Bank OZK (NASDAQ:OZK) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC cut its position in Bank OZK (NASDAQ:OZK) by 1.7% during the second quarter, HoldingsChannel.com reports. The fund owned 476,199 shares of the company’s stock after selling 8,272 shares during the period. Clearbridge Investments LLC’s holdings in Bank OZK were worth $19,524,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. LRI Investments LLC purchased a new position in Bank OZK in the 1st quarter worth approximately $29,000. PSI Advisors LLC lifted its position in Bank OZK by 20,933.3% during the second quarter. PSI Advisors LLC now owns 631 shares of the company’s stock worth $26,000 after buying an additional 628 shares in the last quarter. Versant Capital Management Inc lifted its position in Bank OZK by 423.0% during the second quarter. Versant Capital Management Inc now owns 978 shares of the company’s stock worth $40,000 after buying an additional 791 shares in the last quarter. Innealta Capital LLC acquired a new position in Bank OZK during the second quarter worth $46,000. Finally, Abich Financial Wealth Management LLC purchased a new stake in Bank OZK in the 2nd quarter valued at $49,000. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on OZK shares. Morgan Stanley lifted their price target on Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. StockNews.com upgraded shares of Bank OZK from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Stephens reissued an “equal weight” rating and issued a $50.00 price target on shares of Bank OZK in a research note on Thursday, July 18th. Raymond James lowered shares of Bank OZK from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. Finally, Truist Financial cut their target price on Bank OZK from $49.00 to $48.00 and set a “hold” rating for the company in a research note on Friday, September 20th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $46.57.

Bank OZK Stock Performance

NASDAQ:OZK opened at $42.25 on Friday. The stock has a market capitalization of $4.79 billion, a P/E ratio of 7.08 and a beta of 1.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.02. Bank OZK has a fifty-two week low of $34.76 and a fifty-two week high of $52.36. The company has a 50 day moving average price of $42.11 and a 200 day moving average price of $43.07.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings results on Wednesday, July 17th. The company reported $1.52 EPS for the quarter, hitting the consensus estimate of $1.52. The business had revenue of $416.78 million during the quarter, compared to analyst estimates of $414.39 million. Bank OZK had a return on equity of 14.50% and a net margin of 27.04%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the business posted $1.47 earnings per share. Equities research analysts forecast that Bank OZK will post 5.97 EPS for the current year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 11th will be given a $0.41 dividend. This is an increase from Bank OZK’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 3.88%. The ex-dividend date is Friday, October 11th. Bank OZK’s payout ratio is currently 26.80%.

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.