Bank OZK (NASDAQ:OZK) Shares Sold by QV Investors Inc.

QV Investors Inc. trimmed its position in Bank OZK (NASDAQ:OZK) by 17.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 171,050 shares of the company’s stock after selling 35,050 shares during the quarter. QV Investors Inc.’s holdings in Bank OZK were worth $7,353,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Tidal Investments LLC raised its holdings in shares of Bank OZK by 4.0% during the first quarter. Tidal Investments LLC now owns 5,491 shares of the company’s stock worth $250,000 after purchasing an additional 210 shares during the last quarter. HB Wealth Management LLC grew its position in Bank OZK by 3.9% during the 1st quarter. HB Wealth Management LLC now owns 6,607 shares of the company’s stock worth $300,000 after purchasing an additional 249 shares during the period. Evergreen Capital Management LLC raised its stake in shares of Bank OZK by 8.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 5,079 shares of the company’s stock valued at $208,000 after buying an additional 388 shares during the last quarter. Naples Global Advisors LLC lifted its holdings in shares of Bank OZK by 2.5% in the 2nd quarter. Naples Global Advisors LLC now owns 16,550 shares of the company’s stock valued at $679,000 after buying an additional 400 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its stake in shares of Bank OZK by 0.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 82,134 shares of the company’s stock worth $3,733,000 after buying an additional 409 shares during the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Stock Up 1.5 %

Shares of NASDAQ OZK opened at $44.69 on Wednesday. The firm has a market cap of $5.07 billion, a price-to-earnings ratio of 7.49 and a beta of 1.17. The company’s 50-day simple moving average is $41.91 and its 200-day simple moving average is $42.98. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.17. Bank OZK has a 52-week low of $34.76 and a 52-week high of $52.36.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings data on Wednesday, July 17th. The company reported $1.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.52. Bank OZK had a return on equity of 14.50% and a net margin of 27.04%. The company had revenue of $416.78 million for the quarter, compared to analysts’ expectations of $414.39 million. During the same period in the previous year, the firm posted $1.47 EPS. Bank OZK’s revenue was up 7.2% compared to the same quarter last year. Equities analysts predict that Bank OZK will post 6 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 11th will be paid a $0.41 dividend. The ex-dividend date is Friday, October 11th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.67%. Bank OZK’s payout ratio is currently 27.47%.

Wall Street Analyst Weigh In

OZK has been the subject of several recent research reports. Truist Financial reduced their price target on Bank OZK from $49.00 to $48.00 and set a “hold” rating for the company in a research report on Friday, September 20th. Morgan Stanley lifted their target price on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Raymond James downgraded shares of Bank OZK from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 17th. Stephens reaffirmed an “equal weight” rating and issued a $50.00 price objective on shares of Bank OZK in a report on Thursday, July 18th. Finally, StockNews.com raised shares of Bank OZK from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $46.57.

Bank OZK Company 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.