Mendel Capital Management LLC Sells 505 Shares of Bank OZK (NASDAQ:OZK)

Mendel Capital Management LLC lessened its position in shares of Bank OZK (NASDAQ:OZK) by 8.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,194 shares of the company’s stock after selling 505 shares during the period. Mendel Capital Management LLC’s holdings in Bank OZK were worth $223,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its holdings in Bank OZK by 291.5% during the 2nd quarter. AQR Capital Management LLC now owns 2,371,892 shares of the company’s stock worth $95,848,000 after purchasing an additional 1,765,974 shares in the last quarter. Van Berkom & Associates Inc. increased its holdings in Bank OZK by 2.0% during the 2nd quarter. Van Berkom & Associates Inc. now owns 2,024,130 shares of the company’s stock worth $82,989,000 after purchasing an additional 40,356 shares in the last quarter. American Century Companies Inc. increased its holdings in Bank OZK by 21.9% during the 2nd quarter. American Century Companies Inc. now owns 1,642,293 shares of the company’s stock worth $67,334,000 after purchasing an additional 295,298 shares in the last quarter. Millennium Management LLC increased its holdings in Bank OZK by 196.4% during the 2nd quarter. Millennium Management LLC now owns 1,365,393 shares of the company’s stock worth $55,981,000 after purchasing an additional 904,782 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Bank OZK by 34.8% during the 3rd quarter. Victory Capital Management Inc. now owns 1,321,436 shares of the company’s stock worth $56,809,000 after buying an additional 341,078 shares during the last quarter. Institutional investors own 86.18% of the company’s stock.

Bank OZK Stock Performance

Shares of OZK opened at $48.49 on Monday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $5.50 billion, a P/E ratio of 7.98 and a beta of 1.16. The firm’s fifty day simple moving average is $43.65 and its two-hundred day simple moving average is $43.19. Bank OZK has a 12 month low of $37.43 and a 12 month high of $52.36.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Thursday, October 17th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. The business had revenue of $423.00 million for the quarter, compared to analysts’ expectations of $419.08 million. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%. As a group, analysts predict that Bank OZK will post 6.03 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 11th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend was Friday, October 11th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.40. Bank OZK’s dividend payout ratio is currently 26.97%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Morgan Stanley raised their target price on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Piper Sandler raised their target price on shares of Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Truist Financial decreased their price objective 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. Stephens boosted their price objective on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Finally, Raymond James downgraded shares of Bank OZK from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 17th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $48.50.

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.