Bank OZK (NASDAQ:OZK) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN raised its position in shares of Bank OZK (NASDAQ:OZK - Free Report) by 11.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 78,014 shares of the company's stock after buying an additional 7,945 shares during the quarter. Wells Fargo & Company MN owned about 0.07% of Bank OZK worth $3,474,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of OZK. Barclays PLC raised its stake in Bank OZK by 30.7% in the third quarter. Barclays PLC now owns 254,874 shares of the company's stock valued at $10,958,000 after buying an additional 59,907 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Bank OZK by 14.6% in the 4th quarter. GAMMA Investing LLC now owns 4,758 shares of the company's stock valued at $212,000 after purchasing an additional 606 shares during the last quarter. Rhumbline Advisers boosted its stake in Bank OZK by 1.6% in the 4th quarter. Rhumbline Advisers now owns 342,417 shares of the company's stock worth $15,248,000 after purchasing an additional 5,538 shares in the last quarter. Merit Financial Group LLC acquired a new stake in Bank OZK in the 4th quarter worth approximately $307,000. Finally, Park Avenue Securities LLC acquired a new position in Bank OZK during the 4th quarter valued at approximately $227,000. 86.18% of the stock is owned by hedge funds and other institutional investors.

Bank OZK Stock Performance

Bank OZK stock traded up $0.09 during mid-day trading on Friday, hitting $42.72. The company had a trading volume of 811,977 shares, compared to its average volume of 1,332,246. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of 6.96 and a beta of 1.05. The company's fifty day moving average is $43.50 and its 200-day moving average is $45.79. Bank OZK has a 12-month low of $35.71 and a 12-month high of $53.64.

Bank OZK (NASDAQ:OZK - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.42 by $0.05. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The company had revenue of $409.23 million for the quarter, compared to analyst estimates of $403.05 million. During the same quarter last year, the business earned $1.51 earnings per share. Equities research analysts predict that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 14th were given a dividend of $0.43 per share. The ex-dividend date was Monday, April 14th. This represents a $1.72 dividend on an annualized basis and a yield of 4.03%. This is an increase from Bank OZK's previous quarterly dividend of $0.42. Bank OZK's dividend payout ratio is currently 28.20%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on OZK. Stephens dropped their price objective on shares of Bank OZK from $59.00 to $54.00 and set an "equal weight" rating on the stock in a report on Monday. Morgan Stanley dropped their price target on Bank OZK from $58.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Wells Fargo & Company reduced their price objective on Bank OZK from $48.00 to $40.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods dropped their target price on Bank OZK from $50.00 to $48.00 and set a "market perform" rating on the stock in a research report on Tuesday. 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 MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $49.13.

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.