ProShare Advisors LLC Has $34.13 Million Stock Holdings in Bank OZK $OZK

ProShare Advisors LLC trimmed its position in Bank OZK (NASDAQ:OZK) by 14.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 669,549 shares of the company’s stock after selling 114,843 shares during the quarter. ProShare Advisors LLC owned about 0.59% of Bank OZK worth $34,134,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of OZK. Oppenheimer Asset Management Inc. raised its holdings in Bank OZK by 48.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 89,779 shares of the company’s stock worth $4,577,000 after acquiring an additional 29,491 shares during the period. Alps Advisors Inc. grew its position in shares of Bank OZK by 6.3% in the third quarter. Alps Advisors Inc. now owns 8,733 shares of the company’s stock valued at $445,000 after purchasing an additional 520 shares during the last quarter. Savant Capital LLC grew its position in shares of Bank OZK by 0.6% in the third quarter. Savant Capital LLC now owns 51,800 shares of the company’s stock valued at $2,641,000 after purchasing an additional 323 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Bank OZK by 6.5% in the third quarter. Envestnet Asset Management Inc. now owns 231,681 shares of the company’s stock worth $11,811,000 after purchasing an additional 14,157 shares during the period. Finally, Hantz Financial Services Inc. lifted its position in shares of Bank OZK by 96.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,158 shares of the company’s stock worth $59,000 after purchasing an additional 568 shares during the last quarter. 86.18% of the stock is owned by institutional investors.

Bank OZK Stock Down 1.5%

OZK opened at $50.55 on Wednesday. The company has a market capitalization of $5.66 billion, a P/E ratio of 8.19 and a beta of 0.94. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.02 and a quick ratio of 1.03. The firm’s fifty day moving average price is $47.78 and its two-hundred day moving average price is $48.41. Bank OZK has a fifty-two week low of $35.71 and a fifty-two week high of $53.66.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings data on Tuesday, January 20th. The company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.03). Bank OZK had a return on equity of 12.65% and a net margin of 25.50%.The business had revenue of $436.29 million for the quarter, compared to the consensus estimate of $434.68 million. During the same period in the previous year, the business posted $1.56 earnings per share. On average, 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 20th. Shareholders of record on Tuesday, January 13th were paid a dividend of $0.46 per share. This is a positive change from Bank OZK’s previous quarterly dividend of $0.45. This represents a $1.84 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Tuesday, January 13th. Bank OZK’s dividend payout ratio is 29.82%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Stephens lowered their target price on Bank OZK from $64.00 to $62.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. Zacks Research upgraded shares of Bank OZK from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 7th. TD Cowen dropped their target price on shares of Bank OZK from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, January 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Bank OZK in a report on Tuesday, January 27th. Finally, Morgan Stanley decreased their price target on shares of Bank OZK from $59.00 to $57.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $56.78.

Bank OZK Company Profile

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank’s core operations focus on commercial real estate lending, including acquisition, development and construction financing.