Cubist Systematic Strategies LLC Reduces Stock Position in Bank OZK (NASDAQ:OZK)

Cubist Systematic Strategies LLC cut its stake in Bank OZK (NASDAQ:OZK - Free Report) by 90.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,347 shares of the company's stock after selling 379,461 shares during the period. Cubist Systematic Strategies LLC's holdings in Bank OZK were worth $1,886,000 as of its most recent SEC filing.

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

Bank OZK Stock Up 0.9%

Shares of NASDAQ OZK traded up $0.44 on Friday, reaching $46.93. 914,463 shares of the company's stock traded hands, compared to its average volume of 1,340,746. Bank OZK has a 12 month low of $35.71 and a 12 month high of $53.64. The business's 50 day simple moving average is $42.67 and its two-hundred day simple moving average is $45.87. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 7.64 and a beta of 0.85. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16.

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

Bank OZK Increases Dividend

The company also recently declared 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 boost 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 3.67%. Bank OZK's dividend payout ratio is presently 28.20%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on OZK. Morgan Stanley dropped their target price 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. Stephens dropped their target price 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. Keefe, Bruyette & Woods dropped their target price on shares of Bank OZK from $50.00 to $48.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company dropped their target price on shares of Bank OZK from $48.00 to $40.00 and set an "equal weight" rating for the company in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, eight have given 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 an average price target of $49.13.

About Bank OZK

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.