Envestnet Asset Management Inc. Acquires 12,663 Shares of Bank OZK (NASDAQ:OZK)

Envestnet Asset Management Inc. grew its stake in Bank OZK (NASDAQ:OZK - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 135,139 shares of the company's stock after acquiring an additional 12,663 shares during the quarter. Envestnet Asset Management Inc. owned 0.12% of Bank OZK worth $6,018,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of OZK. O Shaughnessy Asset Management LLC lifted its position in Bank OZK by 1.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,184 shares of the company's stock valued at $498,000 after acquiring an additional 193 shares in the last quarter. Principal Securities Inc. lifted its holdings in shares of Bank OZK by 12.7% in the fourth quarter. Principal Securities Inc. now owns 2,509 shares of the company's stock valued at $112,000 after purchasing an additional 283 shares in the last quarter. Horrell Capital Management Inc. boosted its position in shares of Bank OZK by 0.3% during the fourth quarter. Horrell Capital Management Inc. now owns 106,878 shares of the company's stock worth $4,759,000 after buying an additional 304 shares during the period. Arizona State Retirement System grew its holdings in shares of Bank OZK by 1.0% during the fourth quarter. Arizona State Retirement System now owns 31,253 shares of the company's stock worth $1,392,000 after buying an additional 305 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of Bank OZK by 2.1% during the fourth quarter. Pacer Advisors Inc. now owns 15,733 shares of the company's stock worth $701,000 after buying an additional 325 shares in the last quarter. Institutional investors own 86.18% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on OZK. Morgan Stanley decreased their price target on shares of 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. Keefe, Bruyette & Woods lowered their price target on shares of Bank OZK from $50.00 to $48.00 and set a "market perform" rating on the stock in a research note on Tuesday. Wells Fargo & Company reduced their price objective on shares of Bank OZK from $48.00 to $40.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Finally, Stephens decreased their price objective on Bank OZK from $59.00 to $54.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. One 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. Based on data from MarketBeat, Bank OZK has a consensus rating of "Hold" and a consensus price target of $49.13.

Bank OZK Stock Performance

Shares of NASDAQ OZK traded up $0.09 during mid-day trading on Friday, reaching $42.72. 811,977 shares of the company were exchanged, compared to its average volume of 1,332,247. The stock has a market capitalization of $4.85 billion, a P/E ratio of 6.96 and a beta of 1.05. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16. The company's 50-day simple moving average is $43.33 and its 200-day simple moving average is $45.80. Bank OZK has a twelve month low of $35.71 and a twelve month high of $53.64.

Bank OZK (NASDAQ:OZK - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.05. The firm had revenue of $409.23 million during the quarter, compared to the consensus estimate of $403.05 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. During the same period last year, the business posted $1.51 earnings per share. As a group, research analysts predict that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 14th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.03%. This is a positive change from Bank OZK's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, April 14th. Bank OZK's dividend payout ratio is currently 28.20%.

Bank OZK 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.