Bank OZK $OZK Shares Sold by Savant Capital LLC

Savant Capital LLC trimmed its holdings in Bank OZK (NASDAQ:OZK) by 91.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,350 shares of the company’s stock after selling 47,450 shares during the quarter. Savant Capital LLC’s holdings in Bank OZK were worth $200,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in Bank OZK in the fourth quarter valued at approximately $25,000. BOKF NA acquired a new position in Bank OZK in the third quarter valued at approximately $27,000. Bayforest Capital Ltd boosted its holdings in Bank OZK by 100.5% in the fourth quarter. Bayforest Capital Ltd now owns 766 shares of the company’s stock valued at $35,000 after purchasing an additional 384 shares in the last quarter. Employees Retirement System of Texas acquired a new position in Bank OZK in the third quarter valued at approximately $51,000. Finally, Hantz Financial Services Inc. boosted its holdings in Bank OZK by 96.3% in the third quarter. Hantz Financial Services Inc. now owns 1,158 shares of the company’s stock valued at $59,000 after purchasing an additional 568 shares in the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

Bank OZK Price Performance

Shares of NASDAQ OZK opened at $49.91 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.14. Bank OZK has a twelve month low of $42.37 and a twelve month high of $53.66. The stock has a 50 day moving average of $47.76 and a two-hundred day moving average of $47.32. The stock has a market cap of $5.58 billion, a P/E ratio of 8.13 and a beta of 0.90.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.02). Bank OZK had a net margin of 25.27% and a return on equity of 12.32%. The firm had revenue of $424.32 million during the quarter, compared to analysts’ expectations of $422.62 million. During the same quarter in the prior year, the firm posted $1.47 EPS. Bank OZK’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, research analysts forecast that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 20th. Shareholders of record on Monday, April 13th were paid a $0.47 dividend. The ex-dividend date was Monday, April 13th. This represents a $1.88 dividend on an annualized basis and a yield of 3.8%. Bank OZK’s payout ratio is currently 30.62%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. UBS Group assumed coverage on Bank OZK in a report on Tuesday, April 7th. They issued a “neutral” rating and a $48.00 price target for the company. Weiss Ratings downgraded Bank OZK from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Wall Street Zen raised Bank OZK from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Wells Fargo & Company upped their price target on Bank OZK from $48.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, March 30th. Finally, Morgan Stanley boosted their price objective on Bank OZK from $57.00 to $61.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Bank OZK currently has an average rating of “Hold” and an average price target of $56.89.

Bank OZK 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.