Northern Trust Corp Grows Stock Holdings in Bank OZK (NASDAQ:OZK)

Northern Trust Corp increased its holdings in shares of Bank OZK (NASDAQ:OZK - Free Report) by 35.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,015,853 shares of the company's stock after acquiring an additional 263,913 shares during the period. Northern Trust Corp owned about 0.90% of Bank OZK worth $45,236,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Integrated Wealth Concepts LLC bought a new stake in shares of Bank OZK during the fourth quarter worth $3,302,000. Price T Rowe Associates Inc. MD raised its position in shares of Bank OZK by 8.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 70,182 shares of the company's stock worth $3,126,000 after acquiring an additional 5,173 shares during the last quarter. Dark Forest Capital Management LP lifted its stake in shares of Bank OZK by 139.3% in the 4th quarter. Dark Forest Capital Management LP now owns 23,524 shares of the company's stock valued at $1,048,000 after purchasing an additional 13,694 shares during the period. Twin Lions Management LLC acquired a new position in shares of Bank OZK in the 4th quarter valued at $11,516,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Bank OZK by 156.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,203 shares of the company's stock valued at $588,000 after purchasing an additional 8,064 shares during the period. 86.18% of the stock is currently owned by institutional investors.

Bank OZK Trading Up 3.8%

NASDAQ:OZK traded up $1.70 during trading hours on Monday, reaching $46.31. The company's stock had a trading volume of 985,148 shares, compared to its average volume of 1,336,023. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 7.54 and a beta of 0.85. The firm has a 50-day simple moving average of $42.49 and a 200-day simple moving average of $45.80. Bank OZK has a 1 year low of $35.71 and a 1 year high of $53.64. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.03.

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 analysts' consensus estimates of $1.42 by $0.05. The firm had revenue of $409.23 million for 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 previous year, the company earned $1.51 earnings per share. Research analysts expect that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 14th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Monday, April 14th. This represents a $1.72 annualized dividend and a yield of 3.71%. This is a positive change from Bank OZK's previous quarterly dividend of $0.42. Bank OZK's payout ratio is presently 28.20%.

Analyst Upgrades and Downgrades

OZK has been the topic of a number of analyst reports. Morgan Stanley cut their price target on Bank OZK from $58.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Keefe, Bruyette & Woods decreased their price objective on Bank OZK from $50.00 to $48.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Stephens reduced their price target on Bank OZK from $59.00 to $54.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Finally, Wells Fargo & Company reduced their price target on Bank OZK from $48.00 to $40.00 and set an "equal weight" rating for the company in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $49.13.

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.