Bank OZK (NASDAQ:OZK) Shares Sold by JARISLOWSKY FRASER Ltd

JARISLOWSKY FRASER Ltd decreased its holdings in Bank OZK (NASDAQ:OZK) by 6.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,854,885 shares of the company’s stock after selling 137,586 shares during the period. JARISLOWSKY FRASER Ltd owned about 1.63% of Bank OZK worth $81,279,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Norges Bank purchased a new position in Bank OZK in the fourth quarter worth approximately $53,114,000. Wasatch Advisors LP lifted its position in shares of Bank OZK by 19.3% during the 4th quarter. Wasatch Advisors LP now owns 7,102,657 shares of the company’s stock worth $316,281,000 after purchasing an additional 1,149,880 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Bank OZK by 30.4% during the fourth quarter. First Trust Advisors LP now owns 2,945,480 shares of the company’s stock worth $131,162,000 after purchasing an additional 686,775 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Bank OZK during the fourth quarter worth $14,077,000. Finally, AQR Capital Management LLC increased its holdings in Bank OZK by 12.6% in the fourth quarter. AQR Capital Management LLC now owns 2,811,354 shares of the company’s stock valued at $125,190,000 after buying an additional 314,488 shares during the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Bank OZK Price Performance

OZK stock opened at $44.61 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $5.06 billion, a P/E ratio of 7.27 and a beta of 0.85. The business has a 50 day simple moving average of $42.49 and a 200-day simple moving average of $45.79. Bank OZK has a twelve month low of $35.71 and a twelve month high of $53.64.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Wednesday, April 16th. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.05. The firm 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 in the prior year, the business earned $1.51 EPS. As a group, equities analysts anticipate that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 14th were issued a dividend of $0.43 per share. The ex-dividend date was Monday, April 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.86%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.42. Bank OZK’s dividend payout ratio (DPR) is currently 28.20%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on OZK shares. Stephens decreased 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. Wells Fargo & Company decreased their target price on 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. Morgan Stanley lowered their price target on Bank OZK from $58.00 to $54.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. Finally, Keefe, Bruyette & Woods cut their price objective 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently 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.