Bank OZK $OZK Stock Sold by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. decreased its position in shares of Bank OZK (NASDAQ:OZK) by 11.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,420,315 shares of the company’s stock after selling 184,252 shares during the quarter. Bank OZK makes up 2.3% of Van Berkom & Associates Inc.’s investment portfolio, making the stock its 18th largest position. Van Berkom & Associates Inc.’s holdings in Bank OZK were worth $65,278,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC raised its stake in 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 acquiring an additional 269 shares during the period. IFP Advisors Inc boosted its position in Bank OZK by 1,307.5% during the second quarter. IFP Advisors Inc now owns 746 shares of the company’s stock worth $39,000 after purchasing an additional 693 shares during the period. Root Financial Partners LLC bought a new position in Bank OZK during the third quarter worth about $59,000. Miller Global Investments LLC purchased a new position in shares of Bank OZK in the third quarter worth about $66,000. Finally, Pathway Financial Advisers LLC purchased a new position in shares of Bank OZK in the third quarter worth about $66,000. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Weiss Ratings upgraded shares of Bank OZK from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 29th. Wall Street Zen upgraded shares of Bank OZK from a “sell” rating to a “hold” rating in a research note on Sunday, September 27th. UBS Group boosted their target price on shares of Bank OZK from $50.00 to $51.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. Citigroup restated a “sell” rating on shares of Bank OZK in a research report on Tuesday, October 6th. Finally, Keefe, Bruyette & Woods raised their price target on Bank OZK from $52.00 to $54.00 and gave the stock a “market perform” rating in a report on Friday, October 30th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $55.14.

Bank OZK Stock Up 1.1%

Shares of NASDAQ OZK opened at $51.18 on Tuesday. Bank OZK has a 52 week low of $42.37 and a 52 week high of $53.39. The business has a 50-day simple moving average of $48.07 and a two-hundred day simple moving average of $48.58. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.21. The company has a market cap of $5.73 billion, a P/E ratio of 8.69 and a beta of 0.90.

Bank OZK (NASDAQ:OZK) last posted its 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 return on equity of 11.56% and a net margin of 24.70%. The business had revenue of $391.48 million during the quarter, compared to analyst estimates of $434.83 million. During the same quarter in the previous year, the firm earned $1.59 EPS. Research analysts anticipate that Bank OZK will post 5.91 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, October 20th. Stockholders of record on Tuesday, October 13th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.8%. This is an increase from Bank OZK’s previous quarterly dividend of $0.48. The ex-dividend date was Tuesday, October 13th. Bank OZK’s dividend payout ratio (DPR) is 32.89%.

About Bank OZK

Bank OZK is a regional bank headquartered in Little Rock, Arkansas. It provides consumer and business banking services, including deposit accounts, loans, treasury management and digital banking.

The bank is particularly known for commercial real estate lending through its Real Estate Specialties Group. It also serves customers through community banking operations, offering services to individuals, businesses and commercial clients.

Founded in 1903 as a community bank in Arkansas, the company adopted the Bank OZK name in 2018.