Amalgamated Bank Has $2.17 Million Position in Bank OZK (NASDAQ:OZK)

Amalgamated Bank cut its stake in shares of Bank OZK (NASDAQ:OZK) by 24.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,380 shares of the company’s stock after selling 15,939 shares during the period. Amalgamated Bank’s holdings in Bank OZK were worth $2,166,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. AQR Capital Management LLC boosted its stake in shares of Bank OZK by 291.5% in the 2nd quarter. AQR Capital Management LLC now owns 2,371,892 shares of the company’s stock valued at $95,848,000 after purchasing an additional 1,765,974 shares in the last quarter. Van Berkom & Associates Inc. raised its position in Bank OZK by 2.0% in the second quarter. Van Berkom & Associates Inc. now owns 2,024,130 shares of the company’s stock valued at $82,989,000 after purchasing an additional 40,356 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Bank OZK by 21.9% during the second quarter. American Century Companies Inc. now owns 1,642,293 shares of the company’s stock valued at $67,334,000 after purchasing an additional 295,298 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Bank OZK by 196.4% during the second quarter. Millennium Management LLC now owns 1,365,393 shares of the company’s stock valued at $55,981,000 after purchasing an additional 904,782 shares in the last quarter. Finally, Newport Trust Company LLC increased its stake in shares of Bank OZK by 2.0% in the second quarter. Newport Trust Company LLC now owns 1,147,350 shares of the company’s stock valued at $47,041,000 after buying an additional 22,819 shares during the period. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Bank OZK Trading Up 4.5 %

Shares of Bank OZK stock opened at $48.57 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.02 and a quick ratio of 1.02. Bank OZK has a 1 year low of $36.99 and a 1 year high of $52.36. The firm has a market cap of $5.51 billion, a PE ratio of 7.99 and a beta of 1.16. The company has a 50 day simple moving average of $43.00 and a two-hundred day simple moving average of $43.08.

Bank OZK (NASDAQ:OZK) last released its earnings results on Thursday, October 17th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.02. The company had revenue of $423.00 million during the quarter, compared to the consensus estimate of $419.08 million. Bank OZK had a return on equity of 14.15% and a net margin of 26.07%. Analysts expect that Bank OZK will post 6.01 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 11th were issued a $0.41 dividend. This is a boost from Bank OZK’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.64 annualized dividend and a dividend yield of 3.38%. Bank OZK’s dividend payout ratio (DPR) is currently 26.97%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on OZK. Raymond James lowered shares of Bank OZK from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 17th. Piper Sandler raised their price objective on Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. StockNews.com upgraded Bank OZK from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Truist Financial dropped 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 report on Monday, October 21st. Finally, Morgan Stanley upped their price objective on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Bank OZK presently has an average rating of “Hold” and a consensus target price of $48.50.

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.