D. E. Shaw & Co. Inc. Sells 87,239 Shares of Bank OZK (NASDAQ:OZK)

D. E. Shaw & Co. Inc. trimmed its stake in shares of Bank OZK (NASDAQ:OZK - Free Report) by 7.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,104,808 shares of the company's stock after selling 87,239 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.97% of Bank OZK worth $49,197,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OZK. O Shaughnessy Asset Management LLC lifted its holdings 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 worth $498,000 after buying an additional 193 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Bank OZK by 0.5% during the fourth quarter. Bank of Montreal Can now owns 46,832 shares of the company's stock worth $2,085,000 after buying an additional 241 shares in the last quarter. Principal Securities Inc. lifted its holdings in shares of Bank OZK by 12.7% during the fourth quarter. Principal Securities Inc. now owns 2,509 shares of the company's stock worth $112,000 after buying an additional 283 shares in the last quarter. Horrell Capital Management Inc. lifted its holdings 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 in the last quarter. Finally, Arizona State Retirement System lifted 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 buying an additional 305 shares in the last quarter. 86.18% of the stock is owned by institutional investors.

Bank OZK Price Performance

NASDAQ OZK traded up $1.70 during trading on Monday, hitting $46.31. 985,148 shares of the company's stock were exchanged, compared to its average volume of 1,336,023. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. The company has a market cap of $5.25 billion, a PE ratio of 7.54 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 stock's 50 day moving average price is $42.51 and its two-hundred day moving average price is $45.82.

Bank OZK (NASDAQ:OZK - Get Free Report) last issued its earnings results on Wednesday, April 16th. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.42 by $0.05. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The firm had revenue of $409.23 million during the quarter, compared to the consensus estimate of $403.05 million. During the same quarter in the previous year, the firm earned $1.51 earnings per share. Research analysts expect that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 14th were paid a $0.43 dividend. The ex-dividend date was Monday, April 14th. This represents a $1.72 annualized dividend and a dividend yield of 3.71%. This is an increase from Bank OZK's previous quarterly dividend of $0.42. Bank OZK's dividend payout ratio is currently 28.20%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on OZK. Stephens dropped their target price on Bank OZK from $59.00 to $54.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. 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. Wells Fargo & Company dropped their price target 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. Finally, Keefe, Bruyette & Woods dropped their price target 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. One 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, the stock currently has a consensus rating of "Hold" and an average 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.