Dimensional Fund Advisors LP Sells 104,812 Shares of Bank OZK (NASDAQ:OZK)

Dimensional Fund Advisors LP decreased its position in Bank OZK (NASDAQ:OZK - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,611,620 shares of the company's stock after selling 104,812 shares during the quarter. Dimensional Fund Advisors LP owned 5.83% of Bank OZK worth $294,416,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in OZK. Norges Bank bought a new stake in Bank OZK during the fourth quarter worth about $53,114,000. Wasatch Advisors LP grew its position in Bank OZK by 19.3% during the 4th quarter. Wasatch Advisors LP now owns 7,102,657 shares of the company's stock worth $316,281,000 after acquiring an additional 1,149,880 shares during the last quarter. First Trust Advisors LP increased its holdings in Bank OZK by 30.4% during the 4th quarter. First Trust Advisors LP now owns 2,945,480 shares of the company's stock valued at $131,162,000 after purchasing an additional 686,775 shares in the last quarter. Raymond James Financial Inc. bought a new position in Bank OZK in the 4th quarter valued at $14,077,000. Finally, American Century Companies Inc. boosted its stake in Bank OZK by 12.3% in the fourth quarter. American Century Companies Inc. now owns 2,176,997 shares of the company's stock worth $96,942,000 after purchasing an additional 238,810 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company's stock.

Wall Street Analyst Weigh In

OZK has been the subject of a number of research analyst reports. Morgan Stanley cut their price target on 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 research note on Monday, April 21st. Wells Fargo & Company decreased their price target 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. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Bank OZK from $50.00 to $48.00 and set a "market perform" rating for the company in a research report on Tuesday. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Bank OZK has a consensus rating of "Hold" and an average target price of $49.13.

Bank OZK Trading Up 0.2 %

OZK traded up $0.09 during trading on Friday, reaching $42.72. 811,977 shares of the company's stock were exchanged, compared to its average volume of 1,332,247. The company's fifty day moving average price is $43.33 and its 200-day moving average price is $45.80. The firm has a market capitalization of $4.85 billion, a PE ratio of 6.96 and a beta of 1.05. 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 data on Wednesday, April 16th. The company reported $1.47 EPS for the quarter, beating analysts' consensus estimates of $1.42 by $0.05. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The business had revenue of $409.23 million during the quarter, compared to the consensus estimate of $403.05 million. During the same quarter in the prior year, the company posted $1.51 earnings per share. As a group, equities analysts forecast that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 14th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.03%. This is an increase from Bank OZK's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, April 14th. Bank OZK's dividend payout ratio (DPR) 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.