Hancock Whitney Corp Has $1.12 Million Stock Position in Bank OZK (NASDAQ:OZK)

Hancock Whitney Corp trimmed its holdings in shares of Bank OZK (NASDAQ:OZK) by 9.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,576 shares of the company’s stock after selling 2,620 shares during the period. Hancock Whitney Corp’s holdings in Bank OZK were worth $1,117,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its stake in Bank OZK by 136.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 359,814 shares of the company’s stock valued at $17,930,000 after purchasing an additional 207,341 shares in the last quarter. Pinebridge Investments L.P. grew its stake in Bank OZK by 77.3% in the fourth quarter. Pinebridge Investments L.P. now owns 188,600 shares of the company’s stock valued at $9,397,000 after purchasing an additional 82,233 shares in the last quarter. M&G Plc bought a new stake in shares of Bank OZK during the 1st quarter worth about $8,437,000. State Board of Administration of Florida Retirement System boosted its stake in shares of Bank OZK by 27.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 140,492 shares of the company’s stock worth $6,387,000 after acquiring an additional 29,993 shares in the last quarter. Finally, Natixis bought a new stake in shares of Bank OZK during the 1st quarter worth about $868,000. 86.18% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Truist Financial upped their price target on Bank OZK from $41.00 to $49.00 and gave the stock a “hold” rating in a research note on Monday, July 22nd. StockNews.com upgraded Bank OZK from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. Keefe, Bruyette & Woods increased their target price on Bank OZK from $45.00 to $47.00 and gave the company a “market perform” rating in a research note on Monday, April 22nd. Wells Fargo & Company decreased their target price on Bank OZK from $39.00 to $35.00 and set an “underweight” rating for the company in a research note on Thursday, June 6th. Finally, Citigroup downgraded Bank OZK from a “buy” rating to a “sell” rating and decreased their target price for the company from $57.00 to $37.00 in a research note on Wednesday, May 29th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $46.29.

Bank OZK Price Performance

NASDAQ OZK traded down $2.38 during trading hours on Friday, reaching $42.41. 266,523 shares of the company’s stock were exchanged, compared to its average volume of 1,311,483. The stock has a market cap of $4.81 billion, a PE ratio of 7.50 and a beta of 1.20. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average of $41.95 and a 200-day moving average of $43.84. Bank OZK has a one year low of $34.76 and a one year high of $52.36.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings results on Wednesday, July 17th. The company reported $1.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.52. Bank OZK had a return on equity of 14.50% and a net margin of 27.04%. The business had revenue of $416.78 million for the quarter, compared to analyst estimates of $414.39 million. During the same period last year, the company earned $1.47 EPS. The firm’s revenue was up 7.2% on a year-over-year basis. On average, equities research analysts predict that Bank OZK will post 6.05 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 12th were paid a $0.40 dividend. This is an increase from Bank OZK’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, July 12th. This represents a $1.60 annualized dividend and a dividend yield of 3.77%. Bank OZK’s dividend payout ratio (DPR) is currently 26.80%.

About Bank OZK

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.