New York State Teachers Retirement System Sells 10,213 Shares of Bank OZK (NASDAQ:OZK)

New York State Teachers Retirement System reduced its stake in shares of Bank OZK (NASDAQ:OZK - Free Report) by 7.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 131,412 shares of the company's stock after selling 10,213 shares during the period. New York State Teachers Retirement System owned approximately 0.12% of Bank OZK worth $5,852,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of OZK. Barclays PLC boosted its position in Bank OZK by 30.7% during the 3rd quarter. Barclays PLC now owns 254,874 shares of the company's stock worth $10,958,000 after acquiring an additional 59,907 shares during the last quarter. Geode Capital Management LLC boosted its position in Bank OZK by 6.7% during the 3rd 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 during the last quarter. Verition Fund Management LLC boosted its position in Bank OZK by 68.6% during the 3rd quarter. Verition Fund Management LLC now owns 34,869 shares of the company's stock worth $1,499,000 after acquiring an additional 14,189 shares during the last quarter. Cerity Partners LLC boosted its position in Bank OZK by 112.8% during the 3rd quarter. Cerity Partners LLC now owns 51,717 shares of the company's stock worth $2,223,000 after acquiring an additional 27,409 shares during the last quarter. Finally, Alpha DNA Investment Management LLC acquired a new position in Bank OZK during the 3rd quarter worth approximately $529,000. 86.18% of the stock is currently owned by institutional investors.

Bank OZK Stock Down 4.2 %

Shares of NASDAQ OZK traded down $2.07 during midday trading on Friday, hitting $47.34. 390,962 shares of the stock traded hands, compared to its average volume of 1,357,875. The company has a market cap of $5.37 billion, a PE ratio of 7.70 and a beta of 1.20. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.03. Bank OZK has a one year low of $37.43 and a one year high of $53.64. The business has a 50 day moving average price of $47.77 and a two-hundred day moving average price of $45.38.

Bank OZK (NASDAQ:OZK - Get Free Report) last issued its quarterly 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 firm had revenue of $412.34 million for the quarter, compared to analysts' expectations of $407.19 million. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.50 EPS. On average, equities analysts predict that Bank OZK will post 6.03 EPS for the current year.

Bank OZK Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Tuesday, January 14th. 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 3.55%. Bank OZK's dividend payout ratio is currently 27.36%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Stephens upped their price target on Bank OZK from $53.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. Wells Fargo & Company raised 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 began coverage on Bank OZK in a report on Tuesday, December 17th. They issued a "neutral" rating and a $51.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $50.00.

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.