Bank OZK (NASDAQ:OZK) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its holdings in shares of Bank OZK (NASDAQ:OZK) by 92.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,545 shares of the company’s stock after selling 30,076 shares during the period. SG Americas Securities LLC’s holdings in Bank OZK were worth $127,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of OZK. Lazard Asset Management LLC acquired a new position in shares of Bank OZK in the 1st quarter valued at $25,000. Geneos Wealth Management Inc. lifted its stake in shares of Bank OZK by 94.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 776 shares of the company’s stock valued at $33,000 after purchasing an additional 376 shares during the period. Covestor Ltd lifted its stake in shares of Bank OZK by 56.6% in the 1st quarter. Covestor Ltd now owns 896 shares of the company’s stock valued at $38,000 after purchasing an additional 324 shares during the period. Quarry LP lifted its stake in shares of Bank OZK by 235.2% in the 1st quarter. Quarry LP now owns 1,106 shares of the company’s stock valued at $38,000 after purchasing an additional 776 shares during the period. Finally, Coppell Advisory Solutions Corp. acquired a new position in shares of Bank OZK in the 4th quarter valued at $42,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Raymond James upgraded shares of Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 target price for the company in a research note on Friday, January 5th. Wells Fargo & Company reduced their price objective on shares of Bank OZK from $41.00 to $39.00 and set an “underweight” rating for the company in a research report on Thursday, February 1st. Truist Financial reduced their price objective on shares of Bank OZK from $52.00 to $48.00 and set a “hold” rating for the company in a research report on Monday, April 1st. Citigroup reduced their price objective on shares of Bank OZK from $62.00 to $57.00 and set a “buy” rating for the company in a research report on Wednesday, March 13th. Finally, StockNews.com cut shares of Bank OZK from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Bank OZK currently has a consensus rating of “Hold” and a consensus price target of $48.14.

Bank OZK Price Performance

Bank OZK stock opened at $41.82 on Thursday. Bank OZK has a 52-week low of $30.72 and a 52-week high of $52.36. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of 7.12 and a beta of 1.27. The company has a fifty day simple moving average of $43.34 and a 200-day simple moving average of $43.15. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.27.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Friday, January 19th. The company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.04. The business had revenue of $407.58 million for the quarter, compared to analysts’ expectations of $396.54 million. Bank OZK had a net margin of 30.69% and a return on equity of 15.13%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.34 earnings per share. On average, equities analysts anticipate that Bank OZK will post 5.87 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Friday, April 12th will be issued a $0.39 dividend. This is a boost from Bank OZK’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $1.56 annualized dividend and a yield of 3.73%. Bank OZK’s dividend payout ratio (DPR) is 26.58%.

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.