Bank OZK (NASDAQ:OZK) Shares Sold by AlphaQuest LLC

AlphaQuest LLC reduced its position in Bank OZK (NASDAQ:OZK) by 44.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,465 shares of the company’s stock after selling 26,350 shares during the quarter. AlphaQuest LLC’s holdings in Bank OZK were worth $1,446,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. State Street Corp lifted its holdings in shares of Bank OZK by 7.3% during the third quarter. State Street Corp now owns 7,106,907 shares of the company’s stock worth $305,526,000 after purchasing an additional 485,172 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Bank OZK by 32.7% during the third quarter. Wellington Management Group LLP now owns 4,223,452 shares of the company’s stock worth $181,566,000 after purchasing an additional 1,041,198 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Bank OZK by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,130,006 shares of the company’s stock worth $183,909,000 after purchasing an additional 188,575 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Bank OZK by 6.7% during the third quarter. Geode Capital Management LLC now owns 2,022,979 shares of the company’s stock worth $86,989,000 after purchasing an additional 126,352 shares during the period. Finally, Captrust Financial Advisors lifted its holdings in shares of Bank OZK by 124.6% during the third quarter. Captrust Financial Advisors now owns 1,698,856 shares of the company’s stock worth $73,034,000 after purchasing an additional 942,309 shares during the period. 86.18% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on OZK shares. Stephens increased their price target on Bank OZK from $53.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Wells Fargo & Company upgraded Bank OZK from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $40.00 to $48.00 in a research report on Tuesday, January 21st. Finally, UBS Group assumed coverage on Bank OZK in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $50.00.

Bank OZK Trading Up 1.6 %

Shares of OZK stock opened at $45.56 on Monday. Bank OZK has a fifty-two week low of $37.43 and a fifty-two week high of $53.64. The stock has a market cap of $5.17 billion, a P/E ratio of 7.42 and a beta of 1.23. The business has a fifty day simple moving average of $48.16 and a 200-day simple moving average of $45.89. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings results on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.12. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The business had revenue of $412.34 million during the quarter, compared to analysts’ expectations of $407.19 million. During the same quarter last year, the business posted $1.50 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, analysts forecast that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 14th were given a $0.42 dividend. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.69%. This is a boost from Bank OZK’s previous quarterly dividend of $0.41. Bank OZK’s dividend payout ratio (DPR) is currently 27.36%.

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.