Woodard & Co. Asset Management Group Inc. ADV Has $257,000 Position in Bank OZK $OZK

Woodard & Co. Asset Management Group Inc. ADV decreased its holdings in Bank OZK (NASDAQ:OZK) by 85.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,048 shares of the company’s stock after selling 30,282 shares during the quarter. Woodard & Co. Asset Management Group Inc. ADV’s holdings in Bank OZK were worth $257,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in Bank OZK by 20.1% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 12,098 shares of the company’s stock worth $617,000 after purchasing an additional 2,026 shares during the period. Chicago Partners Investment Group LLC grew its stake in shares of Bank OZK by 24.5% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 9,465 shares of the company’s stock valued at $483,000 after purchasing an additional 1,863 shares during the period. Vest Financial LLC raised its holdings in shares of Bank OZK by 17.5% in the 3rd quarter. Vest Financial LLC now owns 108,153 shares of the company’s stock worth $5,514,000 after buying an additional 16,073 shares in the last quarter. Inscription Capital LLC lifted its position in shares of Bank OZK by 134.5% during the 3rd quarter. Inscription Capital LLC now owns 17,006 shares of the company’s stock worth $867,000 after buying an additional 9,755 shares during the period. Finally, Root Financial Partners LLC acquired a new stake in Bank OZK in the 3rd quarter valued at $27,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Bank OZK Trading Up 0.1%

Shares of NASDAQ OZK opened at $47.83 on Thursday. Bank OZK has a 1-year low of $35.71 and a 1-year high of $53.66. The company has a 50-day moving average of $46.74 and a two-hundred day moving average of $48.76. The company has a market cap of $5.35 billion, a PE ratio of 7.75 and a beta of 0.90. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.13.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings results on Tuesday, January 20th. The company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.03). The company had revenue of $436.29 million for the quarter, compared to the consensus estimate of $434.68 million. Bank OZK had a net margin of 25.50% and a return on equity of 12.75%. During the same period last year, the company earned $1.56 earnings per share. As a group, equities analysts expect that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 13th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Tuesday, January 13th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.45. Bank OZK’s dividend payout ratio is 29.82%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on OZK. TD Cowen dropped their price objective on Bank OZK from $61.00 to $56.00 and set a “buy” rating for the company in a research note on Wednesday, January 7th. UBS Group reiterated a “neutral” rating and set a $51.00 target price on shares of Bank OZK in a research report on Tuesday, January 6th. Wall Street Zen upgraded shares of Bank OZK from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. Zacks Research raised shares of Bank OZK from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 7th. Finally, Wells Fargo & Company lifted their target price on shares of Bank OZK from $49.00 to $50.00 and gave the company an “equal weight” rating in a research note on Monday, September 29th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $57.56.

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.