Mitsubishi UFJ Trust & Banking Corp Reduces Position in Bank OZK $OZK

Key Points

• Mitsubishi UFJ Trust & Banking cut its stake in Bank OZK by 17.2% in Q4, selling 23,330 shares and ending the quarter with 112,372 shares worth about $5.17 million (≈0.10% of the company).
• Bank OZK reported Q earnings of $1.44 EPS (missed estimates by $0.02) with revenue of $424.3M, and pays a quarterly dividend of $0.47 (annualized yield ~3.9%); the stock trades around a P/E of 7.9 and market cap of roughly $5.43B.
• Institutional ownership is high at about 86.2% (notable increases from UBS and others), while analysts show mixed views—consensus rating "Hold" with a target price of $56.89.

Mitsubishi UFJ Trust & Banking Corp cut its stake in shares of Bank OZK (NASDAQ:OZK - Free Report) by 17.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,372 shares of the company's stock after selling 23,330 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.10% of Bank OZK worth $5,171,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. M&T Bank Corp grew its holdings in shares of Bank OZK by 62.9% during the fourth quarter. M&T Bank Corp now owns 16,685 shares of the company's stock valued at $768,000 after buying an additional 6,445 shares during the last quarter. Comerica Bank grew its holdings in shares of Bank OZK by 1.2% during the fourth quarter. Comerica Bank now owns 35,023 shares of the company's stock valued at $1,612,000 after buying an additional 417 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of Bank OZK by 7.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 17,166 shares of the company's stock valued at $790,000 after buying an additional 1,119 shares during the last quarter. UBS Group AG grew its holdings in shares of Bank OZK by 13.4% during the fourth quarter. UBS Group AG now owns 531,843 shares of the company's stock valued at $24,475,000 after buying an additional 63,051 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Bank OZK during the fourth quarter valued at $200,000. 86.18% of the stock is owned by hedge funds and other institutional investors.

Bank OZK Stock Performance

OZK stock opened at $48.57 on Monday. The company's 50-day simple moving average is $46.59 and its 200-day simple moving average is $46.79. The company has a quick ratio of 1.02, a current ratio of 1.00 and a debt-to-equity ratio of 0.14. Bank OZK has a 52-week low of $42.37 and a 52-week high of $53.66. The firm has a market cap of $5.43 billion, a P/E ratio of 7.91 and a beta of 0.91.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its earnings results on Tuesday, April 21st. The company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.02). Bank OZK had a return on equity of 12.32% and a net margin of 25.27%.The firm had revenue of $424.32 million for the quarter, compared to analysts' expectations of $422.62 million. During the same period in the previous year, the company earned $1.47 earnings per share. The company's revenue was up 2.2% compared to the same quarter last year. As a group, equities analysts forecast that Bank OZK will post 6.03 EPS for the current fiscal year.

Bank OZK Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 20th. Investors of record on Monday, April 13th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Monday, April 13th. Bank OZK's dividend payout ratio is 30.62%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. UBS Group assumed coverage on shares of Bank OZK in a report on Tuesday, April 7th. They issued a "neutral" rating and a $48.00 price target on the stock. Citigroup reaffirmed a "sell" rating on shares of Bank OZK in a report on Monday, January 5th. TD Cowen lowered their price target on shares of Bank OZK from $56.00 to $54.00 and set a "buy" rating on the stock in a report on Thursday, January 22nd. Weiss Ratings raised shares of Bank OZK from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, April 21st. Finally, Stephens lowered their price target on shares of Bank OZK from $64.00 to $62.00 and set an "overweight" rating on the stock in a report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $56.89.

About Bank OZK

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank's core operations focus on commercial real estate lending, including acquisition, development and construction financing.

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