Newport Trust Company LLC Has $57.38 Million Position in Bank OZK (NASDAQ:OZK)

Newport Trust Company LLC reduced its stake in shares of Bank OZK (NASDAQ:OZK - Free Report) by 4.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,151,528 shares of the company's stock after selling 58,574 shares during the period. Newport Trust Company LLC owned 1.02% of Bank OZK worth $57,381,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of OZK. Sowell Financial Services LLC boosted its holdings in Bank OZK by 2.3% in the fourth quarter. Sowell Financial Services LLC now owns 10,573 shares of the company's stock worth $527,000 after purchasing an additional 236 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in Bank OZK by 2.2% in the fourth quarter. Los Angeles Capital Management LLC now owns 11,374 shares of the company's stock worth $567,000 after purchasing an additional 246 shares in the last quarter. Beacon Pointe Advisors LLC boosted its holdings in Bank OZK by 4.1% in the fourth quarter. Beacon Pointe Advisors LLC now owns 6,247 shares of the company's stock worth $311,000 after purchasing an additional 247 shares in the last quarter. Cardinal Capital Management boosted its holdings in Bank OZK by 1.0% in the fourth quarter. Cardinal Capital Management now owns 30,704 shares of the company's stock worth $1,530,000 after purchasing an additional 292 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in Bank OZK by 25.5% in the third quarter. Fifth Third Bancorp now owns 1,487 shares of the company's stock worth $55,000 after purchasing an additional 302 shares in the last quarter. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Bank OZK Price Performance

NASDAQ:OZK traded down $0.52 during mid-day trading on Monday, hitting $47.98. The company's stock had a trading volume of 791,029 shares, compared to its average volume of 1,145,354. Bank OZK has a fifty-two week low of $34.24 and a fifty-two week high of $52.36. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 8.04 and a beta of 1.24. The stock has a fifty day moving average of $45.09 and a 200-day moving average of $44.89.

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 (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.07. Bank OZK had a net margin of 28.54% and a return on equity of 14.84%. The firm had revenue of $406.02 million during the quarter, compared to analyst estimates of $396.81 million. During the same quarter in the prior year, the business posted $1.41 earnings per share. As a group, equities analysts forecast that Bank OZK will post 6.07 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 12th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.25%. This is a boost from Bank OZK's previous quarterly dividend of $0.38. The ex-dividend date was Thursday, April 11th. Bank OZK's dividend payout ratio is currently 26.13%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Morgan Stanley reiterated an "equal weight" rating and issued a $48.00 price objective on shares of Bank OZK in a report on Monday, April 22nd. Citigroup cut 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. Keefe, Bruyette & Woods upped 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 lowered shares of Bank OZK from a "hold" rating to a "sell" rating in a research report on Friday, March 22nd. Finally, Wells Fargo & Company cut 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 equities research 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $49.14.

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.