Simmons Bank Has $1.96 Million Stock Holdings in Bank OZK (NASDAQ:OZK)

Simmons Bank reduced its position in shares of Bank OZK (NASDAQ:OZK) by 11.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 39,350 shares of the company’s stock after selling 4,989 shares during the quarter. Simmons Bank’s holdings in Bank OZK were worth $1,961,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Jupiter Asset Management Ltd. grew its stake in shares of Bank OZK by 423.9% during the third quarter. Jupiter Asset Management Ltd. now owns 1,085,368 shares of the company’s stock worth $40,235,000 after purchasing an additional 878,212 shares during the period. Van Berkom & Associates Inc. increased its stake in shares of Bank OZK by 18.1% in the 3rd quarter. Van Berkom & Associates Inc. now owns 2,031,518 shares of the company’s stock valued at $75,308,000 after acquiring an additional 311,293 shares during the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of Bank OZK in the 3rd quarter valued at approximately $10,788,000. Schonfeld Strategic Advisors LLC boosted its stake in Bank OZK by 86.2% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 605,606 shares of the company’s stock worth $22,450,000 after acquiring an additional 280,392 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Bank OZK by 33.2% during the third quarter. American Century Companies Inc. now owns 716,297 shares of the company’s stock valued at $26,553,000 after purchasing an additional 178,620 shares during the period. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OZK has been the topic of several analyst reports. Wells Fargo & Company cut their target price on shares of Bank OZK from $41.00 to $39.00 and set an “underweight” rating on the stock in a report on Thursday, February 1st. StockNews.com cut Bank OZK from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd. Truist Financial dropped their price target on Bank OZK from $48.00 to $47.00 and set a “hold” rating on the stock in a research report on Monday, April 22nd. UBS Group cut Bank OZK from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Bank OZK from $45.00 to $47.00 and gave the company a “market perform” rating in a research note on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $49.14.

Bank OZK Stock Down 0.6 %

Shares of OZK stock traded down $0.28 during trading on Tuesday, reaching $47.27. The company’s stock had a trading volume of 938,826 shares, compared to its average volume of 1,185,853. The company has a market cap of $5.35 billion, a price-to-earnings ratio of 7.92 and a beta of 1.24. Bank OZK has a one year low of $30.72 and a one year high of $52.36. The business has a fifty day moving average price of $44.29 and a 200-day moving average price of $44.12. The company has a quick ratio of 1.03, a current ratio of 1.01 and a debt-to-equity ratio of 0.14.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings data on Thursday, April 18th. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.07. The company had revenue of $406.02 million during the quarter, compared to the consensus estimate of $396.81 million. Bank OZK had a net margin of 28.54% and a return on equity of 14.84%. During the same period in the prior year, the business posted $1.41 EPS. Analysts anticipate that Bank OZK will post 6.04 earnings per share for the current year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 12th were paid a $0.39 dividend. The ex-dividend date was Thursday, April 11th. This is a boost from Bank OZK’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a dividend yield of 3.30%. Bank OZK’s dividend payout ratio (DPR) is currently 26.13%.

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.