Schonfeld Strategic Advisors LLC Has $3.77 Million Stock Holdings in Bank OZK (NASDAQ:OZK)

Schonfeld Strategic Advisors LLC trimmed its stake in Bank OZK (NASDAQ:OZK - Free Report) by 15.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 84,723 shares of the company's stock after selling 16,017 shares during the period. Schonfeld Strategic Advisors LLC owned about 0.07% of Bank OZK worth $3,773,000 as of its most recent SEC filing.

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

Bank OZK Stock Performance

NASDAQ:OZK traded up $0.10 during mid-day trading on Wednesday, hitting $43.77. 1,101,459 shares of the stock were exchanged, compared to its average volume of 1,334,088. The firm's 50-day simple moving average is $42.64 and its 200 day simple moving average is $45.77. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 7.13 and a beta of 0.85. Bank OZK has a fifty-two week low of $35.71 and a fifty-two week 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.

Bank OZK (NASDAQ:OZK - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The company reported $1.47 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $403.05 million. During the same period in the prior year, the company posted $1.51 earnings per share. As a group, equities 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. Shareholders 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 3.93%. The ex-dividend date of this dividend was Monday, April 14th. This is a positive change from Bank OZK's previous quarterly dividend of $0.42. Bank OZK's dividend payout ratio (DPR) is 28.20%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on OZK. Stephens cut 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 research report on Monday, April 21st. Wells Fargo & Company decreased their target price on Bank OZK from $48.00 to $40.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Morgan Stanley dropped their price target on Bank OZK from $58.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Finally, Keefe, Bruyette & Woods decreased their price objective on Bank OZK from $50.00 to $48.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. One investment 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. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price 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.