Danske Bank A S Sells 20,951 Shares of Bank OZK $OZK

Danske Bank A S lowered its position in Bank OZK (NASDAQ:OZK) by 96.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 700 shares of the company’s stock after selling 20,951 shares during the period. Danske Bank A S’s holdings in Bank OZK were worth $32,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Level Four Advisory Services LLC grew its position in Bank OZK by 1.4% in the 3rd quarter. Level Four Advisory Services LLC now owns 16,816 shares of the company’s stock worth $857,000 after purchasing an additional 231 shares in the last quarter. Cardinal Capital Management lifted its position in shares of Bank OZK by 0.6% during the 4th quarter. Cardinal Capital Management now owns 48,979 shares of the company’s stock worth $2,254,000 after buying an additional 277 shares in the last quarter. Savant Capital LLC boosted its stake in shares of Bank OZK by 0.6% in the 3rd quarter. Savant Capital LLC now owns 51,800 shares of the company’s stock worth $2,641,000 after buying an additional 323 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Bank OZK by 6.0% in the 3rd quarter. Versant Capital Management Inc now owns 6,594 shares of the company’s stock worth $336,000 after buying an additional 374 shares during the last quarter. Finally, Bayforest Capital Ltd grew its holdings in shares of Bank OZK by 100.5% in the fourth quarter. Bayforest Capital Ltd now owns 766 shares of the company’s stock valued at $35,000 after acquiring an additional 384 shares in the last quarter. 86.18% of the stock is owned by institutional investors.

Bank OZK Trading Up 0.4%

Shares of OZK stock opened at $48.50 on Friday. The company has a 50 day moving average of $46.58 and a 200-day moving average of $46.81. The company has a quick ratio of 1.02, a current ratio of 1.00 and a debt-to-equity ratio of 0.14. Bank OZK has a 12-month low of $42.37 and a 12-month high of $53.66. The firm has a market cap of $5.43 billion, a P/E ratio of 7.90 and a beta of 0.91.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.02). Bank OZK had a net margin of 25.27% and a return on equity of 12.32%. The firm had revenue of $424.32 million during the quarter, compared to analysts’ expectations of $422.62 million. During the same quarter in the previous year, the company posted $1.47 EPS. Bank OZK’s revenue for the quarter was up 2.2% on a year-over-year basis. Sell-side analysts anticipate that Bank OZK will post 6.03 earnings per share for the current year.

Bank OZK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 20th. Shareholders of record on Monday, April 13th were paid a $0.47 dividend. The ex-dividend date was Monday, April 13th. This represents a $1.88 annualized dividend and a dividend yield of 3.9%. Bank OZK’s payout ratio is presently 30.62%.

Analyst Upgrades and Downgrades

OZK has been the subject of a number of research analyst reports. Wells Fargo & Company increased their price target on Bank OZK from $48.00 to $50.00 and gave the company an “equal weight” rating in a research report on Monday, March 30th. Morgan Stanley boosted their price objective on Bank OZK from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday, March 2nd. Stephens reduced their price objective on Bank OZK from $64.00 to $62.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. UBS Group started coverage on Bank OZK in a research report on Tuesday, April 7th. They set a “neutral” rating and a $48.00 target price for the company. Finally, TD Cowen cut their price target on shares of Bank OZK from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $56.89.

About Bank OZK

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank’s core operations focus on commercial real estate lending, including acquisition, development and construction financing.