Bank OZK (NASDAQ:OZK) Holdings Lowered by Weybosset Research & Management LLC

Weybosset Research & Management LLC trimmed its position in Bank OZK (NASDAQ:OZK) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 245,069 shares of the company’s stock after selling 2,067 shares during the period. Bank OZK comprises approximately 3.7% of Weybosset Research & Management LLC’s holdings, making the stock its 13th largest holding. Weybosset Research & Management LLC’s holdings in Bank OZK were worth $10,913,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in OZK. M&T Bank Corp grew its stake in Bank OZK by 1.9% during the 3rd quarter. M&T Bank Corp now owns 13,432 shares of the company’s stock valued at $578,000 after acquiring an additional 244 shares in the last quarter. Evergreen Capital Management LLC grew its position in Bank OZK by 8.3% during the second quarter. Evergreen Capital Management LLC now owns 5,079 shares of the company’s stock valued at $208,000 after purchasing an additional 388 shares in the last quarter. Raymond James Trust N.A. lifted its position in Bank OZK by 6.0% in the 3rd quarter. Raymond James Trust N.A. now owns 7,184 shares of the company’s stock worth $309,000 after buying an additional 407 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Bank OZK by 73.8% during the 3rd quarter. Assetmark Inc. now owns 968 shares of the company’s stock valued at $42,000 after buying an additional 411 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Bank OZK by 14.6% during the 4th quarter. GAMMA Investing LLC now owns 4,758 shares of the company’s stock valued at $212,000 after acquiring an additional 606 shares in the last quarter. 86.18% of the stock is owned by hedge funds and other institutional investors.

Bank OZK Stock Performance

Shares of OZK traded down $1.47 during trading hours on Friday, reaching $41.77. 360,533 shares of the company traded hands, compared to its average volume of 1,090,076. Bank OZK has a 1-year low of $37.43 and a 1-year high of $51.50. The stock has a market cap of $4.74 billion, a P/E ratio of 6.87 and a beta of 1.20. The stock’s fifty day moving average is $46.55 and its 200 day moving average is $43.99. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.02.

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

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 14th will be given a dividend of $0.42 per share. This is a positive change from Bank OZK’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend is Tuesday, January 14th. Bank OZK’s payout ratio is 27.63%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on OZK shares. Raymond James cut Bank OZK from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. Truist Financial reduced their price target on Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a report on Monday, October 21st. Piper Sandler increased their price objective on Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Stephens boosted their target price on shares of Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Finally, Wells Fargo & Company raised their target price on Bank OZK from $35.00 to $40.00 and gave the company an “underweight” rating in a report on Tuesday, December 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $48.25.

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.