Bank OZK (NASDAQ:OZK) Shares Sold by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. decreased its holdings in shares of Bank OZK (NASDAQ:OZK) by 10.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,842,486 shares of the company’s stock after selling 209,861 shares during the period. Bank OZK comprises approximately 2.4% of Van Berkom & Associates Inc.’s investment portfolio, making the stock its 18th largest holding. Van Berkom & Associates Inc. owned approximately 1.62% of Bank OZK worth $82,046,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in Bank OZK by 7.3% during the 3rd quarter. State Street Corp now owns 7,106,907 shares of the company’s stock worth $305,526,000 after buying an additional 485,172 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Bank OZK by 32.7% in the third quarter. Wellington Management Group LLP now owns 4,223,452 shares of the company’s stock worth $181,566,000 after acquiring an additional 1,041,198 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Bank OZK by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,941,431 shares of the company’s stock worth $169,442,000 after purchasing an additional 112,648 shares in the last quarter. Geode Capital Management LLC raised its stake in Bank OZK by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,022,979 shares of the company’s stock valued at $86,989,000 after purchasing an additional 126,352 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in Bank OZK by 124.6% in the 3rd quarter. Captrust Financial Advisors now owns 1,698,856 shares of the company’s stock valued at $73,034,000 after purchasing an additional 942,309 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on OZK shares. Wells Fargo & Company raised shares of Bank OZK from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $40.00 to $48.00 in a report on Tuesday, January 21st. UBS Group initiated coverage on shares of Bank OZK in a research note on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price objective for the company. Finally, Stephens increased their price objective on shares of Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $50.00.

Bank OZK Stock Performance

NASDAQ:OZK opened at $49.40 on Friday. The company’s 50-day moving average is $47.77 and its two-hundred day moving average is $45.38. Bank OZK has a 1-year low of $37.43 and a 1-year high of $53.64. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 8.05 and a beta of 1.20.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings results on Thursday, January 16th. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.44 by $0.12. The firm had revenue of $412.34 million for the quarter, compared to analyst estimates of $407.19 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.50 EPS. Analysts forecast that Bank OZK will post 6.03 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 14th were issued a dividend of $0.42 per share. The ex-dividend date was Tuesday, January 14th. This is a boost from Bank OZK’s previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.40%. Bank OZK’s dividend payout ratio is currently 27.36%.

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.