Bank OZK (NASDAQ:OZK) Holdings Trimmed by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its position in shares of Bank OZK (NASDAQ:OZK) by 1.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,504,568 shares of the company’s stock after selling 107,052 shares during the period. Dimensional Fund Advisors LP owned 5.73% of Bank OZK worth $282,622,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OZK. Wells Fargo & Company MN grew its holdings in shares of Bank OZK by 11.3% during the 4th quarter. Wells Fargo & Company MN now owns 78,014 shares of the company’s stock valued at $3,474,000 after acquiring an additional 7,945 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Bank OZK by 10.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 135,139 shares of the company’s stock valued at $6,018,000 after acquiring an additional 12,663 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Bank OZK by 6.3% during the 4th quarter. Invesco Ltd. now owns 573,572 shares of the company’s stock valued at $25,541,000 after acquiring an additional 34,240 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Bank OZK during the 4th quarter valued at $14,077,000. Finally, Mariner LLC grew its holdings in shares of Bank OZK by 0.7% during the 4th quarter. Mariner LLC now owns 93,229 shares of the company’s stock valued at $4,151,000 after acquiring an additional 639 shares in the last quarter. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Bank OZK Trading Down 1.9%

Shares of NASDAQ:OZK opened at $49.32 on Friday. The stock has a market capitalization of $5.61 billion, a PE ratio of 8.01 and a beta of 0.86. Bank OZK has a 1 year low of $35.71 and a 1 year high of $53.64. The firm has a fifty day moving average price of $48.95 and a 200 day moving average price of $46.41. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.23.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings results on Thursday, July 17th. The company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.07. Bank OZK had a net margin of 25.83% and a return on equity of 13.24%. The company had revenue of $428.04 million during the quarter, compared to analysts’ expectations of $423.41 million. During the same period in the prior year, the company earned $1.52 earnings per share. Analysts expect that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Friday, July 11th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 3.6%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.43. The ex-dividend date was Friday, July 11th. Bank OZK’s dividend payout ratio is currently 28.57%.

Wall Street Analysts Forecast Growth

OZK has been the topic of several research analyst reports. Raymond James Financial upgraded shares of Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 price target on the stock in a report on Tuesday, July 8th. Wells Fargo & Company boosted their price target on shares of Bank OZK from $48.00 to $49.00 and gave the company an “equal weight” rating in a report on Monday, July 21st. Stephens lowered their price target on shares of Bank OZK from $59.00 to $54.00 and set an “equal weight” rating on the stock in a report on Monday, April 21st. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Bank OZK from $50.00 to $48.00 and set a “market perform” rating on the stock in a report on Tuesday, April 22nd. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Bank OZK presently has an average rating of “Hold” and an average price target of $52.88.

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.