Watchman Group Inc. Sells 3,138 Shares of Bank OZK (NASDAQ:OZK)

Watchman Group Inc. lowered its holdings in shares of Bank OZK (NASDAQ:OZK) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,070 shares of the company’s stock after selling 3,138 shares during the period. Watchman Group Inc.’s holdings in Bank OZK were worth $2,675,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Barclays PLC grew its stake in Bank OZK by 30.7% in the 3rd quarter. Barclays PLC now owns 254,874 shares of the company’s stock valued at $10,958,000 after purchasing an additional 59,907 shares during the period. Geode Capital Management LLC boosted its position in shares of Bank OZK by 6.7% in the third quarter. Geode Capital Management LLC now owns 2,022,979 shares of the company’s stock valued at $86,989,000 after acquiring an additional 126,352 shares during the period. Verition Fund Management LLC raised its position in shares of Bank OZK by 68.6% in the third quarter. Verition Fund Management LLC now owns 34,869 shares of the company’s stock worth $1,499,000 after buying an additional 14,189 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of Bank OZK by 112.8% during the third quarter. Cerity Partners LLC now owns 51,717 shares of the company’s stock worth $2,223,000 after purchasing an additional 27,409 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Bank OZK by 14.6% in the 4th quarter. GAMMA Investing LLC now owns 4,758 shares of the company’s stock worth $212,000 after buying an additional 606 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Bank OZK Stock Performance

NASDAQ:OZK opened at $43.73 on Friday. Bank OZK has a fifty-two week low of $37.43 and a fifty-two week high of $53.64. 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 stock’s fifty day moving average is $48.19 and its 200 day moving average is $46.09. The firm has a market capitalization of $4.96 billion, a PE ratio of 7.12 and a beta of 1.23.

Bank OZK (NASDAQ:OZK) last issued its earnings results on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.12. The business had revenue of $412.34 million during the quarter, compared to analyst estimates of $407.19 million. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. Bank OZK’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.50 EPS. On average, sell-side analysts anticipate that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.84%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Tuesday, January 14th. Bank OZK’s dividend payout ratio (DPR) is 27.36%.

Analyst Ratings Changes

Several analysts have issued reports on OZK shares. Stephens upped their price target on shares of Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. Morgan Stanley cut their price objective on shares of Bank OZK from $58.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 13th. Wells Fargo & Company upgraded Bank OZK from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $40.00 to $48.00 in a research note on Tuesday, January 21st. Finally, UBS Group assumed coverage on shares of Bank OZK in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $50.38.

Bank OZK 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.