Alliancebernstein L.P. Sells 12,132 Shares of Bank OZK (NASDAQ:OZK)

Alliancebernstein L.P. decreased its holdings in Bank OZK (NASDAQ:OZK - Free Report) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,901 shares of the company's stock after selling 12,132 shares during the period. Alliancebernstein L.P. owned 0.12% of Bank OZK worth $6,185,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Bank OZK during the fourth quarter valued at about $27,000. Kestra Investment Management LLC purchased a new position in shares of Bank OZK during the 4th quarter valued at $27,000. Smartleaf Asset Management LLC increased its holdings in shares of Bank OZK by 176.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 761 shares of the company's stock worth $34,000 after purchasing an additional 486 shares during the period. V Square Quantitative Management LLC grew its position in Bank OZK by 81.3% during the fourth quarter. V Square Quantitative Management LLC now owns 948 shares of the company's stock worth $42,000 after buying an additional 425 shares in the last quarter. Finally, New Wave Wealth Advisors LLC bought a new position in Bank OZK in the 4th quarter worth about $93,000. Institutional investors own 86.18% of the company's stock.

Bank OZK Trading Up 2.2 %

Bank OZK stock traded up $0.86 during trading hours on Tuesday, reaching $39.24. The stock had a trading volume of 2,112,969 shares, compared to its average volume of 1,327,578. The company has a fifty day simple moving average of $45.31 and a 200-day simple moving average of $45.90. Bank OZK has a 52 week low of $35.71 and a 52 week high of $53.64. The stock has a market cap of $4.45 billion, a PE ratio of 6.39 and a beta of 1.05. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02.

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Bank OZK (NASDAQ:OZK - Get Free Report) last announced its quarterly earnings results on Thursday, January 16th. The company reported $1.56 earnings per share (EPS) 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 company had revenue of $412.34 million for the quarter, compared to the consensus estimate of $407.19 million. During the same quarter in the previous year, the business earned $1.50 EPS. Bank OZK's revenue was up 1.2% compared to the same quarter last year. Analysts forecast that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, April 14th will be issued a $0.43 dividend. The ex-dividend date is Monday, April 14th. This represents a $1.72 annualized dividend and a yield of 4.38%. This is a boost from Bank OZK's previous quarterly dividend of $0.42. Bank OZK's payout ratio is 28.01%.

Wall Street Analyst Weigh In

OZK has been the topic of several research analyst reports. Morgan Stanley decreased their price objective on shares of Bank OZK from $58.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Wells Fargo & Company reduced their target price on Bank OZK from $48.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 9th. Stephens upped their price objective on Bank OZK from $53.00 to $57.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. Finally, UBS Group began coverage on Bank OZK in a report on Tuesday, December 17th. They set a "neutral" rating and a $51.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. According to MarketBeat, Bank OZK has an average rating of "Hold" and an average target price of $49.38.

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.