State of Wyoming Has $540,000 Stock Position in Bank OZK (NASDAQ:OZK)

State of Wyoming grew its holdings in Bank OZK (NASDAQ:OZK) by 66.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,124 shares of the company’s stock after purchasing an additional 4,830 shares during the period. State of Wyoming’s holdings in Bank OZK were worth $540,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Point72 Asset Management L.P. raised its holdings in Bank OZK by 587.3% during the fourth quarter. Point72 Asset Management L.P. now owns 45,363 shares of the company’s stock worth $2,020,000 after acquiring an additional 38,763 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Bank OZK by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 753,854 shares of the company’s stock worth $33,569,000 after purchasing an additional 48,789 shares during the last quarter. Quantinno Capital Management LP raised its stake in shares of Bank OZK by 24.3% during the 4th quarter. Quantinno Capital Management LP now owns 169,409 shares of the company’s stock worth $7,544,000 after purchasing an additional 33,162 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of Bank OZK by 1.2% in the 4th quarter. Nuveen Asset Management LLC now owns 503,367 shares of the company’s stock valued at $22,415,000 after buying an additional 6,053 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Bank OZK by 23.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,973 shares of the company’s stock valued at $1,825,000 after buying an additional 7,879 shares in the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Bank OZK Price Performance

Bank OZK stock opened at $46.57 on Tuesday. The company has a market capitalization of $5.28 billion, a price-to-earnings ratio of 7.58 and a beta of 0.85. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. Bank OZK has a 12 month low of $35.71 and a 12 month high of $53.64. The stock’s 50 day moving average is $42.73 and its 200-day moving average is $45.91.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Wednesday, April 16th. The company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.05. The firm had revenue of $409.23 million for the quarter, compared to analyst estimates of $403.05 million. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. During the same period in the prior year, the firm posted $1.51 EPS. Equities research analysts expect that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 14th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.69%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, April 14th. Bank OZK’s dividend payout ratio (DPR) is currently 28.20%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on OZK. Keefe, Bruyette & Woods dropped 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 research report on Tuesday, April 22nd. Stephens dropped their target price 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. Wells Fargo & Company reduced their price target on Bank OZK from $48.00 to $40.00 and set an “equal weight” rating for the company in a report on Wednesday, April 9th. Finally, Morgan Stanley dropped their price objective on Bank OZK from $58.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. One 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. According to MarketBeat.com, Bank OZK presently has an average rating of “Hold” and an average price target of $49.13.

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.