Bank OZK (NASDAQ:OZK) Shares Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. lifted its holdings in Bank OZK (NASDAQ:OZK - Free Report) by 587.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,363 shares of the company's stock after acquiring an additional 38,763 shares during the period. Point72 Asset Management L.P.'s holdings in Bank OZK were worth $2,020,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Wasatch Advisors LP increased its holdings 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 purchasing an additional 1,149,880 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Bank OZK by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,130,006 shares of the company's stock valued at $183,909,000 after purchasing an additional 188,575 shares during the last quarter. First Trust Advisors LP grew its stake 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 during the last quarter. AQR Capital Management LLC grew its stake in Bank OZK by 12.6% during the 4th quarter. AQR Capital Management LLC now owns 2,811,354 shares of the company's stock valued at $125,190,000 after purchasing an additional 314,488 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Bank OZK by 12.3% in the 4th quarter. American Century Companies Inc. now owns 2,176,997 shares of the company's stock valued at $96,942,000 after buying an additional 238,810 shares during the period. Institutional investors own 86.18% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on OZK. Stephens reduced their price target 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. Wells Fargo & Company reduced their price target on Bank OZK from $48.00 to $40.00 and set an "equal weight" rating for the company in a report on Wednesday, April 9th. Keefe, Bruyette & Woods reduced their price target on 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 reduced 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $49.13.

Bank OZK Price Performance

Shares of Bank OZK stock traded down $0.29 during trading on Friday, hitting $44.44. 608,636 shares of the company were exchanged, compared to its average volume of 1,336,879. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16. Bank OZK has a fifty-two week low of $35.71 and a fifty-two week high of $53.64. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of 7.24 and a beta of 0.85. The firm has a 50 day moving average price of $42.82 and a 200 day moving average price of $45.91.

Bank OZK (NASDAQ:OZK - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.05. The company had revenue of $409.23 million during the quarter, compared to the consensus estimate 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 firm posted $1.51 EPS. On average, equities analysts expect that Bank OZK will post 6.02 earnings per share for the current fiscal 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 issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.87%. 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 is presently 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.