Bank OZK (NASDAQ:OZK) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky reduced its position in Bank OZK (NASDAQ:OZK) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,638 shares of the company’s stock after selling 1,700 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Bank OZK were worth $1,826,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of OZK. Principal Securities Inc. acquired a new position in Bank OZK in the 4th quarter valued at about $31,000. Bare Financial Services Inc acquired a new position in shares of Bank OZK during the fourth quarter worth about $36,000. SRS Capital Advisors Inc. grew its position in shares of Bank OZK by 303.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 929 shares of the company’s stock worth $46,000 after buying an additional 699 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of Bank OZK by 601.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,402 shares of the company’s stock worth $69,000 after buying an additional 1,202 shares in the last quarter. Finally, MCF Advisors LLC acquired a new position in shares of Bank OZK during the fourth quarter worth about $73,000. 86.18% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on OZK shares. Wells Fargo & Company lowered their price objective on Bank OZK from $39.00 to $35.00 and set an “underweight” rating for the company in a research report on Thursday, June 6th. Morgan Stanley reissued an “equal weight” rating and set a $48.00 price objective on shares of Bank OZK in a research report on Monday, April 22nd. Citigroup cut Bank OZK from a “buy” rating to a “sell” rating and decreased their target price for the stock from $57.00 to $37.00 in a research note on Wednesday, May 29th. Keefe, Bruyette & Woods boosted their target price on Bank OZK from $45.00 to $47.00 and gave the stock a “market perform” rating in a research note on Monday, April 22nd. Finally, Truist Financial decreased their target price on Bank OZK from $48.00 to $47.00 and set a “hold” rating for the company in a research note on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Bank OZK has an average rating of “Hold” and an average price target of $46.00.

Bank OZK Price Performance

Shares of NASDAQ OZK opened at $38.76 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.14. Bank OZK has a twelve month low of $34.76 and a twelve month high of $52.36. The stock has a 50 day moving average of $43.75 and a two-hundred day moving average of $44.90. The stock has a market cap of $4.40 billion, a P/E ratio of 6.49 and a beta of 1.20.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Thursday, April 18th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.07. Bank OZK had a return on equity of 14.84% and a net margin of 28.54%. The company had revenue of $406.02 million during the quarter, compared to analysts’ expectations of $396.81 million. During the same quarter in the previous year, the business earned $1.41 earnings per share. On average, research analysts forecast that Bank OZK will post 6.1 earnings per share for the current year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 12th were paid a $0.39 dividend. The ex-dividend date was Thursday, April 11th. This represents a $1.56 dividend on an annualized basis and a yield of 4.02%. This is a boost from Bank OZK’s previous quarterly dividend of $0.38. Bank OZK’s payout ratio is currently 26.13%.

About Bank OZK

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.