Bank OZK (NASDAQ:OZK) Stock Position Decreased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. cut its position in shares of Bank OZK (NASDAQ:OZK) by 17.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,054 shares of the company’s stock after selling 2,284 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Bank OZK were worth $492,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. M&T Bank Corp raised its stake in shares of Bank OZK by 1.9% in the 3rd 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 in the last quarter. Pallas Capital Advisors LLC raised its stake in shares of Bank OZK by 3.7% in the 4th quarter. Pallas Capital Advisors LLC now owns 10,555 shares of the company’s stock valued at $470,000 after acquiring an additional 373 shares in the last quarter. Evergreen Capital Management LLC raised its stake in shares of Bank OZK by 8.3% in the 2nd quarter. Evergreen Capital Management LLC now owns 5,079 shares of the company’s stock valued at $208,000 after acquiring an additional 388 shares in the last quarter. Raymond James Trust N.A. raised its stake in shares of Bank OZK by 6.0% in the 3rd quarter. Raymond James Trust N.A. now owns 7,184 shares of the company’s stock valued at $309,000 after acquiring an additional 407 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of Bank OZK by 73.8% in the 3rd quarter. Assetmark Inc. now owns 968 shares of the company’s stock valued at $42,000 after acquiring an additional 411 shares in the last quarter. 86.18% of the stock is owned by institutional investors.

Bank OZK Price Performance

Shares of NASDAQ:OZK opened at $49.74 on Tuesday. Bank OZK has a 1-year low of $37.43 and a 1-year high of $51.50. The firm has a market capitalization of $5.64 billion, a PE ratio of 8.18 and a beta of 1.20. The business’s 50 day moving average is $46.44 and its 200-day moving average is $44.31. 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 (NASDAQ:OZK) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $407.19 million. Bank OZK had a return on equity of 14.15% and a net margin of 26.07%. Bank OZK’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.50 EPS. Sell-side analysts predict that Bank OZK will post 6.03 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th will be paid a $0.42 dividend. This is a positive change from Bank OZK’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Tuesday, January 14th. This represents a $1.68 annualized dividend and a yield of 3.38%. Bank OZK’s payout ratio is currently 26.97%.

Analyst Ratings Changes

A number of analysts have issued reports on OZK shares. UBS Group started coverage on Bank OZK in a report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 target price on the stock. Piper Sandler raised their target price on Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Wells Fargo & Company raised their target price on Bank OZK from $35.00 to $40.00 and gave the company an “underweight” rating in a report on Tuesday, December 3rd. Stephens reaffirmed an “equal weight” rating and issued a $53.00 target price on shares of Bank OZK in a report on Friday. Finally, Truist Financial lowered their target price on Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $48.50.

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.