Bank OZK (NASDAQ:OZK) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its position in shares of Bank OZK (NASDAQ:OZK) by 27.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 134,793 shares of the company’s stock after selling 52,227 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Bank OZK were worth $6,002,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of OZK. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Bank OZK in the 4th quarter valued at approximately $27,000. Kestra Investment Management LLC bought a new stake in Bank OZK during the fourth quarter valued at $27,000. Smartleaf Asset Management LLC raised its holdings in shares of Bank OZK by 176.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 761 shares of the company’s stock worth $34,000 after purchasing an additional 486 shares during the period. V Square Quantitative Management LLC lifted its position in shares of Bank OZK by 81.3% in the 4th quarter. V Square Quantitative Management LLC now owns 948 shares of the company’s stock worth $42,000 after buying an additional 425 shares during the last quarter. Finally, New Wave Wealth Advisors LLC acquired a new position in shares of Bank OZK in the 4th quarter valued at about $93,000. Institutional investors own 86.18% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on OZK. UBS Group assumed coverage on shares of Bank OZK in a research note on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price objective on the stock. Morgan Stanley dropped their price target on Bank OZK from $58.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 13th. Wells Fargo & Company upgraded Bank OZK from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $40.00 to $48.00 in a research report on Tuesday, January 21st. Finally, Stephens increased 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 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.com, Bank OZK presently has an average rating of “Hold” and an average target price of $50.38.

Bank OZK Stock Up 0.4 %

Shares of Bank OZK stock opened at $44.31 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. Bank OZK has a 1-year low of $37.43 and a 1-year high of $53.64. The business’s fifty day moving average price is $48.23 and its two-hundred day moving average price is $45.97. The company has a market capitalization of $5.03 billion, a P/E ratio of 7.22 and a beta of 1.23.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.12. The business had revenue of $412.34 million for 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%. The company’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.50 earnings per share. As a group, research analysts forecast that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 14th were issued a $0.42 dividend. The ex-dividend date of this dividend was Tuesday, January 14th. This is a boost from Bank OZK’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a dividend yield of 3.79%. Bank OZK’s dividend payout ratio (DPR) is 27.36%.

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.