Bank OZK (NASDAQ:OZK) Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its stake in Bank OZK (NASDAQ:OZK - Free Report) by 12.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,176,997 shares of the company's stock after buying an additional 238,810 shares during the quarter. American Century Companies Inc. owned 1.92% of Bank OZK worth $96,942,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. State Street Corp raised its position in Bank OZK by 7.3% during the third quarter. State Street Corp now owns 7,106,907 shares of the company's stock valued at $305,526,000 after acquiring an additional 485,172 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Bank OZK by 32.7% during the 3rd 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. increased its holdings in shares of Bank OZK by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,130,006 shares of the company's stock valued at $183,909,000 after purchasing an additional 188,575 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Bank OZK by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,022,979 shares of the company's stock valued at $86,989,000 after purchasing an additional 126,352 shares during the period. Finally, Captrust Financial Advisors boosted its holdings in 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 buying an additional 942,309 shares in the last quarter. Hedge funds and other institutional investors own 86.18% of the company's stock.

Remove Ads

Bank OZK Price Performance

OZK traded down $0.41 on Thursday, hitting $44.97. 599,034 shares of the company's stock were exchanged, compared to its average volume of 1,233,044. 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 $5.10 billion, a price-to-earnings ratio of 7.32 and a beta of 1.23. The firm has a 50-day moving average price of $48.31 and a 200-day moving average price of $46.03. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16.

Bank OZK (NASDAQ:OZK - Get Free Report) last announced its quarterly earnings data on Thursday, January 16th. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.12. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The company had revenue of $412.34 million during the quarter, compared to analysts' expectations of $407.19 million. During the same quarter in the prior year, the company earned $1.50 EPS. Bank OZK's revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts anticipate that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 14th were issued a $0.42 dividend. This is a boost from Bank OZK's previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend was Tuesday, January 14th. Bank OZK's dividend payout ratio is presently 27.36%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on OZK. Stephens lifted their price objective on shares of Bank OZK from $53.00 to $57.00 and gave the company an "equal weight" rating in a report on Tuesday, January 21st. Wells Fargo & Company raised Bank OZK from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $40.00 to $48.00 in a report on Tuesday, January 21st. UBS Group assumed coverage on Bank OZK in a report on Tuesday, December 17th. They issued a "neutral" rating and a $51.00 price objective on the stock. Finally, Morgan Stanley reduced their target price on Bank OZK from $58.00 to $54.00 and set an "equal weight" rating for the company in a research note on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $50.38.

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.