Rice Hall James & Associates LLC Has $12.78 Million Stake in Bank OZK (NASDAQ:OZK)

Rice Hall James & Associates LLC decreased its stake in Bank OZK (NASDAQ:OZK) by 7.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 287,016 shares of the company’s stock after selling 22,335 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Bank OZK were worth $12,781,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP boosted its stake in Bank OZK by 32.7% in the third quarter. Wellington Management Group LLP now owns 4,223,452 shares of the company’s stock worth $181,566,000 after purchasing an additional 1,041,198 shares in the last quarter. Captrust Financial Advisors boosted its stake in Bank OZK by 124.6% in the third quarter. Captrust Financial Advisors now owns 1,698,856 shares of the company’s stock worth $73,034,000 after purchasing an additional 942,309 shares in the last quarter. Senvest Management LLC acquired a new position in Bank OZK in the third quarter worth $22,306,000. State Street Corp boosted its stake in Bank OZK by 7.3% in the third quarter. State Street Corp now owns 7,106,907 shares of the company’s stock worth $305,526,000 after purchasing an additional 485,172 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Bank OZK by 34.8% in the third quarter. Victory Capital Management Inc. now owns 1,321,436 shares of the company’s stock worth $56,809,000 after purchasing an additional 341,078 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Trading Down 1.4 %

NASDAQ OZK opened at $51.86 on Tuesday. The stock has a 50-day simple moving average of $47.58 and a 200 day simple moving average of $45.26. The company has a market capitalization of $5.88 billion, a PE ratio of 8.45 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 has a 12 month low of $37.43 and a 12 month high of $53.64.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings data on Thursday, January 16th. The company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.12. The business had revenue of $412.34 million during the quarter, compared to the consensus estimate of $407.19 million. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.50 earnings per share. Research analysts forecast that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 14th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.24%. This is a boost from Bank OZK’s previous quarterly dividend of $0.41. The ex-dividend date was Tuesday, January 14th. Bank OZK’s payout ratio is presently 27.36%.

Analyst Ratings Changes

OZK has been the subject of a number of recent research reports. UBS Group initiated coverage on Bank OZK in a research report on Tuesday, December 17th. They set a “neutral” rating and a $51.00 target price for the company. Wells Fargo & Company upgraded Bank OZK from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $40.00 to $48.00 in a research report on Tuesday, January 21st. Truist Financial dropped their target price on Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a research report on Monday, October 21st. Finally, Stephens boosted their target price on Bank OZK from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $50.00.

Bank OZK 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.