Bank OZK (NASDAQ:OZK) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC cut its stake in shares of Bank OZK (NASDAQ:OZK - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 268,156 shares of the company's stock after selling 12,324 shares during the period. Brandywine Global Investment Management LLC owned 0.24% of Bank OZK worth $11,941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Bank OZK Stock Down 2.0 %

NASDAQ OZK traded down $0.78 during trading on Friday, reaching $38.12. 3,118,784 shares of the company's stock traded hands, compared to its average volume of 1,296,061. Bank OZK has a 12-month low of $35.80 and a 12-month high of $53.64. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 6.21 and a beta of 1.05. The company's 50 day simple moving average is $47.28 and its two-hundred day simple moving average is $46.11.

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Bank OZK (NASDAQ:OZK - Get Free Report) last issued 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. The company had revenue of $412.34 million for 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%. Bank OZK's revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company posted $1.50 earnings per share. As a group, sell-side analysts forecast that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, April 14th will be paid a dividend of $0.43 per share. This is a boost 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 4.51%. The ex-dividend date is Monday, April 14th. Bank OZK's dividend payout ratio is 28.01%.

Analysts Set New Price Targets

A number of research firms recently issued reports on OZK. Wells Fargo & Company upgraded 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 report on Tuesday, January 21st. Morgan Stanley decreased their target price on Bank OZK from $58.00 to $54.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. UBS Group initiated coverage on shares of Bank OZK in a report on Tuesday, December 17th. They issued a "neutral" rating and a $51.00 price target on the stock. Finally, 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. One investment 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 stock has an average rating of "Hold" and a consensus price target 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.