Venturi Wealth Management LLC Acquires 1,287 Shares of Bank OZK (NASDAQ:OZK)

Venturi Wealth Management LLC boosted its stake in shares of Bank OZK (NASDAQ:OZK) by 424.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,590 shares of the company’s stock after purchasing an additional 1,287 shares during the period. Venturi Wealth Management LLC’s holdings in Bank OZK were worth $68,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its position in shares of Bank OZK by 22.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,255 shares of the company’s stock valued at $557,000 after acquiring an additional 2,274 shares during the period. State Board of Administration of Florida Retirement System grew its holdings in Bank OZK by 27.1% during the first quarter. State Board of Administration of Florida Retirement System now owns 140,492 shares of the company’s stock valued at $6,387,000 after purchasing an additional 29,993 shares during the period. M&G Plc purchased a new stake in Bank OZK in the first quarter worth $8,437,000. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Bank OZK by 12.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 62,281 shares of the company’s stock valued at $2,795,000 after buying an additional 7,056 shares during the period. Finally, Ontario Teachers Pension Plan Board lifted its position in shares of Bank OZK by 59.2% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 31,835 shares of the company’s stock valued at $1,447,000 after buying an additional 11,844 shares during the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Bank OZK Trading Down 0.2 %

Bank OZK stock opened at $47.77 on Friday. The stock has a market cap of $5.42 billion, a P/E ratio of 7.86 and a beta of 1.16. Bank OZK has a fifty-two week low of $37.43 and a fifty-two week high of $52.36. The firm’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 0.12, a quick ratio of 1.02 and a current ratio of 1.02.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings results on Thursday, October 17th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.02. Bank OZK had a return on equity of 14.15% and a net margin of 26.07%. The firm had revenue of $423.00 million for the quarter, compared to analysts’ expectations of $419.08 million. Equities research analysts forecast that Bank OZK will post 6.03 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 11th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend was Friday, October 11th. This is a boost from Bank OZK’s previous quarterly dividend of $0.40. Bank OZK’s payout ratio is currently 26.97%.

Analyst Ratings Changes

OZK has been the topic of a number of research reports. Piper Sandler boosted their price objective on Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. StockNews.com raised shares of Bank OZK from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Truist Financial cut their price objective on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a report on Monday, October 21st. Stephens boosted their target price on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Finally, Morgan Stanley raised their price target on Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.