Point72 Asia Singapore Pte. Ltd. Sells 416 Shares of Bank OZK (NASDAQ:OZK)

Point72 Asia Singapore Pte. Ltd. lowered its holdings in Bank OZK (NASDAQ:OZK) by 9.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,211 shares of the company’s stock after selling 416 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Bank OZK were worth $187,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC grew its position in Bank OZK by 1.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 11,184 shares of the company’s stock valued at $498,000 after purchasing an additional 193 shares in the last quarter. Bank of Montreal Can lifted its stake in Bank OZK by 0.5% in the fourth quarter. Bank of Montreal Can now owns 46,832 shares of the company’s stock valued at $2,085,000 after acquiring an additional 241 shares during the last quarter. Principal Securities Inc. lifted its stake in Bank OZK by 12.7% in the fourth quarter. Principal Securities Inc. now owns 2,509 shares of the company’s stock valued at $112,000 after acquiring an additional 283 shares during the last quarter. Horrell Capital Management Inc. lifted its stake in Bank OZK by 0.3% in the fourth quarter. Horrell Capital Management Inc. now owns 106,878 shares of the company’s stock valued at $4,759,000 after acquiring an additional 304 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in Bank OZK by 1.0% in the fourth quarter. Arizona State Retirement System now owns 31,253 shares of the company’s stock valued at $1,392,000 after acquiring an additional 305 shares during the last quarter. Institutional investors own 86.18% of the company’s stock.

Bank OZK Stock Performance

NASDAQ OZK opened at $46.93 on Friday. The firm has a 50-day moving average of $42.67 and a 200-day moving average of $45.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.03. The stock has a market cap of $5.32 billion, a PE ratio of 7.64 and a beta of 0.85. Bank OZK has a 52-week low of $35.71 and a 52-week high of $53.64.

Bank OZK (NASDAQ:OZK) last posted its earnings results 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. The company had revenue of $409.23 million during 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 last year, the company posted $1.51 EPS. On average, sell-side analysts anticipate that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 14th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date was Monday, April 14th. This is a boost from Bank OZK’s previous quarterly dividend of $0.42. Bank OZK’s dividend payout ratio (DPR) is currently 28.20%.

Analyst Upgrades and Downgrades

A number of analysts have commented on OZK shares. Stephens cut their price target on shares of Bank OZK from $59.00 to $54.00 and set an “equal weight” rating for the company in a research note on Monday, April 21st. Keefe, Bruyette & Woods cut their price target on shares of Bank OZK from $50.00 to $48.00 and set a “market perform” rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley cut their price target on shares of Bank OZK from $58.00 to $54.00 and set an “equal weight” rating for the company in a research note on Thursday, March 13th. Finally, Wells Fargo & Company cut 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. One 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus 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.