Fuller & Thaler Asset Management Inc. Sells 667 Shares of Bank OZK (NASDAQ:OZK)

Fuller & Thaler Asset Management Inc. decreased its position in Bank OZK (NASDAQ:OZK) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 486,428 shares of the company’s stock after selling 667 shares during the period. Fuller & Thaler Asset Management Inc. owned 0.43% of Bank OZK worth $21,661,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of OZK. Norges Bank purchased a new stake in shares of Bank OZK during the fourth quarter valued at approximately $53,114,000. Wasatch Advisors LP grew its stake in Bank OZK by 19.3% in the 4th quarter. Wasatch Advisors LP now owns 7,102,657 shares of the company’s stock valued at $316,281,000 after purchasing an additional 1,149,880 shares during the period. First Trust Advisors LP increased its position in shares of Bank OZK by 30.4% during the 4th quarter. First Trust Advisors LP now owns 2,945,480 shares of the company’s stock valued at $131,162,000 after purchasing an additional 686,775 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Bank OZK during the 4th quarter worth $14,077,000. Finally, Twin Lions Management LLC purchased a new position in shares of Bank OZK in the 4th quarter worth about $11,516,000. Institutional investors own 86.18% of the company’s stock.

Bank OZK Trading Up 1.6 %

NASDAQ:OZK opened at $42.63 on Friday. The company has a market cap of $4.84 billion, a P/E ratio of 6.94 and a beta of 1.05. 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 current ratio of 1.03 and a quick ratio of 1.02. The stock’s fifty day moving average price is $43.50 and its two-hundred day moving average price is $45.79.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Wednesday, April 16th. The company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.05. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The business had revenue of $409.23 million for the quarter, compared to analysts’ expectations of $403.05 million. During the same quarter in the prior year, the firm posted $1.51 EPS. As a group, analysts expect that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The company 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 4.03%. This is a boost from Bank OZK’s previous quarterly dividend of $0.42. Bank OZK’s payout ratio is currently 28.20%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on OZK. Stephens decreased their price objective 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. Wells Fargo & Company decreased their price target on shares of Bank OZK from $48.00 to $40.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods dropped their price objective on Bank OZK from $50.00 to $48.00 and set a “market perform” rating on the stock in a research note on Tuesday. Finally, Morgan Stanley decreased their target price on Bank OZK from $58.00 to $54.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Bank OZK has an average rating of “Hold” and an average target price of $49.13.

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.