Bank OZK (NASDAQ:OZK) Shares Sold by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. cut its position in Bank OZK (NASDAQ:OZK) by 10.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,842,486 shares of the company’s stock after selling 209,861 shares during the period. Bank OZK makes up 2.4% of Van Berkom & Associates Inc.’s portfolio, making the stock its 18th biggest holding. Van Berkom & Associates Inc.’s holdings in Bank OZK were worth $82,046,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Bank OZK during the 4th quarter worth approximately $27,000. Kestra Investment Management LLC acquired a new stake in shares of Bank OZK in the fourth quarter valued at $27,000. Assetmark Inc. boosted its holdings in Bank OZK by 73.8% in the third quarter. Assetmark Inc. now owns 968 shares of the company’s stock valued at $42,000 after purchasing an additional 411 shares during the period. V Square Quantitative Management LLC boosted its holdings in Bank OZK by 81.3% in the fourth quarter. V Square Quantitative Management LLC now owns 948 shares of the company’s stock valued at $42,000 after purchasing an additional 425 shares during the period. Finally, Capital Performance Advisors LLP acquired a new position in Bank OZK during the 3rd quarter worth $61,000. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Wall Street Analyst Weigh In

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

Bank OZK Price Performance

OZK stock opened at $49.40 on Friday. The business has a 50 day moving average price of $47.77 and a 200 day moving average price of $45.38. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16. The stock has a market cap of $5.60 billion, a price-to-earnings ratio of 8.05 and a beta of 1.20. Bank OZK has a fifty-two week low of $37.43 and a fifty-two week high of $53.64.

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, topping the consensus estimate 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 net margin of 25.83% and a return on equity of 13.90%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.50 EPS. Equities research analysts anticipate that Bank OZK will post 6.03 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently disclosed 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 annualized dividend and a yield of 3.40%. 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 dividend payout ratio is currently 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.