Bank OZK (NASDAQ:OZK) Stake Lessened by Copeland Capital Management LLC

Copeland Capital Management LLC decreased its position in shares of Bank OZK (NASDAQ:OZK) by 33.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,428 shares of the company’s stock after selling 2,275 shares during the period. Copeland Capital Management LLC’s holdings in Bank OZK were worth $197,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in Bank OZK by 30.7% during the third quarter. Barclays PLC now owns 254,874 shares of the company’s stock valued at $10,958,000 after purchasing an additional 59,907 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Bank OZK by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,022,979 shares of the company’s stock valued at $86,989,000 after acquiring an additional 126,352 shares during the last quarter. Verition Fund Management LLC boosted its stake in shares of Bank OZK by 68.6% during the 3rd quarter. Verition Fund Management LLC now owns 34,869 shares of the company’s stock worth $1,499,000 after acquiring an additional 14,189 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of Bank OZK by 112.8% in the 3rd quarter. Cerity Partners LLC now owns 51,717 shares of the company’s stock worth $2,223,000 after acquiring an additional 27,409 shares during the last quarter. Finally, Captrust Financial Advisors raised its position in shares of Bank OZK by 124.6% during the third quarter. Captrust Financial Advisors now owns 1,698,856 shares of the company’s stock worth $73,034,000 after purchasing an additional 942,309 shares during the period. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Bank OZK Stock Performance

Shares of NASDAQ OZK opened at $50.79 on Monday. 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 one year low of $37.43 and a one year high of $51.61. The business’s 50-day moving average price is $46.92 and its two-hundred day moving average price is $44.80. The company has a market capitalization of $5.76 billion, a P/E ratio of 8.27 and a beta of 1.20.

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

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.31%. The ex-dividend date was Tuesday, January 14th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.41. Bank OZK’s payout ratio is presently 27.36%.

Analyst Upgrades and Downgrades

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

Bank OZK 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.