Man Group plc Sells 45,693 Shares of Bank OZK (NASDAQ:OZK)

Man Group plc reduced its stake in shares of Bank OZK (NASDAQ:OZK - Free Report) by 68.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 21,200 shares of the company's stock after selling 45,693 shares during the period. Man Group plc's holdings in Bank OZK were worth $944,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Nuveen Asset Management LLC raised its position in Bank OZK by 1.2% in the 4th quarter. Nuveen Asset Management LLC now owns 503,367 shares of the company's stock worth $22,415,000 after purchasing an additional 6,053 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Bank OZK by 23.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,973 shares of the company's stock worth $1,825,000 after purchasing an additional 7,879 shares during the period. Janus Henderson Group PLC raised its position in Bank OZK by 5.7% in the 4th quarter. Janus Henderson Group PLC now owns 48,087 shares of the company's stock worth $2,142,000 after purchasing an additional 2,600 shares during the period. Jefferies Financial Group Inc. purchased a new position in Bank OZK in the 4th quarter worth $853,000. Finally, Gotham Asset Management LLC raised its position in Bank OZK by 8.1% in the 4th quarter. Gotham Asset Management LLC now owns 5,842 shares of the company's stock worth $260,000 after purchasing an additional 436 shares during the period. 86.18% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on OZK. Stephens decreased 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 report on Monday, April 21st. Morgan Stanley decreased their price objective on shares of 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. Wells Fargo & Company decreased their price objective on shares of Bank OZK from $48.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods cut 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $49.13.

Bank OZK Stock Up 0.2%

NASDAQ:OZK traded up $0.10 during mid-day trading on Thursday, hitting $44.60. 83,605 shares of the company's stock were exchanged, compared to its average volume of 1,331,943. Bank OZK has a one year low of $35.71 and a one year high of $53.64. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. The business has a fifty day moving average price of $42.85 and a 200 day moving average price of $45.85. The company has a market cap of $5.06 billion, a PE ratio of 7.26 and a beta of 0.85.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its quarterly earnings data 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 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 analyst estimates of $403.05 million. During the same quarter in the previous year, the firm posted $1.51 earnings per share. Equities analysts predict that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 14th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Monday, April 14th. This represents a $1.72 annualized dividend and a yield of 3.86%. This is a positive change from Bank OZK's previous quarterly dividend of $0.42. Bank OZK's payout ratio is presently 28.20%.

About Bank OZK

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.