Canada Pension Plan Investment Board Takes Position in Bank OZK (NASDAQ:OZK)

Canada Pension Plan Investment Board purchased a new stake in Bank OZK (NASDAQ:OZK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 76,700 shares of the company's stock, valued at approximately $3,415,000. Canada Pension Plan Investment Board owned approximately 0.07% of Bank OZK as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in OZK. Barclays PLC raised its holdings in 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 in the last quarter. Rule One Partners LLC acquired a new position in Bank OZK in the 3rd quarter valued at approximately $1,720,000. GAMMA Investing LLC raised its holdings in shares of Bank OZK by 14.6% in the 4th quarter. GAMMA Investing LLC now owns 4,758 shares of the company's stock worth $212,000 after buying an additional 606 shares in the last quarter. CWA Asset Management Group LLC lifted its position in shares of Bank OZK by 23.8% during the 4th quarter. CWA Asset Management Group LLC now owns 20,709 shares of the company's stock worth $922,000 after buying an additional 3,986 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Bank OZK by 1.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 56,592 shares of the company's stock valued at $2,433,000 after buying an additional 681 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on OZK. Morgan Stanley reduced their target price 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. Wells Fargo & Company reduced 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 note on Wednesday, April 9th. Keefe, Bruyette & Woods reduced their target price on shares of Bank OZK from $50.00 to $48.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Finally, Stephens reduced their target price on shares of Bank OZK from $59.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $49.13.

Bank OZK Price Performance

Shares of Bank OZK stock traded up $0.33 during trading on Monday, reaching $43.05. The company's stock had a trading volume of 997,516 shares, compared to its average volume of 1,332,834. The stock has a market capitalization of $4.88 billion, a P/E ratio of 7.01 and a beta of 1.05. Bank OZK has a one year low of $35.71 and a one year high of $53.64. 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 stock has a 50-day moving average price of $43.18 and a two-hundred day moving average price of $45.85.

Bank OZK (NASDAQ:OZK - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.05. The firm had revenue of $409.23 million during the quarter, compared to analysts' expectations 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 business posted $1.51 EPS. As a group, sell-side analysts anticipate that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Shareholders 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. This represents a $1.72 annualized dividend and a yield of 4.00%. The ex-dividend date was Monday, April 14th. Bank OZK's payout ratio is currently 28.20%.

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.