Yousif Capital Management LLC Cuts Stake in Bank OZK $OZK

Yousif Capital Management LLC lowered its holdings in shares of Bank OZK (NASDAQ:OZK) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,384 shares of the company’s stock after selling 748 shares during the quarter. Yousif Capital Management LLC’s holdings in Bank OZK were worth $1,665,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. grew its position in shares of Bank OZK by 4.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 23,693 shares of the company’s stock worth $1,029,000 after purchasing an additional 1,086 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Bank OZK by 55.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 129,980 shares of the company’s stock worth $5,639,000 after purchasing an additional 46,349 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Bank OZK by 2.1% during the first quarter. Bank of New York Mellon Corp now owns 1,127,576 shares of the company’s stock worth $48,993,000 after purchasing an additional 23,492 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Bank OZK by 13.4% during the first quarter. PNC Financial Services Group Inc. now owns 6,614 shares of the company’s stock worth $287,000 after purchasing an additional 782 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Bank OZK by 16.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 72,865 shares of the company’s stock valued at $3,166,000 after buying an additional 10,229 shares in the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Bank OZK Price Performance

Shares of Bank OZK stock opened at $45.96 on Monday. The stock has a market cap of $5.23 billion, a price-to-earnings ratio of 7.41 and a beta of 0.88. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.04 and a current ratio of 1.03. The stock has a 50 day moving average price of $51.20 and a 200-day moving average price of $47.70. Bank OZK has a one year low of $35.71 and a one year high of $53.66.

Bank OZK (NASDAQ:OZK) last announced its earnings results on Thursday, October 16th. The company reported $1.59 EPS for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.07). The company had revenue of $449.94 million during the quarter, compared to analysts’ expectations of $447.93 million. Bank OZK had a return on equity of 13.00% and a net margin of 25.81%.During the same quarter last year, the firm posted $1.55 EPS. Equities analysts expect that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 14th will be issued a $0.45 dividend. This is a positive change from Bank OZK’s previous quarterly dividend of $0.44. The ex-dividend date is Tuesday, October 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.9%. Bank OZK’s dividend payout ratio (DPR) is presently 29.03%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on OZK shares. TD Cowen started coverage on Bank OZK in a report on Thursday, September 25th. They set a “buy” rating and a $67.00 price target for the company. Cowen started coverage on Bank OZK in a report on Wednesday, September 24th. They set a “buy” rating for the company. Raymond James Financial upgraded Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 price target for the company in a report on Tuesday, July 8th. Weiss Ratings restated a “buy (b)” rating on shares of Bank OZK in a report on Wednesday, October 8th. Finally, Wells Fargo & Company raised their price target on Bank OZK from $49.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, September 29th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $57.22.

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.