Russell Investments Group Ltd. Has $6.77 Million Stake in Bank OZK (NASDAQ:OZK)

Russell Investments Group Ltd. decreased its holdings in Bank OZK (NASDAQ:OZK - Free Report) by 21.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 135,948 shares of the company's stock after selling 37,314 shares during the quarter. Russell Investments Group Ltd. owned 0.12% of Bank OZK worth $6,774,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in Bank OZK by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,994,821 shares of the company's stock valued at $111,018,000 after purchasing an additional 35,215 shares in the last quarter. Van Berkom & Associates Inc. raised its position in Bank OZK by 18.1% in the third quarter. Van Berkom & Associates Inc. now owns 2,031,518 shares of the company's stock worth $75,308,000 after acquiring an additional 311,293 shares in the last quarter. Newport Trust Company LLC lifted its holdings in Bank OZK by 0.8% in the 3rd quarter. Newport Trust Company LLC now owns 1,210,102 shares of the company's stock valued at $44,858,000 after acquiring an additional 9,857 shares during the last quarter. Jupiter Asset Management Ltd. boosted its position in shares of Bank OZK by 423.9% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,085,368 shares of the company's stock valued at $40,235,000 after purchasing an additional 878,212 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Bank OZK by 33.2% in the 3rd quarter. American Century Companies Inc. now owns 716,297 shares of the company's stock worth $26,553,000 after purchasing an additional 178,620 shares during the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

Bank OZK Stock Up 0.4 %

Shares of NASDAQ OZK traded up $0.19 during mid-day trading on Thursday, reaching $47.49. The company had a trading volume of 734,363 shares, compared to its average volume of 1,177,966. The stock has a market capitalization of $5.37 billion, a PE ratio of 7.95 and a beta of 1.24. Bank OZK has a twelve month low of $30.72 and a twelve month high of $52.36. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.03 and a current ratio of 1.01. The stock's 50 day moving average is $44.44 and its 200-day moving average is $44.17.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its quarterly earnings results on Thursday, April 18th. The company reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $1.44 by $0.07. The company had revenue of $406.02 million during the quarter, compared to the consensus estimate of $396.81 million. Bank OZK had a return on equity of 14.84% and a net margin of 28.54%. During the same period last year, the business earned $1.41 EPS. As a group, equities analysts anticipate that Bank OZK will post 6.04 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 12th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.28%. This is an increase from Bank OZK's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, April 11th. Bank OZK's payout ratio is currently 26.13%.

Wall Street Analyst Weigh In

OZK has been the subject of a number of research reports. Wells Fargo & Company reduced their target price on shares of Bank OZK from $41.00 to $39.00 and set an "underweight" rating for the company in a report on Thursday, February 1st. Citigroup cut their target price on Bank OZK from $62.00 to $57.00 and set a "buy" rating on the stock in a research report on Wednesday, March 13th. Truist Financial reduced their target price on Bank OZK from $48.00 to $47.00 and set a "hold" rating for the company in a report on Monday, April 22nd. Morgan Stanley restated an "equal weight" rating and set a $48.00 price objective on shares of Bank OZK in a report on Monday, April 22nd. Finally, StockNews.com cut shares of Bank OZK from a "hold" rating to a "sell" rating in a report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $49.14.

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.