Intech Investment Management LLC Acquires 15,065 Shares of Bank OZK (NASDAQ:OZK)

Intech Investment Management LLC increased its position in shares of Bank OZK (NASDAQ:OZK - Free Report) by 179.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,451 shares of the company's stock after purchasing an additional 15,065 shares during the period. Intech Investment Management LLC's holdings in Bank OZK were worth $1,044,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp boosted its holdings in Bank OZK by 7.3% during the third 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 in the last quarter. Wellington Management Group LLP boosted its stake 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 valued at $181,566,000 after buying an additional 1,041,198 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Bank OZK by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,130,006 shares of the company's stock valued at $183,909,000 after acquiring an additional 188,575 shares during the period. Geode Capital Management LLC raised its stake in Bank OZK by 6.7% during the third quarter. Geode Capital Management LLC now owns 2,022,979 shares of the company's stock worth $86,989,000 after acquiring an additional 126,352 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of Bank OZK by 124.6% during the third quarter. Captrust Financial Advisors now owns 1,698,856 shares of the company's stock valued at $73,034,000 after acquiring an additional 942,309 shares during the period. 86.18% of the stock is currently owned by institutional investors.

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Bank OZK Trading Up 0.3 %

NASDAQ OZK traded up $0.12 during trading hours on Wednesday, hitting $45.38. The company's stock had a trading volume of 736,018 shares, compared to its average volume of 1,230,848. The stock has a fifty day moving average of $48.31 and a 200 day moving average of $46.04. 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 capitalization of $5.15 billion, a P/E ratio of 7.39 and a beta of 1.23. Bank OZK has a twelve month low of $37.43 and a twelve month high of $53.64.

Bank OZK (NASDAQ:OZK - Get Free Report) last released its quarterly earnings data on Thursday, January 16th. The company reported $1.56 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $0.12. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The business had revenue of $412.34 million during the quarter, compared to the consensus estimate of $407.19 million. During the same quarter in the prior year, the company posted $1.50 earnings per share. The firm's revenue was up 1.2% on a year-over-year basis. Equities research analysts forecast that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors 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. The ex-dividend date was Tuesday, January 14th. This represents a $1.68 annualized dividend and a yield of 3.70%. Bank OZK's dividend payout ratio (DPR) is presently 27.36%.

Analyst Ratings Changes

A number of brokerages recently issued reports on OZK. Wells Fargo & Company upgraded shares of Bank OZK from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $40.00 to $48.00 in a research report on Tuesday, January 21st. Morgan Stanley decreased their price target 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. UBS Group initiated coverage on Bank OZK in a research report on Tuesday, December 17th. They issued a "neutral" rating and a $51.00 price objective for the company. Finally, Stephens lifted their price target 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 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 stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $50.38.

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.