Bank OZK $OZK Stock Sold by ProShare Advisors LLC

ProShare Advisors LLC trimmed its stake in Bank OZK (NASDAQ:OZK) by 1.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 534,796 shares of the company’s stock after selling 10,333 shares during the quarter. ProShare Advisors LLC’s holdings in Bank OZK were worth $24,579,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its position in Bank OZK by 2.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,305 shares of the company’s stock worth $537,000 after purchasing an additional 212 shares during the last quarter. Elevation Wealth Partners LLC boosted its holdings in shares of Bank OZK by 68.8% in the 3rd quarter. Elevation Wealth Partners LLC now owns 660 shares of the company’s stock valued at $30,000 after purchasing an additional 269 shares during the last quarter. Evergreen Capital Management LLC boosted its holdings in shares of Bank OZK by 4.2% in the 3rd quarter. Evergreen Capital Management LLC now owns 7,919 shares of the company’s stock valued at $364,000 after purchasing an additional 319 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Bank OZK by 3.0% in the 3rd quarter. Park Avenue Securities LLC now owns 12,181 shares of the company’s stock valued at $560,000 after purchasing an additional 355 shares during the last quarter. Finally, Groesbeck Investment Management Corp NJ grew its stake in shares of Bank OZK by 4.1% during the 3rd quarter. Groesbeck Investment Management Corp NJ now owns 10,607 shares of the company’s stock valued at $487,000 after buying an additional 418 shares during the period. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Bank OZK Stock Up 2.6%

OZK opened at $51.96 on Tuesday. Bank OZK has a 1 year low of $42.37 and a 1 year high of $53.39. The firm has a 50 day moving average price of $47.90 and a 200 day moving average price of $48.50. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 0.98. The company has a market cap of $5.81 billion, a PE ratio of 8.47 and a beta of 0.92.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings results on Tuesday, October 20th. The company reported $1.50 earnings per share for the quarter, beating 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 analysts’ expectations of $434.83 million. During the same period in the previous year, the company posted $1.59 earnings per share. Sell-side analysts expect that Bank OZK will post 5.91 earnings per share for the current year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Tuesday, October 13th were paid a $0.49 dividend. The ex-dividend date of this dividend was Tuesday, October 13th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.8%. This is a boost from Bank OZK’s previous quarterly dividend of $0.48. Bank OZK’s payout ratio is 32.89%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on OZK. UBS Group upped their price objective on Bank OZK from $50.00 to $51.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. Keefe, Bruyette & Woods increased their target price on Bank OZK from $52.00 to $54.00 and gave the stock a “market perform” rating in a research report on Friday. Zacks Research upgraded Bank OZK from a “strong sell” rating to a “hold” rating in a report on Friday, September 25th. Wall Street Zen upgraded Bank OZK from a “sell” rating to a “hold” rating in a report on Sunday, September 27th. Finally, Piper Sandler reissued an “overweight” rating and set a $61.00 price target on shares of Bank OZK in a research report on Wednesday, July 22nd. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Bank OZK currently has a consensus rating of “Hold” and an average price target of $55.14.

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.