Cwm LLC Has $944,000 Holdings in Bank OZK (NASDAQ:OZK)

Cwm LLC lifted its position in shares of Bank OZK (NASDAQ:OZK) by 125.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 21,953 shares of the company’s stock after purchasing an additional 12,207 shares during the period. Cwm LLC’s holdings in Bank OZK were worth $944,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC raised its position in Bank OZK by 291.5% during the 2nd quarter. AQR Capital Management LLC now owns 2,371,892 shares of the company’s stock worth $95,848,000 after purchasing an additional 1,765,974 shares during the last quarter. Millennium Management LLC increased its position in Bank OZK by 196.4% during the 2nd 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 during the period. Victory Capital Management Inc. raised its holdings in Bank OZK by 483.9% during the 2nd quarter. Victory Capital Management Inc. now owns 980,358 shares of the company’s stock worth $40,195,000 after purchasing an additional 812,464 shares during the last quarter. Berkley W R Corp bought a new stake in shares of Bank OZK in the 2nd quarter valued at $24,600,000. Finally, Vanguard Group Inc. lifted its holdings in Bank OZK by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 12,028,779 shares of the company’s stock valued at $599,394,000 after buying an additional 502,005 shares during the period. Institutional investors own 86.18% of the company’s stock.

Analyst Ratings Changes

OZK has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price objective on Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Raymond James cut Bank OZK from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 17th. Stephens reiterated an “equal weight” rating and issued a $50.00 price objective on shares of Bank OZK in a research note on Thursday, July 18th. StockNews.com raised shares of Bank OZK from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. Finally, Truist Financial decreased their price target on shares of 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 research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $46.57.

Bank OZK Stock Performance

Shares of OZK stock opened at $46.76 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17. The firm has a fifty day simple moving average of $42.12 and a two-hundred day simple moving average of $43.02. Bank OZK has a 12 month low of $34.76 and a 12 month high of $52.36. The firm has a market capitalization of $5.30 billion, a PE ratio of 7.83 and a beta of 1.17.

Bank OZK (NASDAQ:OZK) last posted its earnings results on Wednesday, July 17th. The company reported $1.52 EPS for the quarter, hitting the consensus estimate of $1.52. Bank OZK had a net margin of 27.04% and a return on equity of 14.50%. The company had revenue of $416.78 million during the quarter, compared to the consensus estimate of $414.39 million. During the same period in the previous year, the firm posted $1.47 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. Analysts forecast that Bank OZK will post 6 EPS for the current fiscal year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 11th will be issued a dividend of $0.41 per share. This is a positive change from Bank OZK’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Friday, October 11th. Bank OZK’s payout ratio is currently 27.47%.

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.