Strs Ohio Sells 8,916 Shares of Bank OZK (NASDAQ:OZK)

Strs Ohio cut its stake in Bank OZK (NASDAQ:OZK) by 25.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,726 shares of the company’s stock after selling 8,916 shares during the quarter. Strs Ohio’s holdings in Bank OZK were worth $1,331,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of OZK. National Bank of Canada FI lifted its position in Bank OZK by 17.9% in the third quarter. National Bank of Canada FI now owns 4,790 shares of the company’s stock worth $173,000 after buying an additional 727 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Bank OZK by 394.9% during the third quarter. SG Americas Securities LLC now owns 32,621 shares of the company’s stock worth $1,209,000 after purchasing an additional 26,030 shares during the last quarter. Naples Global Advisors LLC lifted its position in shares of Bank OZK by 14.9% during the third quarter. Naples Global Advisors LLC now owns 14,635 shares of the company’s stock worth $543,000 after purchasing an additional 1,900 shares during the last quarter. BTC Capital Management Inc. lifted its position in shares of Bank OZK by 1.6% during the third quarter. BTC Capital Management Inc. now owns 18,982 shares of the company’s stock worth $704,000 after purchasing an additional 304 shares during the last quarter. Finally, KG&L Capital Management LLC bought a new stake in shares of Bank OZK during the third quarter worth $213,000. 86.18% of the stock is currently owned by institutional investors.

Bank OZK Stock Performance

Shares of Bank OZK stock opened at $45.18 on Tuesday. The firm has a market cap of $5.11 billion, a P/E ratio of 7.57 and a beta of 1.27. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14. Bank OZK has a 12 month low of $30.72 and a 12 month high of $52.36. The stock’s fifty day moving average price is $43.46 and its 200-day moving average price is $43.39.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings results on Thursday, April 18th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.44 by $0.07. Bank OZK had a return on equity of 14.84% and a net margin of 28.54%. The firm had revenue of $406.02 million for the quarter, compared to analyst estimates of $396.81 million. During the same quarter last year, the firm posted $1.41 earnings per share. On average, equities research analysts expect that Bank OZK will post 5.89 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 12th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.45%. The ex-dividend date was Thursday, April 11th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.38. Bank OZK’s payout ratio is 26.13%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Morgan Stanley reiterated an “equal weight” rating and set a $48.00 target price on shares of Bank OZK in a research report on Monday. Raymond James upgraded Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 target price for the company in a research report on Friday, January 5th. Truist Financial decreased their target price on Bank OZK from $48.00 to $47.00 and set a “hold” rating for the company in a research report on Monday. Keefe, Bruyette & Woods lifted their target price on Bank OZK from $45.00 to $47.00 and gave the stock a “market perform” rating in a research report on Monday. Finally, UBS Group downgraded Bank OZK from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $48.25.

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.