Bank OZK $OZK Shares Sold by Bank of Montreal Can

Bank of Montreal Can trimmed its position in shares of Bank OZK (NASDAQ:OZK) by 2.5% during the second quarter, HoldingsChannel reports. The fund owned 44,921 shares of the company’s stock after selling 1,169 shares during the quarter. Bank of Montreal Can’s holdings in Bank OZK were worth $2,114,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its holdings in Bank OZK by 58.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 590 shares of the company’s stock valued at $28,000 after purchasing an additional 217 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of Bank OZK in the 1st quarter valued at approximately $32,000. Brooklyn Investment Group boosted its stake in shares of Bank OZK by 1,114.3% in the first quarter. Brooklyn Investment Group now owns 1,105 shares of the company’s stock valued at $48,000 after buying an additional 1,014 shares in the last quarter. Parallel Advisors LLC grew its holdings in Bank OZK by 70.8% during the second quarter. Parallel Advisors LLC now owns 1,124 shares of the company’s stock worth $53,000 after acquiring an additional 466 shares during the period. Finally, Assetmark Inc. raised its position in Bank OZK by 20.8% in the second quarter. Assetmark Inc. now owns 1,507 shares of the company’s stock worth $71,000 after acquiring an additional 259 shares in the last quarter. 86.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on OZK shares. Wells Fargo & Company boosted their target price on shares of Bank OZK from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Monday, September 29th. Cowen reissued a “buy” rating on shares of Bank OZK in a report on Tuesday, October 21st. National Bankshares set a $67.00 target price on shares of Bank OZK in a research report on Wednesday, September 24th. Stephens upgraded shares of Bank OZK from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $58.00 to $65.00 in a research report on Wednesday, August 20th. Finally, Zacks Research lowered Bank OZK from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Bank OZK currently has a consensus rating of “Hold” and a consensus target price of $58.75.

Bank OZK Stock Up 0.1%

OZK stock opened at $44.98 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.04. The company’s 50 day simple moving average is $49.05 and its 200-day simple moving average is $48.36. Bank OZK has a 12 month low of $35.71 and a 12 month high of $53.66. The firm has a market capitalization of $5.12 billion, a PE ratio of 7.25 and a beta of 0.94.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Thursday, October 16th. The company reported $1.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by ($0.07). The company had revenue of $449.94 million for the quarter, compared to analyst estimates of $447.93 million. Bank OZK had a return on equity of 13.00% and a net margin of 25.81%.During the same quarter in the prior year, the firm earned $1.55 earnings per share. Equities analysts expect that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 14th were given a $0.45 dividend. This is an increase from Bank OZK’s previous quarterly dividend of $0.44. This represents a $1.80 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Tuesday, October 14th. Bank OZK’s dividend payout ratio (DPR) is currently 29.03%.

Bank OZK 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.