Mitsubishi UFJ Trust & Banking Corp Purchases 10,742 Shares of Bank OZK (NASDAQ:OZK)

Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Bank OZK (NASDAQ:OZK - Free Report) by 6.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 171,662 shares of the company's stock after acquiring an additional 10,742 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.15% of Bank OZK worth $7,644,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of OZK. State Street Corp grew its holdings in Bank OZK by 7.3% in the 3rd 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 increased its position in 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 in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Bank OZK by 4.8% in 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. lifted its stake in shares of Bank OZK by 12.3% during the fourth quarter. American Century Companies Inc. now owns 2,176,997 shares of the company's stock worth $96,942,000 after purchasing an additional 238,810 shares in the last quarter. Finally, Geode Capital Management LLC grew its position 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 valued at $86,989,000 after acquiring an additional 126,352 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts recently issued reports on OZK shares. Morgan Stanley cut their price target on shares of Bank OZK from $58.00 to $54.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. 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 research report on Tuesday, January 21st. UBS Group began coverage on Bank OZK in a research note on Tuesday, December 17th. They set a "neutral" rating and a $51.00 target price on the stock. Finally, Wells Fargo & Company raised shares of 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 research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Bank OZK has a consensus rating of "Hold" and an average price target of $50.38.

Bank OZK Stock Performance

OZK stock traded up $0.37 during trading on Wednesday, reaching $43.75. 2,371,696 shares of the stock were exchanged, compared to its average volume of 1,274,968. The stock has a 50 day simple moving average of $47.92 and a 200-day simple moving average of $46.18. 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 has a twelve month low of $37.43 and a twelve month high of $53.64. The company has a market capitalization of $4.96 billion, a P/E ratio of 7.13 and a beta of 1.23.

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

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, April 14th will be paid a $0.43 dividend. This is a positive change from Bank OZK's previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.93%. Bank OZK's dividend payout ratio (DPR) is 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.