Marshall Wace LLP Takes $762,000 Position in Bank OZK (NASDAQ:OZK)

Marshall Wace LLP bought a new stake in Bank OZK (NASDAQ:OZK - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 17,101 shares of the company's stock, valued at approximately $762,000.

Several other hedge funds have also modified their holdings of OZK. Norges Bank acquired a new stake in Bank OZK during the 4th quarter valued at approximately $53,114,000. Wasatch Advisors LP grew its position in shares of Bank OZK by 19.3% during the fourth quarter. Wasatch Advisors LP now owns 7,102,657 shares of the company's stock worth $316,281,000 after buying an additional 1,149,880 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Bank OZK in the fourth quarter worth $14,077,000. American Century Companies Inc. raised its holdings in Bank OZK by 12.3% in the fourth quarter. American Century Companies Inc. now owns 2,176,997 shares of the company's stock valued at $96,942,000 after acquiring an additional 238,810 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Bank OZK by 4.8% during 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 acquiring an additional 188,575 shares during the last quarter. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Bank OZK Stock Up 0.2 %

Shares of NASDAQ OZK traded up $0.10 during trading hours on Wednesday, hitting $43.77. The stock had a trading volume of 1,101,459 shares, compared to its average volume of 1,335,670. The firm's 50-day moving average price is $42.55 and its two-hundred day moving average price is $45.76. Bank OZK has a 52 week low of $35.71 and a 52 week high of $53.64. The company has a market capitalization of $4.97 billion, a P/E ratio of 7.13 and a beta of 0.85. 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 (NASDAQ:OZK - Get Free Report) last posted its earnings results on Wednesday, April 16th. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.42 by $0.05. The company had revenue of $409.23 million during the quarter, compared to the consensus estimate of $403.05 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. During the same period in the previous year, the firm posted $1.51 earnings per share. Analysts anticipate that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 14th were issued a dividend of $0.43 per share. This is a positive change from Bank OZK's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, April 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.93%. Bank OZK's dividend payout ratio is currently 28.20%.

Analysts Set New Price Targets

OZK has been the topic of several research analyst reports. Wells Fargo & Company reduced their price objective on Bank OZK from $48.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 9th. Stephens decreased their price target on shares of Bank OZK from $59.00 to $54.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Morgan Stanley cut their target price on shares of Bank OZK from $58.00 to $54.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. Finally, Keefe, Bruyette & Woods lowered their target price on Bank OZK from $50.00 to $48.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, Bank OZK presently has an average rating of "Hold" and a consensus target price of $49.13.

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.