AGF Investments LLC Cuts Stock Position in Bank OZK (NASDAQ:OZK)

AGF Investments LLC trimmed its position in shares of Bank OZK (NASDAQ:OZK) by 2.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 22,969 shares of the company’s stock after selling 667 shares during the quarter. AGF Investments LLC’s holdings in Bank OZK were worth $987,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. 1832 Asset Management L.P. boosted its stake in Bank OZK by 346.9% during the second quarter. 1832 Asset Management L.P. now owns 715 shares of the company’s stock worth $30,000 after buying an additional 555 shares during the period. Fifth Third Bancorp boosted its stake in Bank OZK by 88.4% during the third quarter. Fifth Third Bancorp now owns 1,300 shares of the company’s stock worth $56,000 after buying an additional 610 shares during the period. Van ECK Associates Corp boosted its stake in Bank OZK by 123.2% during the second quarter. Van ECK Associates Corp now owns 1,424 shares of the company’s stock worth $60,000 after buying an additional 786 shares during the period. Maverick Capital Ltd. purchased a new position in Bank OZK during the second quarter worth $149,000. Finally, US Bancorp DE boosted its stake in Bank OZK by 7.3% during the second quarter. US Bancorp DE now owns 4,057 shares of the company’s stock worth $171,000 after buying an additional 276 shares during the period. 79.03% of the stock is owned by institutional investors.

A number of brokerages have recently issued reports on OZK. Zacks Investment Research raised shares of Bank OZK from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Tuesday, December 28th. Morgan Stanley boosted their target price on shares of Bank OZK from $53.00 to $58.00 and gave the company an “equal weight” rating in a research note on Monday, December 6th. Finally, Raymond James boosted their target price on shares of Bank OZK from $50.00 to $52.00 and gave the company an “outperform” rating in a research note on Thursday, January 6th.

OZK stock opened at $50.46 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.98 and a quick ratio of 0.98. The business has a 50-day moving average price of $46.89 and a 200 day moving average price of $44.07. The company has a market capitalization of $6.53 billion, a P/E ratio of 11.93 and a beta of 1.67. Bank OZK has a 1-year low of $33.90 and a 1-year high of $51.39.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings data on Wednesday, October 20th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.03. The firm had revenue of $273.94 million during the quarter, compared to the consensus estimate of $264.05 million. Bank OZK had a return on equity of 12.31% and a net margin of 46.64%. During the same period in the previous year, the company posted $0.84 earnings per share. On average, analysts anticipate that Bank OZK will post 4.26 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 21st. Investors of record on Friday, January 14th will be issued a $0.30 dividend. This is an increase from Bank OZK’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Thursday, January 13th. Bank OZK’s payout ratio is presently 28.37%.

Bank OZK Company Profile

Bank OZK engages in the provision of community banking services. The firm offers deposit services such as checking, savings, money market, time deposit, and individual retirement accounts. It also provides loan services including types of real estate, consumer, commercial, industrial, and agricultural loans.

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Institutional Ownership by Quarter for Bank OZK (NASDAQ:OZK)

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