Teacher Retirement System of Texas Has $1.32 Million Holdings in Bank OZK (NASDAQ:OZK)

Teacher Retirement System of Texas decreased its holdings in Bank OZK (NASDAQ:OZK - Free Report) by 20.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,464 shares of the company's stock after selling 8,066 shares during the quarter. Teacher Retirement System of Texas' holdings in Bank OZK were worth $1,324,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. CX Institutional acquired a new position in Bank OZK in the 1st quarter worth approximately $30,000. Bruce G. Allen Investments LLC boosted its stake in Bank OZK by 4,828.6% in the 1st quarter. Bruce G. Allen Investments LLC now owns 1,035 shares of the company's stock worth $45,000 after purchasing an additional 1,014 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Bank OZK in the 4th quarter worth approximately $54,000. UMB Bank n.a. boosted its stake in Bank OZK by 2,014.3% in the 1st quarter. UMB Bank n.a. now owns 1,480 shares of the company's stock worth $64,000 after purchasing an additional 1,410 shares during the period. Finally, Whipplewood Advisors LLC boosted its stake in Bank OZK by 1,052.0% in the 1st quarter. Whipplewood Advisors LLC now owns 1,993 shares of the company's stock worth $87,000 after purchasing an additional 1,820 shares during the period. Institutional investors and hedge funds own 86.18% of the company's stock.

Bank OZK Stock Down 0.1%

Shares of NASDAQ:OZK traded down $0.07 during trading on Friday, reaching $51.58. 1,045,251 shares of the company traded hands, compared to its average volume of 1,211,873. The firm has a fifty day simple moving average of $46.43 and a 200 day simple moving average of $45.74. The firm has a market cap of $5.87 billion, a P/E ratio of 8.46 and a beta of 0.85. Bank OZK has a 1-year low of $35.71 and a 1-year high of $53.64. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.14.

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 (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.05. Bank OZK had a net margin of 25.66% and a return on equity of 13.46%. The business had revenue of $409.23 million during the quarter, compared to analyst estimates of $403.05 million. During the same quarter in the previous year, the business earned $1.51 EPS. Analysts anticipate that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Friday, July 11th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Friday, July 11th. This is a positive change from Bank OZK's previous quarterly dividend of $0.43. Bank OZK's payout ratio is presently 28.85%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Stephens decreased 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 research note on Monday, April 21st. Raymond James Financial raised shares of Bank OZK from a "market perform" rating to an "outperform" rating and set a $58.00 target price for the company in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods decreased 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 note on Tuesday, April 22nd. Finally, Wells Fargo & Company lifted their target price on shares of Bank OZK from $40.00 to $48.00 and gave the company an "equal weight" rating in a research note on Thursday. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $52.75.

About Bank OZK

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.