Vanguard Group Inc. Has $512.18 Million Position in Bank OZK (NASDAQ:OZK)

Vanguard Group Inc. raised its position in shares of Bank OZK (NASDAQ:OZK - Free Report) by 0.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,501,856 shares of the company's stock after buying an additional 21,863 shares during the period. Vanguard Group Inc. owned about 10.14% of Bank OZK worth $512,178,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of OZK. Cerity Partners LLC raised its holdings in shares of Bank OZK by 112.8% in the third quarter. Cerity Partners LLC now owns 51,717 shares of the company's stock valued at $2,223,000 after buying an additional 27,409 shares during the last quarter. BNP Paribas Financial Markets increased its position in Bank OZK by 395.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 311,866 shares of the company's stock valued at $13,407,000 after acquiring an additional 248,889 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Bank OZK in the 3rd quarter valued at about $1,883,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Bank OZK by 2.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 298,222 shares of the company's stock worth $12,821,000 after acquiring an additional 5,812 shares during the last quarter. Finally, Verition Fund Management LLC lifted its position in shares of Bank OZK by 68.6% during the third quarter. Verition Fund Management LLC now owns 34,869 shares of the company's stock worth $1,499,000 after purchasing an additional 14,189 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company's stock.

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Bank OZK Trading Down 2.0 %

NASDAQ:OZK traded down $0.78 during mid-day trading on Friday, hitting $38.12. The company had a trading volume of 3,118,784 shares, compared to its average volume of 1,296,061. 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 fifty-two week low of $35.80 and a fifty-two week high of $53.64. The firm has a market cap of $4.32 billion, a P/E ratio of 6.21 and a beta of 1.05. The business's fifty day moving average is $47.28 and its two-hundred day moving average is $46.11.

Bank OZK (NASDAQ:OZK - Get Free Report) last announced 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. 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 analysts' expectations of $407.19 million. During the same period in the prior year, the business posted $1.50 EPS. Bank OZK'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 earnings per share for the current year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, April 14th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Monday, April 14th. This is a positive change from Bank OZK's previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 4.51%. Bank OZK's dividend payout ratio (DPR) is 28.01%.

Analyst Ratings Changes

A number of analysts recently weighed in on OZK shares. Morgan Stanley lowered their price target on shares of Bank OZK from $58.00 to $54.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. UBS Group began coverage on Bank OZK in a research note on Tuesday, December 17th. They issued a "neutral" rating and a $51.00 target price for the company. Stephens upped their price target on Bank OZK from $53.00 to $57.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company upgraded Bank OZK from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $40.00 to $48.00 in a research report on Tuesday, January 21st. One 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price 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.