Teacher Retirement System of Texas Buys 14,944 Shares of Bank OZK (NASDAQ:OZK)

Teacher Retirement System of Texas lifted its stake in Bank OZK (NASDAQ:OZK - Free Report) by 63.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,530 shares of the company's stock after acquiring an additional 14,944 shares during the quarter. Teacher Retirement System of Texas' holdings in Bank OZK were worth $1,716,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. M&T Bank Corp boosted its holdings in Bank OZK by 1.9% in the third quarter. M&T Bank Corp now owns 13,432 shares of the company's stock worth $578,000 after purchasing an additional 244 shares in the last quarter. Principal Securities Inc. boosted its stake in shares of Bank OZK by 12.7% during the 4th quarter. Principal Securities Inc. now owns 2,509 shares of the company's stock worth $112,000 after acquiring an additional 283 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Bank OZK by 1.0% during the 4th quarter. Arizona State Retirement System now owns 31,253 shares of the company's stock valued at $1,392,000 after acquiring an additional 305 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Bank OZK by 2.1% during the 4th quarter. Pacer Advisors Inc. now owns 15,733 shares of the company's stock valued at $701,000 after acquiring an additional 325 shares during the last quarter. Finally, Savant Capital LLC raised its stake in shares of Bank OZK by 0.7% in the 4th quarter. Savant Capital LLC now owns 46,784 shares of the company's stock valued at $2,083,000 after acquiring an additional 327 shares in the last quarter. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

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Bank OZK Stock Performance

Shares of NASDAQ OZK traded down $0.28 during trading hours on Monday, reaching $43.45. The stock had a trading volume of 1,301,400 shares, compared to its average volume of 1,268,856. Bank OZK has a twelve month low of $37.43 and a twelve month high of $53.64. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. The business's fifty day moving average is $48.06 and its two-hundred day moving average is $46.16. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 7.08 and a beta of 1.23.

Bank OZK (NASDAQ:OZK - Get Free Report) last announced its quarterly earnings data on Thursday, January 16th. The company reported $1.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.12. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The company had revenue of $412.34 million during the quarter, compared to analysts' expectations of $407.19 million. During the same quarter in the prior year, the company posted $1.50 EPS. The business's revenue 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 disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 14th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.87%. This is an increase from Bank OZK's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Tuesday, January 14th. Bank OZK's payout ratio is presently 27.36%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. UBS Group initiated coverage on Bank OZK in a report on Tuesday, December 17th. They set a "neutral" rating and a $51.00 price target on the stock. Wells Fargo & Company upgraded shares of Bank OZK from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $40.00 to $48.00 in a research note on Tuesday, January 21st. Morgan Stanley dropped 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. Finally, Stephens upped their price target on shares of 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 assigned a buy rating to the company. According to data from MarketBeat.com, Bank OZK currently has an average rating of "Hold" and a consensus 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.