Two Sigma Investments LP Sells 296,806 Shares of Bank OZK (NASDAQ:OZK)

Two Sigma Investments LP cut its holdings in Bank OZK (NASDAQ:OZK) by 30.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 666,594 shares of the company’s stock after selling 296,806 shares during the quarter. Two Sigma Investments LP owned about 0.59% of Bank OZK worth $29,683,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. O Shaughnessy Asset Management LLC lifted its holdings in shares of Bank OZK by 1.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 11,184 shares of the company’s stock valued at $498,000 after purchasing an additional 193 shares in the last quarter. Tidal Investments LLC lifted its stake in Bank OZK by 1.0% in the 4th quarter. Tidal Investments LLC now owns 21,575 shares of the company’s stock valued at $961,000 after acquiring an additional 205 shares in the last quarter. Bank of Montreal Can boosted its position in Bank OZK by 0.5% during the 4th quarter. Bank of Montreal Can now owns 46,832 shares of the company’s stock worth $2,085,000 after acquiring an additional 241 shares during the last quarter. Principal Securities Inc. boosted its position in Bank OZK by 12.7% during the 4th quarter. Principal Securities Inc. now owns 2,509 shares of the company’s stock worth $112,000 after acquiring an additional 283 shares during the last quarter. Finally, Horrell Capital Management Inc. grew its stake in shares of Bank OZK by 0.3% during the 4th quarter. Horrell Capital Management Inc. now owns 106,878 shares of the company’s stock worth $4,759,000 after acquiring an additional 304 shares in the last quarter. 86.18% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Bank OZK Stock Down 0.4%

Bank OZK stock opened at $46.37 on Wednesday. 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’s 50-day moving average is $42.80 and its 200-day moving average is $45.91. The firm has a market capitalization of $5.26 billion, a PE ratio of 7.55 and a beta of 0.85. Bank OZK has a fifty-two week low of $35.71 and a fifty-two week high of $53.64.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings results on Wednesday, April 16th. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $403.05 million. During the same quarter in the previous year, the business earned $1.51 earnings per share. Sell-side analysts anticipate that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 14th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Monday, April 14th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.71%. Bank OZK’s payout ratio is presently 28.20%.

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.