Mutual of America Capital Management LLC Sells 3,371 Shares of Bank OZK (NASDAQ:OZK)

Mutual of America Capital Management LLC cut its stake in shares of Bank OZK (NASDAQ:OZK) by 5.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,031 shares of the company’s stock after selling 3,371 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Bank OZK were worth $2,452,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in OZK. CANADA LIFE ASSURANCE Co lifted its stake in shares of Bank OZK by 0.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 82,134 shares of the company’s stock worth $3,733,000 after acquiring an additional 409 shares during the period. Quadrature Capital Ltd lifted its position in shares of Bank OZK by 62.6% in the 1st quarter. Quadrature Capital Ltd now owns 13,321 shares of the company’s stock worth $605,000 after purchasing an additional 5,128 shares during the period. LRI Investments LLC bought a new stake in shares of Bank OZK in the 1st quarter valued at $29,000. Epoch Investment Partners Inc. increased its position in shares of Bank OZK by 0.8% during the first quarter. Epoch Investment Partners Inc. now owns 214,990 shares of the company’s stock worth $9,773,000 after buying an additional 1,785 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in Bank OZK by 5.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 62,444 shares of the company’s stock worth $2,839,000 after buying an additional 3,301 shares during the last quarter. Institutional investors own 86.18% of the company’s stock.

Analysts Set New Price Targets

OZK has been the topic of a number of research analyst reports. Truist Financial cut their price target on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a research report on Monday, October 21st. Piper Sandler upped their target price on Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Stephens lifted their target price on Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Raymond James cut Bank OZK from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 17th. Finally, Morgan Stanley raised their price objective 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, August 5th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $48.50.

Bank OZK Stock Performance

NASDAQ OZK opened at $49.33 on Friday. The company has a market cap of $5.60 billion, a P/E ratio of 8.11 and a beta of 1.16. The company has a fifty day simple moving average of $44.45 and a 200 day simple moving average of $43.27. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. Bank OZK has a 12-month low of $37.43 and a 12-month high of $52.36.

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

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 11th were issued a dividend of $0.41 per share. This is a positive change from Bank OZK’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend was Friday, October 11th. Bank OZK’s payout ratio is currently 26.97%.

About Bank OZK

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.