FourThought Financial Partners LLC Has $552,000 Stock Holdings in Bank OZK (NASDAQ:OZK)

FourThought Financial Partners LLC lowered its holdings in shares of Bank OZK (NASDAQ:OZK) by 2.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,076 shares of the company’s stock after selling 329 shares during the period. FourThought Financial Partners LLC’s holdings in Bank OZK were worth $552,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bare Financial Services Inc bought a new stake in shares of Bank OZK during the fourth quarter worth $36,000. SRS Capital Advisors Inc. grew its position in 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 during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in Bank OZK by 601.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,402 shares of the company’s stock worth $69,000 after purchasing an additional 1,202 shares in the last quarter. MCF Advisors LLC bought a new position in Bank OZK in the fourth quarter valued at about $73,000. Finally, Fifth Third Bancorp boosted its stake in shares of Bank OZK by 25.5% during 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 in the last quarter. 86.18% of the stock is currently owned by institutional investors.

Bank OZK Stock Performance

NASDAQ OZK traded up $0.50 during trading on Friday, hitting $46.75. 867,909 shares of the company’s stock traded hands, compared to its average volume of 1,187,970. The stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of 7.83 and a beta of 1.24. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.03 and a current ratio of 1.01. The business has a 50 day moving average of $44.10 and a 200-day moving average of $43.90. Bank OZK has a 12-month low of $30.72 and a 12-month high of $52.36.

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

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 12th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.34%. This is a boost from Bank OZK’s previous quarterly dividend of $0.38. The ex-dividend date was Thursday, April 11th. Bank OZK’s dividend payout ratio is 26.13%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on OZK. Truist Financial dropped their price objective on shares of Bank OZK from $48.00 to $47.00 and set a “hold” rating for the company in a report on Monday, April 22nd. UBS Group downgraded shares of Bank OZK from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Morgan Stanley reiterated an “equal weight” rating and set a $48.00 price objective on shares of Bank OZK in a research report on Monday, April 22nd. Citigroup cut their price target on shares of Bank OZK from $62.00 to $57.00 and set a “buy” rating on the stock in a research report on Wednesday, March 13th. Finally, Keefe, Bruyette & Woods increased their price target on Bank OZK from $45.00 to $47.00 and gave the stock a “market perform” rating in a report on Monday, April 22nd. Two investment 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $49.14.

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.