Bank OZK (NASDAQ:OZK) Shares Sold by Entropy Technologies LP

Entropy Technologies LP reduced its holdings in Bank OZK (NASDAQ:OZK - Free Report) by 51.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,957 shares of the company's stock after selling 7,288 shares during the period. Entropy Technologies LP's holdings in Bank OZK were worth $310,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Management Group LLP boosted its holdings in Bank OZK by 32.7% in the 3rd quarter. Wellington Management Group LLP now owns 4,223,452 shares of the company's stock worth $181,566,000 after buying an additional 1,041,198 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Bank OZK by 124.6% in the third quarter. Captrust Financial Advisors now owns 1,698,856 shares of the company's stock worth $73,034,000 after acquiring an additional 942,309 shares during the last quarter. Senvest Management LLC purchased a new stake in shares of Bank OZK during the third quarter worth approximately $22,306,000. State Street Corp raised its stake in Bank OZK by 7.3% in the 3rd quarter. State Street Corp now owns 7,106,907 shares of the company's stock valued at $305,526,000 after purchasing an additional 485,172 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in Bank OZK by 34.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,321,436 shares of the company's stock valued at $56,809,000 after purchasing an additional 341,078 shares during the last quarter. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Bank OZK Trading Down 1.4 %

Shares of OZK stock traded down $0.76 during trading on Monday, hitting $51.86. 1,158,083 shares of the stock traded hands, compared to its average volume of 1,481,751. Bank OZK has a 52-week low of $37.43 and a 52-week high of $53.64. The firm has a market capitalization of $5.88 billion, a P/E ratio of 8.45 and a beta of 1.20. The firm's fifty day moving average price is $47.58 and its 200-day moving average price is $45.26. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its earnings results on Thursday, January 16th. The company reported $1.56 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $0.12. The company had revenue of $412.34 million for the quarter, compared to the consensus estimate 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 for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.50 earnings per share. As a group, research analysts forecast that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently announced 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 represents a $1.68 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend was Tuesday, January 14th. This is a positive change from Bank OZK's previous quarterly dividend of $0.41. Bank OZK's dividend payout ratio (DPR) is 27.36%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Truist Financial dropped their target price on shares of Bank OZK from $48.00 to $46.00 and set a "hold" rating for the company in a report on Monday, October 21st. Stephens upped their price objective on shares of Bank OZK from $53.00 to $57.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 21st. Wells Fargo & Company upgraded shares of Bank OZK from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $40.00 to $48.00 in a report on Tuesday, January 21st. Finally, UBS Group started coverage on Bank OZK in a report on Tuesday, December 17th. They set a "neutral" rating and a $51.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $50.00.

About Bank OZK

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.