Savant Capital LLC Cuts Stock Position in Bank OZK $OZK

Savant Capital LLC lessened its stake in shares of Bank OZK (NASDAQ:OZK) by 91.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,350 shares of the company’s stock after selling 47,450 shares during the quarter. Savant Capital LLC’s holdings in Bank OZK were worth $200,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in shares of Bank OZK during the fourth quarter worth approximately $25,000. BOKF NA purchased a new stake in shares of Bank OZK during the third quarter worth approximately $27,000. Bayforest Capital Ltd raised its stake in shares of Bank OZK by 100.5% during the fourth quarter. Bayforest Capital Ltd now owns 766 shares of the company’s stock worth $35,000 after purchasing an additional 384 shares during the last quarter. Employees Retirement System of Texas purchased a new stake in shares of Bank OZK during the third quarter worth approximately $51,000. Finally, Hantz Financial Services Inc. raised its stake in shares of Bank OZK by 96.3% during the third quarter. Hantz Financial Services Inc. now owns 1,158 shares of the company’s stock worth $59,000 after purchasing an additional 568 shares during the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Bank OZK Trading Up 0.6%

Shares of OZK stock opened at $49.91 on Tuesday. The business’s fifty day moving average price is $47.76 and its 200 day moving average price is $47.32. Bank OZK has a 1-year low of $42.37 and a 1-year high of $53.66. The firm has a market capitalization of $5.58 billion, a PE ratio of 8.13 and a beta of 0.90. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.00 and a quick ratio of 1.00.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.02). The business had revenue of $424.32 million for the quarter, compared to analyst estimates of $422.62 million. Bank OZK had a return on equity of 12.32% and a net margin of 25.27%.The company’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.47 EPS. As a group, sell-side analysts forecast that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 20th. Shareholders of record on Monday, April 13th were issued a $0.47 dividend. The ex-dividend date of this dividend was Monday, April 13th. This represents a $1.88 annualized dividend and a yield of 3.8%. Bank OZK’s dividend payout ratio is 30.62%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. UBS Group assumed coverage on Bank OZK in a research note on Tuesday, April 7th. They set a “neutral” rating and a $48.00 price target for the company. Wells Fargo & Company upped their price objective on Bank OZK from $48.00 to $50.00 and gave the stock an “equal weight” rating in a report on Monday, March 30th. Weiss Ratings lowered Bank OZK from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Wall Street Zen raised Bank OZK from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Finally, Morgan Stanley upped their price objective on Bank OZK from $57.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, March 2nd. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Bank OZK currently has an average rating of “Hold” and an average target price of $56.89.

About Bank OZK

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.