Inceptionr LLC Sells 4,210 Shares of Bank OZK (NASDAQ:OZK)

Inceptionr LLC cut its holdings in Bank OZK (NASDAQ:OZKFree Report) by 51.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,030 shares of the company’s stock after selling 4,210 shares during the period. Inceptionr LLC’s holdings in Bank OZK were worth $201,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Cambridge Investment Research Advisors Inc. increased its stake in Bank OZK by 10.9% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 21,492 shares of the company’s stock valued at $797,000 after acquiring an additional 2,115 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in Bank OZK during the third quarter valued at about $432,000. Fifth Third Bancorp increased its stake in Bank OZK by 25.5% during the third quarter. Fifth Third Bancorp now owns 1,487 shares of the company’s stock valued at $55,000 after acquiring an additional 302 shares during the period. Teacher Retirement System of Texas increased its stake in Bank OZK by 10.8% during the third quarter. Teacher Retirement System of Texas now owns 32,207 shares of the company’s stock valued at $1,194,000 after acquiring an additional 3,132 shares during the period. Finally, M&T Bank Corp increased its stake in Bank OZK by 1.0% during the third quarter. M&T Bank Corp now owns 46,195 shares of the company’s stock valued at $1,712,000 after acquiring an additional 441 shares during the period. 86.18% of the stock is currently owned by institutional investors.

Bank OZK Stock Up 1.4 %

Shares of OZK opened at $48.50 on Friday. The company has a market capitalization of $5.49 billion, a P/E ratio of 8.12 and a beta of 1.24. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 1.03. Bank OZK has a one year low of $34.03 and a one year high of $52.36. The business’s 50 day simple moving average is $45.00 and its 200-day simple moving average is $44.70.

Bank OZK (NASDAQ:OZKGet Free Report) last posted its quarterly earnings data on Thursday, April 18th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.07. Bank OZK had a net margin of 28.54% and a return on equity of 14.84%. The firm had revenue of $406.02 million during the quarter, compared to analysts’ expectations of $396.81 million. During the same quarter in the previous year, the company posted $1.41 EPS. As a group, sell-side analysts predict that Bank OZK will post 6.07 EPS for the current fiscal year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 12th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Thursday, April 11th. This is a boost from Bank OZK’s previous quarterly dividend of $0.38. Bank OZK’s payout ratio is 26.13%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on OZK shares. Citigroup decreased their price objective on Bank OZK from $62.00 to $57.00 and set a “buy” rating on the stock in a report on Wednesday, March 13th. Truist Financial decreased their price objective on Bank OZK from $48.00 to $47.00 and set a “hold” rating on the stock in a report on Monday, April 22nd. StockNews.com downgraded Bank OZK from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. Morgan Stanley reaffirmed an “equal weight” rating and set a $48.00 price objective on shares of Bank OZK in a report on Monday, April 22nd. Finally, Wells Fargo & Company decreased their price objective on Bank OZK from $41.00 to $39.00 and set an “underweight” rating on the stock in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Bank OZK has a consensus rating of “Hold” and an average target price of $49.14.

Get Our Latest Report on OZK

Bank OZK Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Bank OZK (NASDAQ:OZK)

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