Dimensional Fund Advisors LP Has $294.42 Million Stock Holdings in Bank OZK (NASDAQ:OZK)

Dimensional Fund Advisors LP lowered its holdings in Bank OZK (NASDAQ:OZK - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,611,620 shares of the company's stock after selling 104,812 shares during the quarter. Dimensional Fund Advisors LP owned about 5.83% of Bank OZK worth $294,416,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wasatch Advisors LP increased its holdings in Bank OZK by 19.3% in the fourth quarter. Wasatch Advisors LP now owns 7,102,657 shares of the company's stock valued at $316,281,000 after buying an additional 1,149,880 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Bank OZK by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,130,006 shares of the company's stock worth $183,909,000 after purchasing an additional 188,575 shares during the last quarter. First Trust Advisors LP boosted its position in Bank OZK by 30.4% during the fourth quarter. First Trust Advisors LP now owns 2,945,480 shares of the company's stock worth $131,162,000 after purchasing an additional 686,775 shares in the last quarter. American Century Companies Inc. grew its holdings in Bank OZK by 12.3% in the fourth quarter. American Century Companies Inc. now owns 2,176,997 shares of the company's stock valued at $96,942,000 after purchasing an additional 238,810 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Bank OZK by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 2,038,463 shares of the company's stock valued at $90,798,000 after buying an additional 15,484 shares in the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

OZK has been the topic of a number of research reports. Stephens lowered their price objective on shares of Bank OZK from $59.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Monday. Keefe, Bruyette & Woods cut their price target on Bank OZK from $50.00 to $48.00 and set a "market perform" rating for the company in a report on Tuesday. Wells Fargo & Company reduced their target price on Bank OZK from $48.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Finally, Morgan Stanley cut their target price on 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $49.13.

Bank OZK Stock Performance

OZK stock traded up $0.09 during trading on Friday, reaching $42.72. 811,776 shares of the company's stock were exchanged, compared to its average volume of 1,471,198. Bank OZK has a 1-year low of $35.71 and a 1-year high of $53.64. The company's fifty day moving average price is $43.50 and its 200-day moving average price is $45.79. 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 firm has a market cap of $4.85 billion, a PE ratio of 6.96 and a beta of 1.05.

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

Bank OZK Increases Dividend

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

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.