Bank OZK (NASDAQ:OZK) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP trimmed its stake in Bank OZK (NASDAQ:OZK - Free Report) by 30.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 666,594 shares of the company's stock after selling 296,806 shares during the period. Two Sigma Investments LP owned about 0.59% of Bank OZK worth $29,683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Bank OZK Stock Down 0.6%

Shares of OZK stock traded down $0.29 during mid-day trading on Monday, hitting $44.44. 608,636 shares of the stock traded hands, compared to its average volume of 1,339,479. Bank OZK has a 52-week low of $35.71 and a 52-week high of $53.64. The stock has a market cap of $5.04 billion, a P/E ratio of 7.24 and a beta of 0.85. 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 stock's fifty day moving average is $42.82 and its two-hundred day moving average is $45.88.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its earnings results on Wednesday, April 16th. The company reported $1.47 EPS for the quarter, beating analysts' consensus estimates of $1.42 by $0.05. The company had revenue of $409.23 million during the quarter, compared to analysts' expectations of $403.05 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. During the same quarter in the prior year, the company posted $1.51 earnings per share. Equities analysts predict that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 14th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend was Monday, April 14th. This is a positive change from Bank OZK's previous quarterly dividend of $0.42. Bank OZK's dividend payout ratio is currently 28.20%.

Wall Street Analysts Forecast Growth

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

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.