Janus Henderson Group PLC Reduces Holdings in Bank OZK (NASDAQ:OZK)

Janus Henderson Group PLC lowered its position in shares of Bank OZK (NASDAQ:OZK) by 14.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,487 shares of the company’s stock after selling 7,900 shares during the period. Janus Henderson Group PLC’s holdings in Bank OZK were worth $1,955,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. PSI Advisors LLC increased its stake in shares of Bank OZK by 20,933.3% in the second quarter. PSI Advisors LLC now owns 631 shares of the company’s stock worth $26,000 after buying an additional 628 shares during the last quarter. Assetmark Inc. increased its stake in shares of Bank OZK by 73.8% in the third quarter. Assetmark Inc. now owns 968 shares of the company’s stock worth $42,000 after buying an additional 411 shares during the last quarter. American National Bank & Trust acquired a new position in Bank OZK in the third quarter worth $44,000. Innealta Capital LLC acquired a new position in Bank OZK in the second quarter worth $46,000. Finally, Abich Financial Wealth Management LLC acquired a new position in Bank OZK in the second quarter worth $49,000. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Bank OZK Price Performance

Shares of NASDAQ OZK opened at $47.23 on Friday. Bank OZK has a fifty-two week low of $37.43 and a fifty-two week high of $52.36. The firm’s 50-day simple moving average is $46.24 and its 200 day simple moving average is $43.34. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.12. The stock has a market cap of $5.36 billion, a P/E ratio of 7.77 and a beta of 1.18.

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

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 11th were given a $0.41 dividend. The ex-dividend date was Friday, October 11th. This is a boost from Bank OZK’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 3.47%. Bank OZK’s payout ratio is 26.97%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on OZK. Piper Sandler lifted their price objective on shares of Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Wells Fargo & Company lifted their price objective on shares of Bank OZK from $35.00 to $40.00 and gave the stock an “underweight” rating in a report on Tuesday, December 3rd. Truist Financial decreased 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 lifted their price objective on shares of Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Finally, Raymond James downgraded shares of Bank OZK from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 17th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $49.13.

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.