Stephens Inc. AR Trims Stake in Bank OZK $OZK

Stephens Inc. AR lowered its holdings in shares of Bank OZK (NASDAQ:OZK) by 42.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,567 shares of the company’s stock after selling 29,097 shares during the period. Stephens Inc. AR’s holdings in Bank OZK were worth $1,862,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of OZK. Summit Securities Group LLC bought a new stake in Bank OZK during the first quarter worth about $32,000. Brooklyn Investment Group boosted its stake in Bank OZK by 1,114.3% during the first quarter. Brooklyn Investment Group now owns 1,105 shares of the company’s stock worth $48,000 after acquiring an additional 1,014 shares in the last quarter. Parallel Advisors LLC boosted its stake in Bank OZK by 70.8% during the second quarter. Parallel Advisors LLC now owns 1,124 shares of the company’s stock worth $53,000 after acquiring an additional 466 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Bank OZK by 1,137.9% during the second quarter. Farther Finance Advisors LLC now owns 1,535 shares of the company’s stock worth $72,000 after acquiring an additional 1,411 shares in the last quarter. Finally, Quarry LP bought a new stake in Bank OZK during the first quarter worth about $79,000. Institutional investors own 86.18% of the company’s stock.

Bank OZK Trading Down 0.9%

NASDAQ:OZK opened at $45.07 on Friday. The company’s 50 day moving average price is $50.88 and its 200-day moving average price is $47.78. Bank OZK has a 52 week low of $35.71 and a 52 week high of $53.66. The company has a quick ratio of 1.04, a current ratio of 1.03 and a debt-to-equity ratio of 0.13. The stock has a market cap of $5.13 billion, a price-to-earnings ratio of 7.27 and a beta of 0.88.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings results on Thursday, October 16th. The company reported $1.59 EPS for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.07). Bank OZK had a net margin of 25.81% and a return on equity of 13.00%. The firm had revenue of $449.94 million for the quarter, compared to analysts’ expectations of $447.93 million. During the same quarter in the previous year, the company earned $1.55 EPS. On average, equities research analysts forecast that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, October 14th were issued a $0.45 dividend. This is an increase from Bank OZK’s previous quarterly dividend of $0.44. This represents a $1.80 annualized dividend and a yield of 4.0%. The ex-dividend date was Tuesday, October 14th. Bank OZK’s dividend payout ratio is 29.03%.

Analysts Set New Price Targets

Several research firms recently commented on OZK. Raymond James Financial raised shares of Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 price objective on the stock in a research note on Tuesday, July 8th. Wells Fargo & Company boosted their price objective on shares of Bank OZK from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Monday, September 29th. National Bankshares set a $67.00 price objective on shares of Bank OZK in a research note on Wednesday, September 24th. Cowen reiterated a “buy” rating on shares of Bank OZK in a research note on Tuesday. Finally, Stephens upgraded shares of Bank OZK from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $58.00 to $65.00 in a report on Wednesday, August 20th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Bank OZK currently has an average rating of “Hold” and an average target price of $58.88.

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.