Versor Investments LP Sells 9,711 Shares of Bank OZK (NASDAQ:OZK)

Versor Investments LP lowered its stake in Bank OZK (NASDAQ:OZK - Free Report) by 48.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,473 shares of the company's stock after selling 9,711 shares during the quarter. Versor Investments LP's holdings in Bank OZK were worth $466,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC raised its position in Bank OZK by 15.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 55,911 shares of the company's stock worth $2,404,000 after acquiring an additional 7,346 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Bank OZK by 92.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 14,738 shares of the company's stock worth $616,000 after purchasing an additional 7,077 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Bank OZK by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 12,194 shares of the company's stock valued at $524,000 after purchasing an additional 830 shares during the period. Van ECK Associates Corp lifted its stake in Bank OZK by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 62,780 shares of the company's stock valued at $2,745,000 after purchasing an additional 17,939 shares during the last quarter. Finally, M&G PLC grew its holdings in Bank OZK by 9.7% during the third quarter. M&G PLC now owns 231,195 shares of the company's stock worth $9,941,000 after purchasing an additional 20,394 shares during the period. Institutional investors own 86.18% of the company's stock.

Bank OZK Stock Performance

OZK traded down $0.99 during trading on Thursday, hitting $44.40. The stock had a trading volume of 450,579 shares, compared to its average volume of 1,298,711. 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 company has a 50 day moving average price of $48.14 and a 200-day moving average price of $45.81. Bank OZK has a one year low of $37.43 and a one year high of $53.64. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 7.26 and a beta of 1.23.

Bank OZK (NASDAQ:OZK - Get Free Report) last announced its earnings results 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 previous year, the business posted $1.50 earnings per share. Bank OZK's quarterly revenue was up 1.2% on a year-over-year basis. As a group, research analysts predict that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 14th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend was Tuesday, January 14th. This is a positive change from Bank OZK's previous quarterly dividend of $0.41. Bank OZK's dividend payout ratio is presently 27.36%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. UBS Group assumed coverage on Bank OZK in a research note on Tuesday, December 17th. They issued a "neutral" rating and a $51.00 price objective on the stock. Stephens increased 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 raised Bank OZK from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $40.00 to $48.00 in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $50.00.

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.