by $0.02. Bank OZK had a return on equity of 14.15% and a net margin of 26.07%. The business had revenue of $423.00 million for the quarter, compared to the consensus estimate of $419.08 million. Equities research analysts predict that Bank OZK will post 6.03 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 11th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.38%. This is a boost from Bank OZK’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, October 11th. Bank OZK’s dividend payout ratio is presently 26.97%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on OZK. Piper Sandler upped their target price on shares of Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Raymond James lowered shares of Bank OZK from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 17th. Stephens lifted their target price on shares of Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Truist Financial dropped their target price on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a research report on Monday, October 21st. Finally, Morgan Stanley raised their price target on Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $48.50.

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.