Bank OZK $OZK Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its position in shares of Bank OZK (NASDAQ:OZK) by 7.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 176,534 shares of the company’s stock after selling 14,400 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Bank OZK were worth $8,114,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Elevation Wealth Partners LLC boosted its position in Bank OZK by 68.8% during the 3rd quarter. Elevation Wealth Partners LLC now owns 660 shares of the company’s stock worth $30,000 after buying an additional 269 shares during the period. IFP Advisors Inc grew its holdings in Bank OZK by 1,307.5% during the 2nd quarter. IFP Advisors Inc now owns 746 shares of the company’s stock worth $39,000 after acquiring an additional 693 shares during the last quarter. Root Financial Partners LLC acquired a new position in Bank OZK in the 3rd quarter valued at approximately $59,000. Miller Global Investments LLC acquired a new position in Bank OZK in the 3rd quarter valued at approximately $66,000. Finally, TD Waterhouse Canada Inc. raised its stake in shares of Bank OZK by 2,064.3% during the third quarter. TD Waterhouse Canada Inc. now owns 1,818 shares of the company’s stock valued at $84,000 after acquiring an additional 1,734 shares during the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Wall Street Analyst Weigh In

OZK has been the topic of several analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of Bank OZK from $52.00 to $54.00 and gave the stock a “market perform” rating in a research note on Friday. Wall Street Zen raised Bank OZK from a “sell” rating to a “hold” rating in a research report on Sunday, September 27th. Wells Fargo & Company cut their target price on Bank OZK from $56.00 to $51.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 29th. UBS Group lifted their target price on Bank OZK from $50.00 to $51.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. Finally, Raymond James Financial initiated coverage on Bank OZK in a research report on Tuesday, September 1st. They issued a “market perform” rating on the stock. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Bank OZK currently has an average rating of “Hold” and a consensus price target of $55.14.

Bank OZK Stock Performance

NASDAQ:OZK opened at $50.65 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 0.98. Bank OZK has a fifty-two week low of $42.37 and a fifty-two week high of $53.39. The company has a 50 day simple moving average of $47.84 and a two-hundred day simple moving average of $48.47. The company has a market capitalization of $5.67 billion, a PE ratio of 8.50 and a beta of 0.92.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.07. Bank OZK had a net margin of 24.70% and a return on equity of 11.56%. The firm had revenue of $391.48 million for the quarter, compared to the consensus estimate of $434.83 million. During the same quarter in the previous year, the company earned $1.59 EPS. Research analysts anticipate that Bank OZK will post 5.91 earnings per share for the current year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Tuesday, October 13th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.9%. This is a boost from Bank OZK’s previous quarterly dividend of $0.48. The ex-dividend date was Tuesday, October 13th. Bank OZK’s dividend payout ratio is currently 32.89%.

Bank OZK Company Profile

Bank OZK (NASDAQ:OZK) is a regional financial institution headquartered in Little Rock, Arkansas. The company provides banking services to individuals, businesses and institutions, including deposit accounts, commercial and consumer loans, mortgage lending, treasury management and online and mobile banking.

Bank OZK also operates specialized lending businesses, including its Real Estate Specialties Group, which provides financing for commercial real estate development and other complex real estate projects.