Caitlin John LLC Lowers Stock Position in Bank OZK (NASDAQ:OZK)

Caitlin John LLC cut its stake in shares of Bank OZK (NASDAQ:OZK) by 8.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,511 shares of the company’s stock after selling 773 shares during the quarter. Caitlin John LLC’s holdings in Bank OZK were worth $379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Choreo LLC bought a new stake in shares of Bank OZK during the 4th quarter worth $277,000. Money Concepts Capital Corp boosted its holdings in shares of Bank OZK by 1.4% in the 4th quarter. Money Concepts Capital Corp now owns 70,586 shares of the company’s stock worth $3,143,000 after purchasing an additional 944 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Bank OZK by 18.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 76,375 shares of the company’s stock valued at $3,404,000 after purchasing an additional 12,048 shares during the last quarter. KG&L Capital Management LLC raised its holdings in shares of Bank OZK by 3.5% during the 4th quarter. KG&L Capital Management LLC now owns 24,523 shares of the company’s stock valued at $1,090,000 after buying an additional 818 shares in the last quarter. Finally, New Wave Wealth Advisors LLC bought a new stake in Bank OZK in the 4th quarter worth approximately $93,000. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Bank OZK Stock Up 2.2 %

Shares of NASDAQ:OZK opened at $51.97 on Thursday. The stock’s 50-day moving average is $46.96 and its 200 day moving average is $44.92. The company has a market cap of $5.90 billion, a PE ratio of 8.46 and a beta of 1.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. Bank OZK has a 1 year low of $37.43 and a 1 year high of $52.03.

Bank OZK (NASDAQ:OZK) last posted its earnings results on Thursday, January 16th. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.12. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The firm had revenue of $412.34 million for the quarter, compared to analysts’ expectations of $407.19 million. During the same period in the previous year, the firm earned $1.50 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. Sell-side analysts anticipate that Bank OZK will post 5.97 EPS for the current year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 14th were issued a $0.42 dividend. The ex-dividend date of this dividend was Tuesday, January 14th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a yield of 3.23%. Bank OZK’s dividend payout ratio is 27.36%.

Analyst Upgrades and Downgrades

Several research analysts have commented on OZK shares. UBS Group began coverage on shares of Bank OZK in a research note on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price target on the stock. Wells Fargo & Company upgraded shares of Bank OZK from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $40.00 to $48.00 in a research report on Tuesday, January 21st. Piper Sandler upped their price target on shares of Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Truist Financial decreased their price objective on Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a report on Monday, October 21st. Finally, Stephens boosted their target price on Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $50.00.

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.