Bank OZK $OZK Stock Holdings Decreased by ProShare Advisors LLC

ProShare Advisors LLC lessened its position in shares of Bank OZK (NASDAQ:OZK) by 1.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 534,796 shares of the company’s stock after selling 10,333 shares during the quarter. ProShare Advisors LLC owned approximately 0.48% of Bank OZK worth $24,579,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp purchased a new position in Bank OZK during the 2nd quarter valued at about $63,410,000. Quantinno Capital Management LP raised its position in Bank OZK by 41.7% during the first quarter. Quantinno Capital Management LP now owns 929,888 shares of the company’s stock worth $42,673,000 after acquiring an additional 273,543 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Bank OZK in the second quarter valued at about $14,038,000. Ranger Investment Management L.P. purchased a new stake in shares of Bank OZK in the second quarter valued at about $13,240,000. Finally, Bank of America Corp DE lifted its holdings in shares of Bank OZK by 33.0% in the first quarter. Bank of America Corp DE now owns 774,253 shares of the company’s stock valued at $35,530,000 after purchasing an additional 192,237 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on OZK shares. TD Cowen lowered their price target on shares of Bank OZK from $52.00 to $50.00 and set a “hold” rating on the stock in a research report on Monday, October 5th. UBS Group lifted their price objective on Bank OZK from $50.00 to $51.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. Wall Street Zen raised Bank OZK from a “sell” rating to a “hold” rating in a research note on Sunday, September 27th. Morgan Stanley increased their target price on Bank OZK from $56.00 to $57.00 and gave the company an “underweight” rating in a report on Monday, September 28th. Finally, Weiss Ratings raised Bank OZK from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $55.14.

Bank OZK Stock Up 2.6%

Shares of NASDAQ OZK opened at $51.96 on Tuesday. Bank OZK has a 1 year low of $42.37 and a 1 year high of $53.39. The firm’s 50 day moving average price is $47.90 and its 200 day moving average price is $48.50. The firm has a market cap of $5.81 billion, a P/E ratio of 8.47 and a beta of 0.92. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 0.98.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.07. Bank OZK had a return on equity of 11.56% and a net margin of 24.70%. The company had revenue of $391.48 million during the quarter, compared to the consensus estimate of $434.83 million. During the same period in the previous year, the firm posted $1.59 EPS. As a group, sell-side analysts anticipate that Bank OZK will post 5.91 earnings per share for the current year.

Bank OZK Increases Dividend

The firm 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 is an increase from Bank OZK’s previous quarterly dividend of $0.48. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Tuesday, October 13th. Bank OZK’s dividend payout ratio (DPR) is presently 32.89%.

Bank OZK Profile

Bank OZK (NASDAQ:OZK) is a regional financial institution headquartered in Little Rock, Arkansas. The company provides banking services to individuals, businesses and institutions, including deposit accounts, commercial and consumer loans, mortgage lending, treasury management and online and mobile banking.

Bank OZK also operates specialized lending businesses, including its Real Estate Specialties Group, which provides financing for commercial real estate development and other complex real estate projects.