Bank OZK (NASDAQ:OZK) Shares Sold by Amundi

Amundi lowered its stake in Bank OZK (NASDAQ:OZK) by 31.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 156,884 shares of the company’s stock after selling 73,429 shares during the quarter. Amundi’s holdings in Bank OZK were worth $6,784,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. M&T Bank Corp raised its holdings in shares of Bank OZK by 1.9% during the third 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 during the last quarter. Principal Securities Inc. raised its stake in Bank OZK by 12.7% in the 4th quarter. Principal Securities Inc. now owns 2,509 shares of the company’s stock valued at $112,000 after purchasing an additional 283 shares during the last quarter. Arizona State Retirement System lifted its holdings in Bank OZK by 1.0% in the 4th quarter. Arizona State Retirement System now owns 31,253 shares of the company’s stock valued at $1,392,000 after purchasing an additional 305 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Bank OZK by 2.1% during the 4th quarter. Pacer Advisors Inc. now owns 15,733 shares of the company’s stock worth $701,000 after purchasing an additional 325 shares during the last quarter. Finally, Savant Capital LLC grew its holdings in shares of Bank OZK by 0.7% during the fourth quarter. Savant Capital LLC now owns 46,784 shares of the company’s stock worth $2,083,000 after buying an additional 327 shares in the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Bank OZK Stock Performance

Shares of Bank OZK stock opened at $44.19 on Friday. The firm has a market cap of $5.01 billion, a PE ratio of 7.20 and a beta of 1.23. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16. Bank OZK has a 52 week low of $37.43 and a 52 week high of $53.64. The business’s fifty day simple moving average is $48.11 and its 200-day simple moving average is $45.90.

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 the consensus estimate of $1.44 by $0.12. The company had revenue of $412.34 million during 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%. Bank OZK’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.50 earnings per share. Equities analysts forecast that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 14th were given a $0.42 dividend. This is a positive change from Bank OZK’s previous quarterly dividend of $0.41. The ex-dividend date was Tuesday, January 14th. This represents a $1.68 dividend on an annualized basis and a yield of 3.80%. Bank OZK’s payout ratio is presently 27.36%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on OZK. Wells Fargo & Company upgraded shares of Bank OZK from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $40.00 to $48.00 in a research report on Tuesday, January 21st. Stephens boosted their target price on Bank OZK from $53.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. UBS Group assumed coverage on Bank OZK in a report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price target for the company. Finally, Morgan Stanley lowered their price objective on Bank OZK from $58.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Thursday. One 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. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $50.38.

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.