Weybosset Research & Management LLC Increases Stock Holdings in Bank Ozk (NASDAQ:OZK)

Weybosset Research & Management LLC increased its holdings in Bank Ozk (NASDAQ:OZK) by 1.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 200,591 shares of the company’s stock after acquiring an additional 2,108 shares during the quarter. Bank Ozk comprises approximately 3.5% of Weybosset Research & Management LLC’s portfolio, making the stock its 16th biggest position. Weybosset Research & Management LLC owned 0.16% of Bank Ozk worth $6,036,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in OZK. Gradient Investments LLC purchased a new position in Bank Ozk during the second quarter valued at $46,000. Icon Wealth Partners LLC purchased a new position in Bank Ozk during the first quarter valued at $53,000. Quadrant Capital Group LLC lifted its position in Bank Ozk by 57.0% during the first quarter. Quadrant Capital Group LLC now owns 2,819 shares of the company’s stock valued at $76,000 after buying an additional 1,024 shares during the period. Osborn Williams & Donohoe LLC purchased a new position in Bank Ozk during the first quarter valued at $119,000. Finally, Toronto Dominion Bank lifted its position in Bank Ozk by 91.9% during the first quarter. Toronto Dominion Bank now owns 6,944 shares of the company’s stock valued at $201,000 after buying an additional 3,325 shares during the period. 83.80% of the stock is owned by institutional investors.

Several brokerages have commented on OZK. Zacks Investment Research lowered Bank Ozk from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Stephens set a $34.00 price objective on Bank Ozk and gave the company a “hold” rating in a research report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. Bank Ozk has a consensus rating of “Hold” and a consensus price target of $32.55.

Shares of NASDAQ:OZK traded down $1.96 on Thursday, hitting $28.62. 73,819 shares of the company traded hands, compared to its average volume of 912,040. Bank Ozk has a 52 week low of $21.02 and a 52 week high of $41.73. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average price of $29.71. The company has a market capitalization of $3.94 billion, a P/E ratio of 9.13, a PEG ratio of 0.75 and a beta of 1.85.

Bank Ozk (NASDAQ:OZK) last issued its quarterly earnings results on Thursday, July 18th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.01). Bank Ozk had a net margin of 32.47% and a return on equity of 10.72%. The company had revenue of $251.14 million for the quarter, compared to the consensus estimate of $253.45 million. On average, equities analysts anticipate that Bank Ozk will post 3.37 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 12th were issued a dividend of $0.24 per share. The ex-dividend date was Thursday, July 11th. This is an increase from Bank Ozk’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 3.35%. Bank Ozk’s dividend payout ratio (DPR) is presently 29.63%.

Bank Ozk Company Profile

Bank OZK provides retail and commercial banking services to businesses, individuals, and non-profit and governmental entities. The company accepts non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits.

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Institutional Ownership by Quarter for Bank Ozk (NASDAQ:OZK)

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