Two Sigma Advisers LP Sells 51,200 Shares of Bank OZK (NASDAQ:OZK)

Two Sigma Advisers LP reduced its stake in Bank OZK (NASDAQ:OZK - Free Report) by 14.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 309,000 shares of the company's stock after selling 51,200 shares during the period. Two Sigma Advisers LP owned about 0.27% of Bank OZK worth $13,760,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in OZK. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Bank OZK in the 4th quarter valued at approximately $27,000. Kestra Investment Management LLC bought a new position in Bank OZK in the 4th quarter valued at approximately $27,000. Smartleaf Asset Management LLC raised its holdings in Bank OZK by 176.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 761 shares of the company's stock valued at $34,000 after buying an additional 486 shares during the last quarter. V Square Quantitative Management LLC raised its holdings in Bank OZK by 81.3% in the 4th quarter. V Square Quantitative Management LLC now owns 948 shares of the company's stock valued at $42,000 after buying an additional 425 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in Bank OZK in the 4th quarter valued at approximately $54,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on OZK. 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 report on Monday, April 21st. 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 report 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 for the company in a report on Wednesday, April 9th. Finally, Morgan Stanley lowered their price target on shares of 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 analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $49.13.

Bank OZK Trading Up 1.2%

Shares of OZK stock traded up $0.55 during trading hours on Tuesday, hitting $44.99. 150,237 shares of the company were exchanged, compared to its average volume of 1,334,883. The company has a 50 day simple moving average of $42.82 and a two-hundred day simple moving average of $45.86. The firm has a market cap of $5.10 billion, a P/E ratio of 7.33 and a beta of 0.85. 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 has a fifty-two week low of $35.71 and a fifty-two week high of $53.64.

Bank OZK (NASDAQ:OZK - Get Free Report) last released its quarterly earnings data 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 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 quarter in the previous year, the business posted $1.51 EPS. Equities analysts anticipate that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 14th were paid a $0.43 dividend. The ex-dividend date of this dividend was Monday, April 14th. This represents a $1.72 annualized dividend and a dividend yield of 3.82%. This is a positive change from Bank OZK's previous quarterly dividend of $0.42. Bank OZK's payout ratio 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.