Dimensional Fund Advisors LP Reduces Stake in Bank OZK (NASDAQ:OZK)

Dimensional Fund Advisors LP reduced its holdings in shares of Bank OZK (NASDAQ:OZKFree Report) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,689,133 shares of the company’s stock after selling 144,528 shares during the period. Dimensional Fund Advisors LP owned about 0.06% of Bank OZK worth $333,325,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versor Investments LP lifted its position in shares of Bank OZK by 7.5% during the 4th quarter. Versor Investments LP now owns 21,500 shares of the company’s stock worth $1,071,000 after buying an additional 1,500 shares during the last quarter. Principal Securities Inc. purchased a new position in Bank OZK in the fourth quarter worth $31,000. LSV Asset Management raised its position in Bank OZK by 52.0% in the fourth quarter. LSV Asset Management now owns 471,740 shares of the company’s stock worth $23,507,000 after acquiring an additional 161,400 shares in the last quarter. Bare Financial Services Inc purchased a new position in Bank OZK in the fourth quarter worth $36,000. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in Bank OZK by 601.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,402 shares of the company’s stock valued at $69,000 after purchasing an additional 1,202 shares during the last quarter. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on OZK shares. Morgan Stanley reiterated an “equal weight” rating and set a $48.00 target price on shares of Bank OZK in a research report on Monday, April 22nd. Wells Fargo & Company reduced their price objective on Bank OZK from $41.00 to $39.00 and set an “underweight” rating for the company in a research report on Thursday, February 1st. Citigroup cut their target price on Bank OZK from $62.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, March 13th. Truist Financial cut their target price on Bank OZK from $48.00 to $47.00 and set a “hold” rating on the stock in a research note on Monday, April 22nd. Finally, Keefe, Bruyette & Woods boosted their price objective on Bank OZK from $45.00 to $47.00 and gave the stock a “market perform” rating in a research note on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, Bank OZK presently has a consensus rating of “Hold” and an average target price of $49.14.

Get Our Latest Analysis on Bank OZK

Bank OZK Trading Up 1.2 %

Bank OZK stock traded up $0.55 during trading hours on Monday, reaching $48.33. 258,673 shares of the company’s stock traded hands, compared to its average volume of 1,161,226. The firm’s 50 day moving average is $44.53 and its 200-day moving average is $44.37. Bank OZK has a fifty-two week low of $31.61 and a fifty-two week high of $52.36. The firm has a market capitalization of $5.47 billion, a price-to-earnings ratio of 8.00 and a beta of 1.24. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.03 and a current ratio of 1.01.

Bank OZK (NASDAQ:OZKGet Free Report) last posted its quarterly earnings data on Thursday, April 18th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.07. Bank OZK had a return on equity of 14.84% and a net margin of 28.54%. The company had revenue of $406.02 million during the quarter, compared to analysts’ expectations of $396.81 million. During the same period in the prior year, the firm earned $1.41 earnings per share. On average, analysts predict that Bank OZK will post 6.07 earnings per share for the current year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 12th were issued a $0.39 dividend. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $1.56 dividend on an annualized basis and a yield of 3.23%. This is an increase from Bank OZK’s previous quarterly dividend of $0.38. Bank OZK’s payout ratio is currently 26.13%.

Bank OZK Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Bank OZK (NASDAQ:OZK)

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