Nuveen Asset Management LLC Buys 6,053 Shares of Bank OZK (NASDAQ:OZK)

Nuveen Asset Management LLC grew its position in Bank OZK (NASDAQ:OZK - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 503,367 shares of the company's stock after purchasing an additional 6,053 shares during the period. Nuveen Asset Management LLC owned about 0.44% of Bank OZK worth $22,415,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wasatch Advisors LP increased its holdings in Bank OZK by 19.3% during the fourth quarter. Wasatch Advisors LP now owns 7,102,657 shares of the company's stock worth $316,281,000 after buying an additional 1,149,880 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Bank OZK by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,130,006 shares of the company's stock worth $183,909,000 after buying an additional 188,575 shares during the last quarter. First Trust Advisors LP increased its holdings in Bank OZK by 30.4% during the fourth quarter. First Trust Advisors LP now owns 2,945,480 shares of the company's stock worth $131,162,000 after buying an additional 686,775 shares during the last quarter. AQR Capital Management LLC increased its holdings in Bank OZK by 12.6% during the fourth quarter. AQR Capital Management LLC now owns 2,811,354 shares of the company's stock worth $125,190,000 after buying an additional 314,488 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Bank OZK by 12.3% during the fourth quarter. American Century Companies Inc. now owns 2,176,997 shares of the company's stock worth $96,942,000 after buying an additional 238,810 shares during the last quarter. Hedge funds and other institutional investors own 86.18% of the company's stock.

Bank OZK Price Performance

Shares of OZK stock traded up $0.09 during trading hours on Thursday, reaching $44.59. The stock had a trading volume of 83,605 shares, compared to its average volume of 1,331,943. The stock's fifty day simple moving average is $42.85 and its 200 day simple moving average is $45.85. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. Bank OZK has a 12 month low of $35.71 and a 12 month high of $53.64. The firm has a market capitalization of $5.06 billion, a PE ratio of 7.26 and a beta of 0.85.

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

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 14th were given a $0.43 dividend. 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 3.86%. The ex-dividend date was Monday, April 14th. Bank OZK's dividend payout ratio (DPR) is 28.20%.

Analyst Ratings Changes

A number of brokerages have weighed in on OZK. Morgan Stanley cut their target price on shares of Bank OZK from $58.00 to $54.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. 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 report on Wednesday, April 9th. Keefe, Bruyette & Woods cut their target price on shares of 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 shares of 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 investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has a consensus 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.