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

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

Several other institutional investors have also recently added to or reduced their stakes in OZK. Norges Bank acquired a new position in Bank OZK in the 4th quarter valued at about $53,114,000. Wasatch Advisors LP raised its stake in Bank OZK by 19.3% in the 4th quarter. Wasatch Advisors LP now owns 7,102,657 shares of the company's stock valued at $316,281,000 after purchasing an additional 1,149,880 shares during the last quarter. First Trust Advisors LP raised its stake in Bank OZK by 30.4% in 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. Raymond James Financial Inc. acquired a new position in Bank OZK in the 4th quarter valued at about $14,077,000. Finally, AQR Capital Management LLC raised its stake in Bank OZK by 12.6% in 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. Institutional investors and hedge funds own 86.18% of the company's stock.

Bank OZK Trading Up 0.9%

NASDAQ OZK opened at $46.93 on Monday. Bank OZK has a 12 month low of $35.71 and a 12 month high of $53.64. The company has a 50-day moving average of $42.67 and a 200-day moving average of $45.89. 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 company has a market cap of $5.32 billion, a P/E ratio of 7.64 and a beta of 0.85.

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, topping 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 analysts' expectations of $403.05 million. During the same quarter in the previous year, the business earned $1.51 EPS. As a group, equities analysts predict that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The company also recently announced 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. The ex-dividend date was Monday, April 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.67%. This is a boost from Bank OZK's previous quarterly dividend of $0.42. Bank OZK's payout ratio is presently 28.20%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on OZK shares. Wells Fargo & Company cut their target price on shares of Bank OZK from $48.00 to $40.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Stephens dropped their price objective 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. Morgan Stanley dropped their price objective on shares of Bank OZK from $58.00 to $54.00 and set an "equal weight" rating for the company in a research note on Thursday, March 13th. 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 note on Tuesday, April 22nd. One research 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 currently has a consensus rating of "Hold" and an average price target of $49.13.

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.

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