Federated Hermes Inc. Sells 1,257 Shares of Bank OZK (NASDAQ:OZK)

Federated Hermes Inc. lessened its position in shares of Bank OZK (NASDAQ:OZK) by 9.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,771 shares of the company’s stock after selling 1,257 shares during the period. Federated Hermes Inc.’s holdings in Bank OZK were worth $587,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of OZK. Fifth Third Bancorp raised its stake in Bank OZK by 25.5% in 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. Vest Financial LLC bought a new stake in shares of Bank OZK during the 4th quarter worth $235,000. Dfpg Investments LLC purchased a new position in Bank OZK in the fourth quarter worth $231,000. Arcus Capital Partners LLC bought a new position in Bank OZK in the fourth quarter valued at $269,000. Finally, Moody Lynn & Lieberson LLC purchased a new stake in Bank OZK during the fourth quarter valued at about $271,000. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Bank OZK Stock Up 1.1 %

Shares of NASDAQ:OZK opened at $46.75 on Friday. Bank OZK has a 1 year low of $30.72 and a 1 year high of $52.36. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 1.03. The stock’s 50-day moving average is $44.10 and its 200 day moving average is $43.85. The company has a market cap of $5.29 billion, a PE ratio of 7.83 and a beta of 1.24.

Bank OZK (NASDAQ:OZK) last posted its earnings results on Thursday, April 18th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.07. Bank OZK had a return on equity of 14.84% and a net margin of 28.54%. The firm had revenue of $406.02 million for the quarter, compared to analysts’ expectations of $396.81 million. During the same period in the previous year, the firm earned $1.41 earnings per share. Sell-side analysts anticipate that Bank OZK will post 6.04 EPS for the current year.

Bank OZK Increases Dividend

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

Analysts Set New Price Targets

OZK has been the topic of several recent research reports. StockNews.com lowered Bank OZK from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. Keefe, Bruyette & Woods lifted their price target on shares of Bank OZK from $45.00 to $47.00 and gave the stock a “market perform” rating in a research note on Monday, April 22nd. UBS Group cut shares of Bank OZK from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Truist Financial decreased their target price on shares of Bank OZK from $48.00 to $47.00 and set a “hold” rating on the stock in a research report on Monday, April 22nd. Finally, Raymond James raised shares of Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 price target for the company in a research note on Friday, January 5th. 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’s stock. Based on data from MarketBeat.com, Bank OZK currently has a consensus rating of “Hold” and a consensus 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.