Pathway Financial Advisers LLC Has $60,000 Stock Position in Bank OZK (NASDAQ:OZK)

Pathway Financial Advisers LLC reduced its position in Bank OZK (NASDAQ:OZK) by 97.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,349 shares of the company’s stock after selling 56,106 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Bank OZK were worth $60,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in OZK. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Bank OZK during the fourth quarter worth $27,000. Assetmark Inc. raised its holdings in shares of Bank OZK by 73.8% during the 3rd quarter. Assetmark Inc. now owns 968 shares of the company’s stock worth $42,000 after buying an additional 411 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Bank OZK during the 3rd quarter worth $61,000. Venturi Wealth Management LLC lifted its position in shares of Bank OZK by 424.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,590 shares of the company’s stock worth $68,000 after buying an additional 1,287 shares during the last quarter. Finally, New Wave Wealth Advisors LLC acquired a new stake in Bank OZK in the fourth quarter valued at about $93,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Bank OZK Trading Up 0.2 %

NASDAQ:OZK opened at $52.62 on Friday. Bank OZK has a 52 week low of $37.43 and a 52 week high of $53.64. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.03. The firm’s fifty day moving average is $47.29 and its 200-day moving average is $45.14. The firm has a market cap of $5.97 billion, a P/E ratio of 8.57 and a beta of 1.20.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.12. The firm 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 business’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $1.50 EPS. Equities analysts expect that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend was Tuesday, January 14th. This is an increase from Bank OZK’s previous quarterly dividend of $0.41. Bank OZK’s payout ratio is presently 27.36%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on OZK shares. Truist Financial reduced their price target on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a research note on Monday, October 21st. UBS Group assumed coverage on Bank OZK in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price target for the company. Piper Sandler increased their target price 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 upgraded shares of Bank OZK from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $40.00 to $48.00 in a research report on Tuesday, January 21st. Finally, Stephens upped their price target on shares of Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Bank OZK presently has an average rating of “Hold” and an average price target of $50.00.

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.