FourThought Financial Partners LLC Sells 231 Shares of Bank OZK (NASDAQ:OZK)

FourThought Financial Partners LLC cut its holdings in shares of Bank OZK (NASDAQ:OZK) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,665 shares of the company’s stock after selling 231 shares during the quarter. FourThought Financial Partners LLC’s holdings in Bank OZK were worth $564,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. State Street Corp increased its stake in Bank OZK by 7.3% in the third quarter. State Street Corp now owns 7,106,907 shares of the company’s stock valued at $305,526,000 after acquiring an additional 485,172 shares during the last quarter. Wellington Management Group LLP increased its stake in Bank OZK by 32.7% in the third quarter. Wellington Management Group LLP now owns 4,223,452 shares of the company’s stock valued at $181,566,000 after acquiring an additional 1,041,198 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Bank OZK by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,941,431 shares of the company’s stock valued at $169,442,000 after acquiring an additional 112,648 shares during the last quarter. Geode Capital Management LLC increased its stake in Bank OZK by 6.7% in the third 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. Finally, Captrust Financial Advisors increased its stake in Bank OZK by 124.6% in the third quarter. Captrust Financial Advisors now owns 1,698,856 shares of the company’s stock valued at $73,034,000 after acquiring an additional 942,309 shares during the last quarter. 86.18% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

OZK has been the topic of a number of research analyst reports. Stephens raised their target price on shares of Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. Wells Fargo & Company upgraded shares of Bank OZK from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $40.00 to $48.00 in a research report on Tuesday, January 21st. Finally, UBS Group initiated coverage on shares of Bank OZK in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $50.00.

Bank OZK Price Performance

Shares of NASDAQ:OZK opened at $48.02 on Wednesday. The firm has a market cap of $5.45 billion, a PE ratio of 7.82 and a beta of 1.20. The firm’s fifty day moving average is $47.80 and its 200-day moving average is $45.58. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.03. Bank OZK has a 52 week low of $37.43 and a 52 week high of $53.64.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Thursday, January 16th. The company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.12. The company had revenue of $412.34 million for the quarter, compared to analyst estimates of $407.19 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. Bank OZK’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.50 earnings per share. Sell-side analysts predict that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 14th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.50%. 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 27.36%.

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.