Weybosset Research & Management LLC Has $11.34 Million Holdings in Bank OZK (NASDAQ:OZK)

Weybosset Research & Management LLC decreased its stake in shares of Bank OZK (NASDAQ:OZK) by 3.0% in the 1st quarter, Holdings Channel reports. The fund owned 249,381 shares of the company’s stock after selling 7,625 shares during the quarter. Bank OZK accounts for approximately 4.3% of Weybosset Research & Management LLC’s investment portfolio, making the stock its 11th biggest position. Weybosset Research & Management LLC’s holdings in Bank OZK were worth $11,337,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Principal Securities Inc. acquired a new stake in Bank OZK in the 4th quarter valued at approximately $31,000. Bare Financial Services Inc acquired a new position in Bank OZK during the 4th quarter worth approximately $36,000. SRS Capital Advisors Inc. grew its stake in shares of Bank OZK by 303.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 929 shares of the company’s stock worth $46,000 after acquiring an additional 699 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Bank OZK by 25.5% in the third quarter. Fifth Third Bancorp now owns 1,487 shares of the company’s stock valued at $55,000 after purchasing an additional 302 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in shares of Bank OZK by 601.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,402 shares of the company’s stock valued at $69,000 after purchasing an additional 1,202 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on OZK shares. Keefe, Bruyette & Woods increased their target price on shares of Bank OZK from $45.00 to $47.00 and gave the stock a “market perform” rating in a report on Monday, April 22nd. Raymond James upgraded shares of Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 price objective for the company in a research note on Friday, January 5th. Citigroup lowered their target price on Bank OZK from $62.00 to $57.00 and set a “buy” rating on the stock in a research report on Wednesday, March 13th. Truist Financial reduced their price target on Bank OZK from $48.00 to $47.00 and set a “hold” rating for the company in a research report on Monday, April 22nd. Finally, UBS Group downgraded Bank OZK from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $49.14.

Bank OZK Stock Performance

Shares of Bank OZK stock traded down $0.17 during trading on Monday, hitting $45.85. 1,048,225 shares of the stock were exchanged, compared to its average volume of 1,200,120. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14. The company has a fifty day moving average price of $43.81 and a 200-day moving average price of $43.70. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 7.68 and a beta of 1.27. Bank OZK has a 1-year low of $30.72 and a 1-year high of $52.36.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings results on Thursday, April 18th. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.07. The firm had revenue of $406.02 million for the quarter, compared to the consensus estimate of $396.81 million. Bank OZK had a return on equity of 14.84% and a net margin of 28.54%. During the same quarter in the previous year, the business earned $1.41 earnings per share. As a group, equities analysts predict that Bank OZK will post 6.04 EPS for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 12th were issued a dividend of $0.39 per share. The ex-dividend date was Thursday, April 11th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.40%. Bank OZK’s payout ratio is presently 26.13%.

About Bank OZK

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.