Mutual of America Capital Management LLC Sells 3,385 Shares of Bank OZK (NASDAQ:OZK)

Mutual of America Capital Management LLC trimmed its holdings in shares of Bank OZK (NASDAQ:OZK) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 65,118 shares of the company’s stock after selling 3,385 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.06% of Bank OZK worth $3,245,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in OZK. Cambridge Investment Research Advisors Inc. grew its position in Bank OZK by 74.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,606 shares of the company’s stock valued at $538,000 after buying an additional 5,383 shares during the period. Bank of Montreal Can grew its position in Bank OZK by 2.1% during the first quarter. Bank of Montreal Can now owns 62,797 shares of the company’s stock valued at $2,738,000 after buying an additional 1,308 shares during the period. MetLife Investment Management LLC grew its position in Bank OZK by 33.5% during the first quarter. MetLife Investment Management LLC now owns 78,203 shares of the company’s stock valued at $3,339,000 after buying an additional 19,621 shares during the period. Rhumbline Advisers grew its position in Bank OZK by 0.4% during the first quarter. Rhumbline Advisers now owns 328,506 shares of the company’s stock valued at $14,027,000 after buying an additional 1,212 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Bank OZK by 10.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 44,341 shares of the company’s stock valued at $1,893,000 after buying an additional 4,262 shares during the period. 86.18% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on OZK shares. UBS Group downgraded shares of Bank OZK from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Raymond James raised shares of Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 price target on the stock in a report on Friday, January 5th. Wells Fargo & Company lowered their price target on shares of Bank OZK from $41.00 to $39.00 and set an “underweight” rating on the stock in a report on Thursday, February 1st. StockNews.com downgraded shares of Bank OZK from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. Finally, Citigroup lowered their price target on shares of Bank OZK from $62.00 to $57.00 and set a “buy” rating on the stock in a report on Wednesday, March 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $48.14.

Bank OZK Price Performance

OZK stock opened at $41.82 on Thursday. Bank OZK has a one year low of $30.72 and a one year high of $52.36. The company’s fifty day moving average price is $43.34 and its 200-day moving average price is $43.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $4.73 billion, a PE ratio of 7.12 and a beta of 1.27.

Bank OZK (NASDAQ:OZK) last released its earnings results on Friday, January 19th. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.46 by $0.04. Bank OZK had a net margin of 30.69% and a return on equity of 15.13%. The firm had revenue of $407.58 million for the quarter, compared to the consensus estimate of $396.54 million. During the same quarter in the previous year, the firm earned $1.34 earnings per share. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. On average, equities analysts anticipate that Bank OZK will post 5.87 EPS for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Friday, April 12th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.73%. The ex-dividend date is Thursday, April 11th. This is a boost from Bank OZK’s previous quarterly dividend of $0.38. Bank OZK’s payout ratio is currently 26.58%.

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.