Dimensional Fund Advisors LP Sells 144,528 Shares of Bank OZK (NASDAQ:OZK)

Dimensional Fund Advisors LP lessened its holdings in shares of Bank OZK (NASDAQ:OZK - Free Report) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,689,133 shares of the company's stock after selling 144,528 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.91% of Bank OZK worth $333,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Qube Research & Technologies Ltd purchased a new position in shares of Bank OZK during the 3rd quarter valued at $10,788,000. Comerica Bank bought a new stake in shares of Bank OZK in the 3rd quarter worth about $4,252,000. Pathstone Family Office LLC bought a new stake in shares of Bank OZK in the 3rd quarter worth about $667,000. Redmont Wealth Advisors LLC increased its holdings in shares of Bank OZK by 36.9% in the 4th quarter. Redmont Wealth Advisors LLC now owns 16,542 shares of the company's stock worth $824,000 after buying an additional 4,462 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in shares of Bank OZK by 58.1% in the 3rd quarter. Treasurer of the State of North Carolina now owns 78,595 shares of the company's stock worth $2,914,000 after buying an additional 28,893 shares during the last quarter. Hedge funds and other institutional investors own 86.18% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on OZK. Morgan Stanley reiterated an "equal weight" rating and set a $48.00 price target on shares of Bank OZK in a report on Monday, April 22nd. Keefe, Bruyette & Woods boosted their price objective on shares of Bank OZK from $45.00 to $47.00 and gave the company a "market perform" rating in a research report on Monday, April 22nd. StockNews.com cut shares of Bank OZK from a "hold" rating to a "sell" rating in a research report on Friday, March 22nd. Citigroup lowered their price objective on shares of Bank OZK from $62.00 to $57.00 and set a "buy" rating for the company in a research report on Wednesday, March 13th. Finally, Wells Fargo & Company lowered their price objective on shares of Bank OZK from $41.00 to $39.00 and set an "underweight" rating for the company in a research report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $49.14.

Bank OZK Stock Performance

Shares of NASDAQ:OZK traded up $0.42 during midday trading on Monday, reaching $48.20. The company's stock had a trading volume of 675,496 shares, compared to its average volume of 1,166,488. The firm has a market capitalization of $5.45 billion, a PE ratio of 8.10 and a beta of 1.24. Bank OZK has a twelve month low of $31.61 and a twelve month high of $52.36. The stock has a fifty day moving average of $44.53 and a 200 day moving average of $44.37. The company has a quick ratio of 1.03, a current ratio of 1.01 and a debt-to-equity ratio of 0.14.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its quarterly earnings data on Thursday, April 18th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.07. The business had revenue of $406.02 million for the quarter, compared to the consensus estimate of $396.81 million. Bank OZK had a net margin of 28.54% and a return on equity of 14.84%. During the same period last year, the firm posted $1.41 earnings per share. On average, equities analysts expect that Bank OZK will post 6.07 EPS for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 12th were paid a $0.39 dividend. This is an increase from Bank OZK's previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend was Thursday, April 11th. Bank OZK's dividend payout ratio (DPR) is currently 26.13%.

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.