Copeland Capital Management LLC Has $197,000 Stake in Bank OZK (NASDAQ:OZK)

Copeland Capital Management LLC lowered its stake in shares of Bank OZK (NASDAQ:OZK) by 33.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,428 shares of the company’s stock after selling 2,275 shares during the period. Copeland Capital Management LLC’s holdings in Bank OZK were worth $197,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in OZK. KG&L Capital Management LLC lifted its position in Bank OZK by 3.5% in the fourth quarter. KG&L Capital Management LLC now owns 24,523 shares of the company’s stock worth $1,090,000 after purchasing an additional 818 shares during the period. New Wave Wealth Advisors LLC bought a new position in shares of Bank OZK during the 4th quarter worth about $93,000. R Squared Ltd acquired a new stake in shares of Bank OZK during the 4th quarter valued at about $149,000. Pacer Advisors Inc. increased its stake in Bank OZK by 2.1% in the fourth quarter. Pacer Advisors Inc. now owns 15,733 shares of the company’s stock valued at $701,000 after acquiring an additional 325 shares during the period. Finally, KBC Group NV increased its stake in Bank OZK by 60.8% in the fourth quarter. KBC Group NV now owns 4,727 shares of the company’s stock valued at $210,000 after acquiring an additional 1,788 shares during the period. Institutional investors own 86.18% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on OZK shares. Truist Financial decreased their price objective on Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a report on Monday, October 21st. Piper Sandler upped their price target on Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Wells Fargo & Company raised Bank OZK from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $40.00 to $48.00 in a report on Tuesday, January 21st. Stephens upped their target price on shares of Bank OZK from $53.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Finally, UBS Group assumed coverage on shares of Bank OZK in a report on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price target for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, Bank OZK presently has a consensus rating of “Hold” and a consensus price target of $50.00.

Bank OZK Trading Down 0.2 %

Shares of NASDAQ OZK opened at $50.79 on Monday. Bank OZK has a 1-year low of $37.43 and a 1-year high of $51.61. The company has a 50-day moving average of $46.92 and a two-hundred day moving average of $44.80. The company has a market cap of $5.76 billion, a PE ratio of 8.27 and a beta of 1.20. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings data on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.12. The firm had revenue of $412.34 million during the quarter, compared to analysts’ expectations of $407.19 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. Bank OZK’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.50 EPS. As a group, equities analysts expect that Bank OZK will post 5.97 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 14th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend was Tuesday, January 14th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.41. Bank OZK’s dividend payout ratio is 27.36%.

About Bank OZK

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.