Bank OZK (NASDAQ:OZK) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its holdings in shares of Bank OZK (NASDAQ:OZK) by 29.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,993,288 shares of the company’s stock after selling 1,230,164 shares during the quarter. Wellington Management Group LLP’s holdings in Bank OZK were worth $133,291,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in OZK. Norges Bank acquired a new stake in shares of Bank OZK during the fourth quarter worth approximately $53,114,000. State Street Corp grew its holdings in Bank OZK by 7.3% during the 3rd quarter. State Street Corp now owns 7,106,907 shares of the company’s stock worth $305,526,000 after acquiring an additional 485,172 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Bank OZK during the 4th quarter worth $14,077,000. American Century Companies Inc. increased its position in shares of Bank OZK by 12.3% in the 4th quarter. American Century Companies Inc. now owns 2,176,997 shares of the company’s stock worth $96,942,000 after purchasing an additional 238,810 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Bank OZK by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,130,006 shares of the company’s stock valued at $183,909,000 after purchasing an additional 188,575 shares in the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

Bank OZK Stock Performance

OZK stock opened at $38.90 on Friday. Bank OZK has a 1 year low of $37.43 and a 1 year high of $53.64. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 6.34 and a beta of 1.05. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.03. The stock’s fifty day moving average is $47.53 and its two-hundred day moving average is $46.11.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.12. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The firm had revenue of $412.34 million for the quarter, compared to the consensus estimate of $407.19 million. During the same period last year, the firm posted $1.50 EPS. Bank OZK’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, research analysts predict that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, April 14th will be given a dividend of $0.43 per share. The ex-dividend date is Monday, April 14th. This is an increase from Bank OZK’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 4.42%. Bank OZK’s payout ratio is currently 28.01%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Stephens boosted their price objective on Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Wells Fargo & Company raised Bank OZK from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $40.00 to $48.00 in a research report on Tuesday, January 21st. Morgan Stanley decreased their price objective 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. Finally, UBS Group started coverage on shares of Bank OZK in a report on Tuesday, December 17th. They set a “neutral” rating and a $51.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Bank OZK has an average rating of “Hold” and an average 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.