ProShare Advisors LLC Has $34.13 Million Stake in Bank OZK $OZK

ProShare Advisors LLC reduced its stake in shares of Bank OZK (NASDAQ:OZK) by 14.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 669,549 shares of the company’s stock after selling 114,843 shares during the quarter. ProShare Advisors LLC’s holdings in Bank OZK were worth $34,134,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OZK. Charles Schwab Investment Management Inc. grew its holdings in shares of Bank OZK by 1.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,406,933 shares of the company’s stock worth $207,390,000 after purchasing an additional 56,713 shares during the last quarter. First Trust Advisors LP boosted its position in Bank OZK by 0.3% in the second quarter. First Trust Advisors LP now owns 2,790,739 shares of the company’s stock valued at $131,332,000 after buying an additional 9,540 shares in the last quarter. American Century Companies Inc. grew its stake in Bank OZK by 9.4% during the second quarter. American Century Companies Inc. now owns 2,631,607 shares of the company’s stock worth $123,843,000 after buying an additional 226,315 shares during the last quarter. Van Berkom & Associates Inc. grew its stake in Bank OZK by 0.7% during the third quarter. Van Berkom & Associates Inc. now owns 1,818,447 shares of the company’s stock worth $92,704,000 after buying an additional 12,733 shares during the last quarter. Finally, Senvest Management LLC increased its holdings in shares of Bank OZK by 24.4% during the second quarter. Senvest Management LLC now owns 1,581,582 shares of the company’s stock worth $74,429,000 after buying an additional 310,707 shares in the last quarter. 86.18% of the stock is owned by institutional investors.

Bank OZK Trading Down 1.5%

OZK stock opened at $50.55 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.02 and a debt-to-equity ratio of 0.08. Bank OZK has a twelve month low of $35.71 and a twelve month high of $53.66. The company has a market cap of $5.66 billion, a P/E ratio of 8.19 and a beta of 0.94. The business has a fifty day moving average of $47.78 and a 200-day moving average of $48.41.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings results on Tuesday, January 20th. The company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.03). The firm had revenue of $436.29 million during the quarter, compared to the consensus estimate of $434.68 million. Bank OZK had a net margin of 25.50% and a return on equity of 12.65%. During the same quarter in the prior year, the business earned $1.56 EPS. As a group, equities research analysts expect that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Tuesday, January 13th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.6%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Tuesday, January 13th. Bank OZK’s payout ratio is presently 29.82%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wall Street Zen raised Bank OZK from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. TD Cowen reduced their price objective on Bank OZK from $56.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, January 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Bank OZK in a report on Tuesday, January 27th. Stephens cut their price target on Bank OZK from $64.00 to $62.00 and set an “overweight” rating for the company in a report on Thursday, January 22nd. Finally, Citigroup reiterated a “sell” rating on shares of Bank OZK in a research report on Monday, January 5th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $56.78.

Bank OZK Company Profile

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank’s core operations focus on commercial real estate lending, including acquisition, development and construction financing.