Mitsubishi UFJ Trust & Banking Corp Grows Stake in Bank OZK (NASDAQ:OZK)

Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Bank OZK (NASDAQ:OZK - Free Report) by 6.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 171,662 shares of the company's stock after buying an additional 10,742 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.15% of Bank OZK worth $7,644,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. State Street Corp boosted its position 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 valued at $305,526,000 after buying an additional 485,172 shares during the period. Wellington Management Group LLP lifted 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 acquiring an additional 1,041,198 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in 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 acquiring an additional 188,575 shares during the period. American Century Companies Inc. grew its position in Bank OZK by 12.3% in the 4th quarter. American Century Companies Inc. now owns 2,176,997 shares of the company's stock valued at $96,942,000 after acquiring an additional 238,810 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Bank OZK by 6.7% in 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. 86.18% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Stephens boosted their target price on shares of Bank OZK from $53.00 to $57.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 21st. Wells Fargo & Company raised shares of Bank OZK from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $40.00 to $48.00 in a research report on Tuesday, January 21st. Morgan Stanley reduced their target price 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. Finally, UBS Group began coverage on shares of Bank OZK in a research note on Tuesday, December 17th. They set a "neutral" rating and a $51.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $50.38.

Bank OZK Stock Down 2.0 %

Shares of NASDAQ OZK traded down $0.78 during midday trading on Friday, reaching $38.12. 3,118,784 shares of the company's stock traded hands, compared to its average volume of 1,293,408. The company has a market cap of $4.32 billion, a price-to-earnings ratio of 6.21 and a beta of 1.05. The stock's 50 day simple moving average is $47.28 and its 200-day simple moving average is $46.08. 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 has a one year low of $35.81 and a one year high of $53.64.

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

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, April 14th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 4.51%. The ex-dividend date is Monday, April 14th. This is a positive change from Bank OZK's previous quarterly dividend of $0.42. Bank OZK's payout ratio is 28.01%.

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.