Pathway Financial Advisers LLC Sells 56,106 Shares of Bank OZK (NASDAQ:OZK)

Pathway Financial Advisers LLC lessened its position in Bank OZK (NASDAQ:OZK) by 97.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,349 shares of the company’s stock after selling 56,106 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Bank OZK were worth $60,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Bank OZK during the 4th quarter worth about $27,000. Assetmark Inc. increased its position in shares of Bank OZK by 73.8% in the third quarter. Assetmark Inc. now owns 968 shares of the company’s stock valued at $42,000 after acquiring an additional 411 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Bank OZK during the third quarter worth about $61,000. Venturi Wealth Management LLC boosted its position in Bank OZK by 424.8% during the third quarter. Venturi Wealth Management LLC now owns 1,590 shares of the company’s stock valued at $68,000 after purchasing an additional 1,287 shares during the last quarter. Finally, New Wave Wealth Advisors LLC bought a new position in Bank OZK in the fourth quarter valued at approximately $93,000. Institutional investors own 86.18% of the company’s stock.

Bank OZK Stock Performance

NASDAQ OZK opened at $52.62 on Friday. Bank OZK has a 52-week low of $37.43 and a 52-week high of $53.64. The stock has a market cap of $5.97 billion, a PE ratio of 8.57 and a beta of 1.20. The firm has a 50-day moving average of $47.29 and a 200-day moving average of $45.14. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.03.

Bank OZK (NASDAQ:OZK) last announced its earnings results on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.12. The company had revenue of $412.34 million for 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%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.50 earnings per share. On average, sell-side analysts anticipate that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th were paid a $0.42 dividend. The ex-dividend date of this dividend was Tuesday, January 14th. This is an increase from Bank OZK’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a dividend yield of 3.19%. Bank OZK’s dividend payout ratio is 27.36%.

Analyst Upgrades and Downgrades

OZK has been the topic of several recent analyst reports. UBS Group started coverage on Bank OZK in a research report on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price target on the stock. Piper Sandler upped their price target on shares of Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Stephens increased 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 note on Tuesday, January 21st. Truist Financial lowered their price objective on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a research note on Monday, October 21st. Finally, Wells Fargo & Company upgraded shares of Bank OZK from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $40.00 to $48.00 in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $50.00.

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.