Sapience Investments LLC Sells 6,652 Shares of Bank OZK (NASDAQ:OZK)

Sapience Investments LLC lessened its stake in Bank OZK (NASDAQ:OZK - Free Report) by 14.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,398 shares of the company's stock after selling 6,652 shares during the quarter. Sapience Investments LLC's holdings in Bank OZK were worth $1,799,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC grew its position in shares of Bank OZK by 30.7% in the 3rd 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 during the period. Wedmont Private Capital bought a new position in Bank OZK during the 4th quarter worth $203,000. Park Avenue Securities LLC acquired a new stake in Bank OZK during the fourth quarter worth about $227,000. Merit Financial Group LLC acquired a new position in shares of Bank OZK during the 4th quarter worth $307,000. Finally, KBC Group NV lifted its holdings in shares of Bank OZK by 60.8% in the fourth quarter. KBC Group NV now owns 4,727 shares of the company's stock worth $210,000 after acquiring an additional 1,788 shares during the last quarter. Institutional investors and hedge funds own 86.18% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Stephens decreased their price target on shares of Bank OZK from $59.00 to $54.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Wells Fargo & Company cut their target price on shares of Bank OZK from $48.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Keefe, Bruyette & Woods lowered their price target 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, Morgan Stanley dropped their price target on Bank OZK from $58.00 to $54.00 and set an "equal weight" rating for the company in a research note on Thursday, March 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $49.13.

Bank OZK Trading Down 0.0%

OZK traded down $0.01 during trading on Thursday, reaching $44.87. 316,364 shares of the company's stock were exchanged, compared to its average volume of 1,333,126. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. Bank OZK has a one year low of $35.71 and a one year high of $53.64. The firm has a fifty day moving average price of $42.81 and a two-hundred day moving average price of $45.90. The stock has a market capitalization of $5.09 billion, a PE ratio of 7.31 and a beta of 0.85.

Bank OZK (NASDAQ:OZK - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The company reported $1.47 EPS for the quarter, topping 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 company had revenue of $409.23 million for the quarter, compared to analyst estimates of $403.05 million. During the same quarter in the previous year, the business earned $1.51 earnings per share. As a group, equities research analysts forecast that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 14th were paid a $0.43 dividend. This is a positive change from Bank OZK's previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date was Monday, April 14th. Bank OZK's payout ratio is currently 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.