Voya Investment Management LLC Cuts Stock Position in Bank OZK (NASDAQ:OZK)

Voya Investment Management LLC trimmed its position in shares of Bank OZK (NASDAQ:OZK) by 20.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,908 shares of the company’s stock after selling 3,336 shares during the quarter. Voya Investment Management LLC’s holdings in Bank OZK were worth $575,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of OZK. Norges Bank acquired a new position in Bank OZK during the 4th quarter worth $53,114,000. Wasatch Advisors LP grew its position in shares of Bank OZK by 19.3% during the fourth quarter. Wasatch Advisors LP now owns 7,102,657 shares of the company’s stock worth $316,281,000 after buying an additional 1,149,880 shares in the last quarter. First Trust Advisors LP raised its holdings in Bank OZK by 30.4% in the fourth quarter. First Trust Advisors LP now owns 2,945,480 shares of the company’s stock valued at $131,162,000 after acquiring an additional 686,775 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Bank OZK in the fourth quarter valued at approximately $14,077,000. Finally, Twin Lions Management LLC acquired a new position in Bank OZK during the 4th quarter worth approximately $11,516,000. 86.18% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Morgan Stanley decreased their price objective on shares of 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. Stephens dropped their price objective on Bank OZK from $59.00 to $54.00 and set an “equal weight” rating on the stock in a report on Monday, April 21st. Keefe, Bruyette & Woods lowered their price target on Bank OZK from $50.00 to $48.00 and set a “market perform” rating for the company in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company dropped their price target on shares of Bank OZK from $48.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $49.13.

Bank OZK Stock Down 0.5 %

Shares of NASDAQ:OZK opened at $44.61 on Friday. Bank OZK has a 1-year low of $35.71 and a 1-year high of $53.64. 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 stock has a market cap of $5.06 billion, a P/E ratio of 7.27 and a beta of 0.85. The firm has a fifty day moving average price of $42.49 and a 200 day moving average price of $45.78.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings results on Wednesday, April 16th. The company reported $1.47 earnings per share (EPS) for the quarter, topping 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 quarter last year, the company posted $1.51 earnings per share. Sell-side analysts predict that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The business also recently declared 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 an increase from Bank OZK’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 3.86%. Bank OZK’s dividend payout ratio (DPR) is currently 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.