16,381 Shares in Bank OZK (NASDAQ:OZK) Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. bought a new position in Bank OZK (NASDAQ:OZK - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 16,381 shares of the company's stock, valued at approximately $729,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OZK. State Street Corp increased its position in shares of Bank OZK by 7.3% in the third quarter. State Street Corp now owns 7,106,907 shares of the company's stock valued at $305,526,000 after acquiring an additional 485,172 shares during the period. Wellington Management Group LLP increased its holdings in Bank OZK by 32.7% during the 3rd quarter. Wellington Management Group LLP now owns 4,223,452 shares of the company's stock valued at $181,566,000 after purchasing an additional 1,041,198 shares during the period. Charles Schwab Investment Management Inc. raised its position in Bank OZK by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,130,006 shares of the company's stock valued at $183,909,000 after purchasing an additional 188,575 shares during the last quarter. American Century Companies Inc. lifted its holdings in Bank OZK by 12.3% in the 4th quarter. American Century Companies Inc. now owns 2,176,997 shares of the company's stock worth $96,942,000 after buying an additional 238,810 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Bank OZK by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 2,038,463 shares of the company's stock worth $90,798,000 after buying an additional 15,484 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors.

Remove Ads

Wall Street Analyst Weigh In

A number of equities analysts recently commented on OZK shares. Stephens raised their price target on Bank OZK from $53.00 to $57.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 21st. UBS Group started coverage on shares of Bank OZK in a research report on Tuesday, December 17th. They issued a "neutral" rating and a $51.00 target price for the company. Morgan Stanley reduced their price target on shares of 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. Finally, Wells Fargo & Company lowered their price objective on shares of Bank OZK from $48.00 to $40.00 and set an "equal weight" rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $49.38.

Bank OZK Stock Down 1.4 %

OZK traded down $0.53 during midday trading on Friday, reaching $37.10. The company's stock had a trading volume of 668,234 shares, compared to its average volume of 1,312,898. The stock's 50-day moving average is $45.84 and its 200-day moving average is $45.92. Bank OZK has a 1 year low of $35.71 and a 1 year high of $53.64. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 6.05 and a beta of 1.05. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its quarterly earnings data on Thursday, January 16th. The company reported $1.56 earnings per share 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 company had revenue of $412.34 million during the quarter, compared to analyst estimates of $407.19 million. During the same quarter last year, the company earned $1.50 EPS. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. As a group, research analysts expect that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, April 14th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.64%. The ex-dividend date is Monday, April 14th. This is a positive change from Bank OZK's previous quarterly dividend of $0.42. Bank OZK's payout ratio is currently 28.01%.

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.