Charles Schwab Investment Management Inc. Purchases 188,575 Shares of Bank OZK (NASDAQ:OZK)

Charles Schwab Investment Management Inc. lifted its stake in Bank OZK (NASDAQ:OZK - Free Report) by 4.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,130,006 shares of the company's stock after acquiring an additional 188,575 shares during the period. Charles Schwab Investment Management Inc. owned 3.64% of Bank OZK worth $183,909,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in OZK. State of Alaska Department of Revenue lifted its stake in shares of Bank OZK by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 12,194 shares of the company's stock worth $524,000 after buying an additional 830 shares during the last quarter. Van ECK Associates Corp raised its holdings in Bank OZK by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 62,780 shares of the company's stock worth $2,745,000 after acquiring an additional 17,939 shares during the period. M&G PLC lifted its position in Bank OZK by 9.7% during the 3rd quarter. M&G PLC now owns 231,195 shares of the company's stock worth $9,941,000 after acquiring an additional 20,394 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Bank OZK during the third quarter valued at about $61,000. Finally, CWA Asset Management Group LLC acquired a new stake in shares of Bank OZK in the third quarter valued at about $719,000. Institutional investors own 86.18% of the company's stock.

Bank OZK Price Performance

NASDAQ OZK traded down $1.15 on Monday, reaching $44.41. The company's stock had a trading volume of 2,201,060 shares, compared to its average volume of 1,238,007. Bank OZK has a 52 week low of $37.43 and a 52 week high of $53.64. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. The firm has a market cap of $5.04 billion, a PE ratio of 7.23 and a beta of 1.23. The business has a 50-day moving average price of $48.16 and a 200 day moving average price of $45.89.

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Bank OZK (NASDAQ:OZK - Get Free Report) last released its quarterly earnings data on Thursday, January 16th. The company reported $1.56 earnings per share 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 return on equity of 13.90% and a net margin of 25.83%. The company's revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.50 EPS. Sell-side analysts expect that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 14th were paid a dividend of $0.42 per share. This is a positive change from Bank OZK's previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend was Tuesday, January 14th. Bank OZK's dividend payout ratio is currently 27.36%.

Analysts Set New Price Targets

Several research firms recently weighed in on OZK. Wells Fargo & Company raised Bank OZK from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $40.00 to $48.00 in a research report on Tuesday, January 21st. UBS Group assumed coverage on shares of Bank OZK in a research report on Tuesday, December 17th. They set a "neutral" rating and a $51.00 price objective for the company. Finally, Stephens lifted their target price on Bank OZK from $53.00 to $57.00 and gave the stock an "equal weight" rating in a research 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 issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $50.00.

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.