Edgestream Partners L.P. cut its position in shares of Bank OZK (NASDAQ:OZK - Free Report) by 16.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,483 shares of the company's stock after selling 25,808 shares during the period. Edgestream Partners L.P. owned approximately 0.12% of Bank OZK worth $6,033,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Kestra Investment Management LLC purchased a new position in shares of Bank OZK during the 4th quarter worth approximately $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Bank OZK in the 4th quarter valued at about $27,000. Smartleaf Asset Management LLC increased its position in shares of Bank OZK by 176.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 761 shares of the company's stock valued at $34,000 after purchasing an additional 486 shares during the last quarter. 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 worth $42,000 after purchasing an additional 425 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in Bank OZK by 73.8% in the third quarter. Assetmark Inc. now owns 968 shares of the company's stock valued at $42,000 after buying an additional 411 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.
Bank OZK Stock Performance
Shares of NASDAQ:OZK traded down $0.89 during trading on Tuesday, reaching $43.52. The company had a trading volume of 1,486,342 shares, compared to its average volume of 1,238,541. Bank OZK has a fifty-two week low of $37.43 and a fifty-two week 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 stock's fifty day moving average price is $48.16 and its 200 day moving average price is $45.91. The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of 7.09 and a beta of 1.23.
Bank OZK (NASDAQ:OZK - Get Free Report) last announced 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. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The company had revenue of $412.34 million for the quarter, compared to analysts' expectations of $407.19 million. During the same period in the previous year, the company posted $1.50 EPS. Bank OZK's revenue was up 1.2% compared to the same quarter last year. As a group, equities research analysts predict that Bank OZK will post 6.02 EPS for the current year.
Bank OZK Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th were issued a dividend of $0.42 per share. This is a boost from Bank OZK's previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a yield of 3.86%. The ex-dividend date was Tuesday, January 14th. Bank OZK's dividend payout ratio is currently 27.36%.
Analysts Set New Price Targets
OZK has been the topic of several research analyst reports. Wells Fargo & Company upgraded shares of Bank OZK from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $40.00 to $48.00 in a research note on Tuesday, January 21st. UBS Group assumed coverage on Bank OZK in a research report on Tuesday, December 17th. They set a "neutral" rating and a $51.00 price target on the stock. Finally, Stephens increased their price objective on Bank OZK from $53.00 to $57.00 and gave the company an "equal weight" rating in a report 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 given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $50.00.
Get Our Latest Stock Report on OZK
About Bank OZK
(
Free Report)
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.
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