Bank OZK (NASDAQ:OZK) Shares Acquired by First Trust Advisors LP

First Trust Advisors LP increased its stake in Bank OZK (NASDAQ:OZK - Free Report) by 30.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,945,480 shares of the company's stock after purchasing an additional 686,775 shares during the quarter. First Trust Advisors LP owned approximately 2.60% of Bank OZK worth $131,162,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Bank OZK during the 4th quarter valued at about $27,000. Kestra Investment Management LLC bought a new stake in shares of Bank OZK during the 4th quarter valued at $27,000. Smartleaf Asset Management LLC lifted its stake in Bank OZK by 176.7% in 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 boosted its position 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, Aster Capital Management DIFC Ltd bought a new stake in shares of Bank OZK in the fourth quarter worth about $54,000. Institutional investors own 86.18% of the company's stock.

Bank OZK Stock Performance

Shares of NASDAQ OZK traded up $0.56 during midday trading on Wednesday, hitting $41.94. 1,355,696 shares of the stock traded hands, compared to its average volume of 1,334,986. The firm has a 50-day moving average of $43.89 and a two-hundred day moving average of $45.82. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.03. The firm has a market capitalization of $4.76 billion, a P/E ratio of 6.83 and a beta of 1.05. Bank OZK has a one year low of $35.71 and a one year high of $53.64.

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

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 14th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend was Monday, April 14th. This is a boost from Bank OZK's previous quarterly dividend of $0.42. Bank OZK's dividend payout ratio (DPR) is 28.20%.

Analyst Ratings Changes

OZK has been the topic of a number of recent research reports. Wells Fargo & Company lowered their price objective on shares of Bank OZK from $48.00 to $40.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Keefe, Bruyette & Woods reduced their price objective on Bank OZK from $50.00 to $48.00 and set a "market perform" rating for the company in a report on Tuesday. Stephens dropped their price objective on shares of Bank OZK from $59.00 to $54.00 and set an "equal weight" rating for the company in a research note on Monday. Finally, Morgan Stanley decreased their target price on shares of Bank OZK from $58.00 to $54.00 and set an "equal weight" rating on the stock in a 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 issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $49.13.

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.