TCW Group Inc. Sells 17,200 Shares of Bank OZK (NASDAQ:OZK)

TCW Group Inc. decreased its stake in shares of Bank OZK (NASDAQ:OZK) by 10.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 140,077 shares of the company’s stock after selling 17,200 shares during the period. TCW Group Inc.’s holdings in Bank OZK were worth $6,238,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Bank OZK during the 4th quarter worth approximately $27,000. Kestra Investment Management LLC bought a new stake in shares of Bank OZK during the fourth quarter valued at approximately $27,000. Assetmark Inc. raised its position in shares of Bank OZK by 73.8% during the third quarter. Assetmark Inc. now owns 968 shares of the company’s stock worth $42,000 after purchasing an additional 411 shares during the period. V Square Quantitative Management LLC lifted its holdings in shares of Bank OZK by 81.3% in the 4th quarter. V Square Quantitative Management LLC now owns 948 shares of the company’s stock worth $42,000 after purchasing an additional 425 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of Bank OZK in the 3rd quarter worth $61,000. Institutional investors own 86.18% of the company’s stock.

Bank OZK Stock Performance

Shares of OZK stock opened at $47.45 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. The firm has a 50-day moving average of $47.78 and a 200-day moving average of $45.49. Bank OZK has a one year low of $37.43 and a one year high of $53.64. The company has a market cap of $5.38 billion, a P/E ratio of 7.73 and a beta of 1.20.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings data on Thursday, January 16th. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.44 by $0.12. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The firm had revenue of $412.34 million during the quarter, compared to analyst estimates of $407.19 million. During the same quarter last year, the business posted $1.50 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities research analysts forecast that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.54%. This is an increase from Bank OZK’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Tuesday, January 14th. Bank OZK’s dividend payout ratio (DPR) is presently 27.36%.

Analysts Set New Price Targets

A number of brokerages have commented on OZK. UBS Group began coverage on shares of Bank OZK in a research note on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price target for the company. Wells Fargo & Company raised shares of Bank OZK from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $40.00 to $48.00 in a research report on Tuesday, January 21st. Finally, Stephens raised their price target on shares of Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $50.00.

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.