Quantinno Capital Management LP Has $7.54 Million Stake in Bank OZK (NASDAQ:OZK)

Quantinno Capital Management LP raised its holdings in Bank OZK (NASDAQ:OZK) by 24.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 169,409 shares of the company’s stock after buying an additional 33,162 shares during the quarter. Quantinno Capital Management LP’s holdings in Bank OZK were worth $7,544,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its position in shares of Bank OZK by 30.7% in the 3rd quarter. Barclays PLC now owns 254,874 shares of the company’s stock worth $10,958,000 after acquiring an additional 59,907 shares during the period. Wedmont Private Capital bought a new stake in shares of Bank OZK in the 4th quarter worth approximately $203,000. Park Avenue Securities LLC bought a new stake in shares of Bank OZK in the 4th quarter worth approximately $227,000. Merit Financial Group LLC bought a new stake in shares of Bank OZK in the 4th quarter worth approximately $307,000. Finally, KBC Group NV lifted its position in shares of Bank OZK by 60.8% in the 4th quarter. KBC Group NV now owns 4,727 shares of the company’s stock worth $210,000 after acquiring an additional 1,788 shares during the period. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Price Performance

Bank OZK stock opened at $46.49 on Friday. 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 company has a market capitalization of $5.27 billion, a PE ratio of 7.57 and a beta of 0.85. Bank OZK has a one year low of $35.71 and a one year high of $53.64. The business has a 50 day simple moving average of $42.61 and a 200 day simple moving average of $45.84.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Wednesday, April 16th. The company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.05. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The firm had revenue of $409.23 million during the quarter, compared to the consensus estimate of $403.05 million. During the same quarter in the previous year, the company posted $1.51 EPS. On average, sell-side analysts forecast that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 14th were given a $0.43 dividend. This is an increase from Bank OZK’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, April 14th. This represents a $1.72 annualized dividend and a yield of 3.70%. Bank OZK’s payout ratio is presently 28.20%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on OZK shares. Keefe, Bruyette & Woods reduced their price objective on Bank OZK from $50.00 to $48.00 and set a “market perform” rating for the company in a research report on Tuesday, April 22nd. Wells Fargo & Company reduced their price objective on Bank OZK from $48.00 to $40.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 9th. Stephens reduced their price objective on Bank OZK from $59.00 to $54.00 and set an “equal weight” rating for the company in a research report on Monday, April 21st. Finally, Morgan Stanley cut their target price on Bank OZK from $58.00 to $54.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $49.13.

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.