Bank OZK (NASDAQ:OZK) Shares Sold by Teza Capital Management LLC

Teza Capital Management LLC lowered its position in shares of Bank OZK (NASDAQ:OZK - Free Report) by 43.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,498 shares of the company's stock after selling 25,880 shares during the period. Teza Capital Management LLC's holdings in Bank OZK were worth $1,492,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC lifted its position in shares of Bank OZK by 30.7% in the 3rd quarter. Barclays PLC now owns 254,874 shares of the company's stock worth $10,958,000 after purchasing an additional 59,907 shares during the period. Park Avenue Securities LLC purchased a new stake in Bank OZK in the fourth quarter worth about $227,000. Merit Financial Group LLC purchased a new stake in Bank OZK in the fourth quarter worth about $307,000. KBC Group NV grew its holdings in Bank OZK by 60.8% in the fourth quarter. KBC Group NV now owns 4,727 shares of the company's stock worth $210,000 after purchasing an additional 1,788 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in Bank OZK by 2.1% in the fourth quarter. Pacer Advisors Inc. now owns 15,733 shares of the company's stock worth $701,000 after purchasing an additional 325 shares during the period. Hedge funds and other institutional investors own 86.18% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on OZK shares. Keefe, Bruyette & Woods reduced 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 note on Tuesday, April 22nd. Wells Fargo & Company dropped 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 report on Wednesday, April 9th. Morgan Stanley dropped 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 report on Thursday, March 13th. Finally, Stephens lowered their price target on shares of Bank OZK from $59.00 to $54.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Bank OZK has an average rating of "Hold" and an average price target of $49.13.

Bank OZK Trading Down 0.6%

OZK stock traded down $0.29 during mid-day trading on Friday, reaching $44.44. 608,636 shares of the stock traded hands, compared to its average volume of 1,339,479. The stock has a market capitalization of $5.04 billion, a PE ratio of 7.24 and a beta of 0.85. 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 quick ratio of 1.02 and a current ratio of 1.03. The business has a 50-day moving average price of $42.82 and a two-hundred day moving average price of $45.89.

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

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 14th were paid a dividend of $0.43 per share. This is a positive change from Bank OZK's previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date was Monday, April 14th. Bank OZK's payout ratio is currently 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.