Swiss National Bank Trims Position in Bank OZK $OZK

Swiss National Bank lowered its holdings in Bank OZK (NASDAQ:OZK) by 1.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 205,233 shares of the company’s stock after selling 3,000 shares during the period. Swiss National Bank owned approximately 0.18% of Bank OZK worth $9,658,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in OZK. Ensign Peak Advisors Inc lifted its stake in shares of Bank OZK by 0.6% in the 2nd quarter. Ensign Peak Advisors Inc now owns 57,792 shares of the company’s stock valued at $2,720,000 after purchasing an additional 370 shares during the period. Senvest Management LLC increased its stake in Bank OZK by 24.4% in the 2nd quarter. Senvest Management LLC now owns 1,581,582 shares of the company’s stock worth $74,429,000 after buying an additional 310,707 shares during the period. Inspire Advisors LLC increased its position in Bank OZK by 436.6% during the 2nd quarter. Inspire Advisors LLC now owns 78,561 shares of the company’s stock valued at $3,697,000 after purchasing an additional 63,921 shares during the period. LSV Asset Management boosted its position in Bank OZK by 1.0% during the second quarter. LSV Asset Management now owns 479,006 shares of the company’s stock valued at $22,542,000 after purchasing an additional 4,560 shares in the last quarter. Finally, Semanteon Capital Management LP acquired a new position in Bank OZK during the 2nd quarter valued at about $382,000. Institutional investors own 86.18% of the company’s stock.

Bank OZK Price Performance

NASDAQ OZK opened at $46.03 on Friday. The stock has a 50-day simple moving average of $47.18 and a 200 day simple moving average of $48.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.04 and a current ratio of 1.03. The stock has a market capitalization of $5.23 billion, a PE ratio of 7.42 and a beta of 0.94. Bank OZK has a twelve month low of $35.71 and a twelve month high of $53.66.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings results 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). Bank OZK had a net margin of 25.81% and a return on equity of 13.00%. The business had revenue of $449.94 million during the quarter, compared to the consensus estimate of $447.93 million. During the same period last year, the firm earned $1.55 EPS. Research analysts anticipate that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 14th were paid a dividend of $0.45 per share. The ex-dividend date was Tuesday, October 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.9%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.44. Bank OZK’s dividend payout ratio (DPR) is currently 29.03%.

Wall Street Analyst Weigh In

OZK has been the topic of several research analyst reports. Keefe, Bruyette & Woods dropped their target price on shares of Bank OZK from $53.00 to $50.00 and set a “market perform” rating on the stock in a research report on Monday, October 20th. Morgan Stanley boosted their target price on Bank OZK from $55.00 to $63.00 and gave the company an “underperform” rating in a report on Monday, September 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Bank OZK in a research note on Thursday, October 30th. TD Cowen began coverage on Bank OZK in a research report on Thursday, September 25th. They issued a “buy” rating and a $67.00 price objective on the stock. Finally, UBS Group lowered their price objective on shares of Bank OZK from $57.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, October 28th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Bank OZK has a consensus rating of “Hold” and a consensus price target of $58.75.

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.