Quantinno Capital Management LP Acquires 33,162 Shares of Bank OZK (NASDAQ:OZK)

Quantinno Capital Management LP grew its position in Bank OZK (NASDAQ:OZK - Free Report) by 24.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 169,409 shares of the company's stock after purchasing an additional 33,162 shares during the quarter. Quantinno Capital Management LP owned approximately 0.15% of Bank OZK worth $7,544,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Barclays PLC boosted its holdings in shares of 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 acquiring an additional 59,907 shares in the last quarter. Wedmont Private Capital purchased a new stake in shares of Bank OZK in the fourth quarter valued at about $203,000. Park Avenue Securities LLC purchased a new stake in Bank OZK during the fourth quarter worth about $227,000. Merit Financial Group LLC purchased a new stake in Bank OZK during the fourth quarter worth about $307,000. Finally, KBC Group NV boosted its holdings in Bank OZK by 60.8% during the fourth quarter. KBC Group NV now owns 4,727 shares of the company's stock worth $210,000 after buying an additional 1,788 shares in the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on OZK shares. Wells Fargo & Company decreased their price objective on shares of Bank OZK from $48.00 to $40.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Stephens cut their price objective on shares of Bank OZK from $59.00 to $54.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. Keefe, Bruyette & Woods decreased their price objective on shares of Bank OZK from $50.00 to $48.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Finally, Morgan Stanley lowered their price target 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. One investment 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's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $49.13.

Bank OZK Stock Down 1.2%

NASDAQ OZK traded down $0.55 during trading hours on Wednesday, reaching $45.83. 127,519 shares of the company's stock were exchanged, compared to its average volume of 1,360,637. The company's 50-day moving average is $42.80 and its two-hundred day moving average is $45.91. Bank OZK has a one year low of $35.71 and a one year high of $53.64. 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 company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 7.46 and a beta of 0.85.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its earnings results on Wednesday, April 16th. The company reported $1.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.42 by $0.05. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The business had revenue of $409.23 million during the quarter, compared to analysts' expectations of $403.05 million. During the same period in the prior year, the business earned $1.51 EPS. On average, analysts forecast that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 14th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.75%. This is a boost from Bank OZK's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, April 14th. Bank OZK's dividend payout ratio is presently 28.20%.

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.