Aquatic Capital Management LLC Sells 34,210 Shares of Bank OZK (NASDAQ:OZK)

Aquatic Capital Management LLC trimmed its stake in shares of Bank OZK (NASDAQ:OZK - Free Report) by 42.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,290 shares of the company's stock after selling 34,210 shares during the period. Aquatic Capital Management LLC's holdings in Bank OZK were worth $2,061,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in OZK. O Shaughnessy Asset Management LLC raised its stake in Bank OZK by 1.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,184 shares of the company's stock valued at $498,000 after purchasing an additional 193 shares during the period. Bank of Montreal Can lifted its stake in Bank OZK by 0.5% in the 4th quarter. Bank of Montreal Can now owns 46,832 shares of the company's stock worth $2,085,000 after acquiring an additional 241 shares in the last quarter. Principal Securities Inc. boosted its position in Bank OZK by 12.7% during the 4th quarter. Principal Securities Inc. now owns 2,509 shares of the company's stock worth $112,000 after acquiring an additional 283 shares during the period. Horrell Capital Management Inc. grew its stake in Bank OZK by 0.3% during the 4th quarter. Horrell Capital Management Inc. now owns 106,878 shares of the company's stock valued at $4,759,000 after acquiring an additional 304 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Bank OZK by 1.0% in the 4th quarter. Arizona State Retirement System now owns 31,253 shares of the company's stock valued at $1,392,000 after purchasing an additional 305 shares during the period. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Bank OZK Trading Up 2.2 %

Shares of OZK stock traded up $0.93 on Friday, hitting $44.15. The company had a trading volume of 941,822 shares, compared to its average volume of 1,336,183. 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 has a twelve month low of $35.71 and a twelve month high of $53.64. The stock's 50-day moving average is $42.80 and its two-hundred day moving average is $45.79. The firm has a market cap of $5.01 billion, a P/E ratio of 7.19 and a beta of 0.85.

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

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 14th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date was Monday, April 14th. This is an increase from Bank OZK's previous quarterly dividend of $0.42. Bank OZK's dividend payout ratio (DPR) is 28.20%.

Analyst Upgrades and Downgrades

OZK has been the topic of a number of research reports. Morgan Stanley dropped their price target on shares of 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. Stephens lowered their price target on Bank OZK from $59.00 to $54.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Keefe, Bruyette & Woods decreased their target price on 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, Wells Fargo & Company dropped 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. 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's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target 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.