Bank OZK (NASDAQ:OZK) Shares Acquired by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Bank OZK (NASDAQ:OZK) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,662 shares of the company’s stock after purchasing an additional 10,742 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.15% of Bank OZK worth $7,644,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Prudential Financial Inc. boosted its position in shares of Bank OZK by 394.0% during the 4th quarter. Prudential Financial Inc. now owns 84,533 shares of the company’s stock valued at $3,764,000 after purchasing an additional 67,420 shares in the last quarter. Horrell Capital Management Inc. boosted its holdings in Bank OZK by 0.3% during the fourth quarter. Horrell Capital Management Inc. now owns 106,878 shares of the company’s stock worth $4,759,000 after buying an additional 304 shares in the last quarter. Stevens Capital Management LP grew its position in Bank OZK by 142.9% in the fourth quarter. Stevens Capital Management LP now owns 26,388 shares of the company’s stock worth $1,175,000 after buying an additional 15,526 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Bank OZK by 4.8% in the fourth quarter. LPL Financial LLC now owns 362,195 shares of the company’s stock valued at $16,129,000 after buying an additional 16,732 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Bank OZK in the fourth quarter valued at $1,265,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

OZK has been the topic of a number of recent research reports. UBS Group initiated coverage on Bank OZK in a report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 target price on the stock. Wells Fargo & Company upgraded Bank OZK from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $40.00 to $48.00 in a report on Tuesday, January 21st. Morgan Stanley decreased their target price on shares of 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, Stephens boosted their price target on shares of Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $50.38.

Bank OZK Stock Down 2.8 %

Bank OZK stock opened at $43.73 on Monday. Bank OZK has a twelve month low of $37.43 and a twelve month 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. The firm has a market cap of $4.96 billion, a PE ratio of 7.12 and a beta of 1.23. The firm’s 50 day moving average price is $48.19 and its two-hundred day moving average price is $46.14.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings data on Thursday, January 16th. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.12. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The business had revenue of $412.34 million during the quarter, compared to analyst estimates of $407.19 million. During the same period last year, the company earned $1.50 earnings per share. Bank OZK’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, research analysts predict 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 Tuesday, January 21st. Investors of record on Tuesday, January 14th were paid a $0.42 dividend. This is a boost from Bank OZK’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $1.68 annualized dividend and a dividend yield of 3.84%. Bank OZK’s payout ratio is presently 27.36%.

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.