Neo Ivy Capital Management Lowers Stock Holdings in Bank OZK (NASDAQ:OZK)

Neo Ivy Capital Management lessened its stake in shares of Bank OZK (NASDAQ:OZK - Free Report) by 68.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,946 shares of the company's stock after selling 38,288 shares during the quarter. Neo Ivy Capital Management's holdings in Bank OZK were worth $799,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OZK. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Bank OZK in the 4th quarter valued at about $27,000. Kestra Investment Management LLC bought a new position in Bank OZK during the 4th quarter worth $27,000. Smartleaf Asset Management LLC grew its stake in Bank OZK by 176.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 761 shares of the company's stock worth $34,000 after buying an additional 486 shares during the last quarter. V Square Quantitative Management LLC grew its stake in shares of Bank OZK by 81.3% in the fourth quarter. V Square Quantitative Management LLC now owns 948 shares of the company's stock worth $42,000 after purchasing an additional 425 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Bank OZK in the fourth quarter worth $54,000. Hedge funds and other institutional investors own 86.18% of the company's stock.

Bank OZK Price Performance

Shares of OZK traded up $1.05 during trading hours on Tuesday, reaching $45.49. The stock had a trading volume of 577,450 shares, compared to its average volume of 1,336,434. The stock has a market capitalization of $5.16 billion, a PE ratio of 7.41 and a beta of 0.85. Bank OZK has a 12 month low of $35.71 and a 12 month high of $53.64. The company's 50-day moving average is $42.85 and its two-hundred day moving average is $45.86. 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 (NASDAQ:OZK - Get Free Report) last released its quarterly 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. 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 the consensus estimate of $403.05 million. During the same quarter in the previous year, the business earned $1.51 EPS. Research analysts expect that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 14th were issued a $0.43 dividend. The ex-dividend date was Monday, April 14th. This represents a $1.72 annualized dividend and a dividend yield of 3.78%. This is a boost from Bank OZK's previous quarterly dividend of $0.42. Bank OZK's dividend payout ratio is presently 28.20%.

Wall Street Analysts Forecast Growth

OZK has been the topic of several research reports. Morgan Stanley dropped their target price on 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 lowered their target price on Bank OZK from $48.00 to $40.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Keefe, Bruyette & Woods reduced their price objective on Bank OZK from $50.00 to $48.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Finally, Stephens cut their target price on Bank OZK from $59.00 to $54.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Bank OZK presently has an average rating of "Hold" and an average price target of $49.13.

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.