Bank OZK (NASDAQ:OZK) Stock Holdings Lessened by Rhumbline Advisers

Rhumbline Advisers cut its position in Bank OZK (NASDAQ:OZK - Free Report) by 10.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 307,910 shares of the company's stock after selling 34,507 shares during the period. Rhumbline Advisers owned 0.27% of Bank OZK worth $13,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Kestra Investment Management LLC acquired a new position in Bank OZK in the fourth quarter valued at about $27,000. Smartleaf Asset Management LLC raised its holdings in Bank OZK by 176.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 761 shares of the company's stock valued at $34,000 after acquiring an additional 486 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in Bank OZK by 81.3% in the fourth 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. Aster Capital Management DIFC Ltd acquired a new stake in Bank OZK in the fourth quarter valued at $54,000. Finally, Jones Financial Companies Lllp lifted its holdings in Bank OZK by 44.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,095 shares of the company's stock worth $93,000 after buying an additional 643 shares during the last quarter. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Bank OZK Trading Down 0.3%

NASDAQ OZK traded down $0.14 during mid-day trading on Thursday, hitting $45.58. The company's stock had a trading volume of 433,390 shares, compared to its average volume of 1,260,236. 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 firm has a market capitalization of $5.17 billion, a P/E ratio of 7.42 and a beta of 0.85. The stock's fifty day simple moving average is $43.23 and its two-hundred day simple moving average is $45.64. Bank OZK has a 52-week low of $35.71 and a 52-week high of $53.64.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its quarterly earnings data 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 net margin of 25.83% and a return on equity of 13.90%. The company had revenue of $409.23 million for the quarter, compared to analyst estimates of $403.05 million. During the same quarter last year, the firm posted $1.51 earnings per share. Research analysts expect that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 14th were issued a $0.43 dividend. This is an increase from Bank OZK's previous quarterly dividend of $0.42. The ex-dividend date was Monday, April 14th. This represents a $1.72 annualized dividend and a dividend yield of 3.77%. Bank OZK's dividend payout ratio (DPR) is 28.20%.

Analysts Set New Price Targets

OZK has been the topic of several recent analyst reports. Keefe, Bruyette & Woods dropped their price target on shares of Bank OZK from $50.00 to $48.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley dropped their target price on shares of 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. Stephens reduced their price target 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. Finally, Wells Fargo & Company decreased 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 research note on Wednesday, April 9th. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $50.86.

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.