Teacher Retirement System of Texas Has $1.55 Million Position in Bank OZK (NASDAQ:OZK)

Teacher Retirement System of Texas trimmed its position in Bank OZK (NASDAQ:OZKFree Report) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,182 shares of the company’s stock after selling 1,025 shares during the quarter. Teacher Retirement System of Texas’ holdings in Bank OZK were worth $1,554,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sowell Financial Services LLC grew its position in Bank OZK by 2.3% during the fourth quarter. Sowell Financial Services LLC now owns 10,573 shares of the company’s stock worth $527,000 after buying an additional 236 shares in the last quarter. Los Angeles Capital Management LLC increased its position in shares of Bank OZK by 2.2% in the fourth quarter. Los Angeles Capital Management LLC now owns 11,374 shares of the company’s stock worth $567,000 after purchasing an additional 246 shares during the period. Cardinal Capital Management raised its stake in Bank OZK by 1.0% in the fourth quarter. Cardinal Capital Management now owns 30,704 shares of the company’s stock valued at $1,530,000 after purchasing an additional 292 shares in the last quarter. Fifth Third Bancorp lifted its position in Bank OZK by 25.5% during the third quarter. Fifth Third Bancorp now owns 1,487 shares of the company’s stock worth $55,000 after purchasing an additional 302 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its position in Bank OZK by 4.0% during the third quarter. O Shaughnessy Asset Management LLC now owns 8,075 shares of the company’s stock worth $299,000 after purchasing an additional 307 shares during the period. Institutional investors own 86.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Truist Financial dropped their target price on shares of Bank OZK from $48.00 to $47.00 and set a “hold” rating for the company in a research report on Monday, April 22nd. StockNews.com cut Bank OZK from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd. Morgan Stanley reiterated an “equal weight” rating and issued a $48.00 price target on shares of Bank OZK in a research note on Monday, April 22nd. Citigroup dropped their price objective on Bank OZK from $62.00 to $57.00 and set a “buy” rating for the company in a research report on Wednesday, March 13th. Finally, Keefe, Bruyette & Woods lifted their target price on Bank OZK from $45.00 to $47.00 and gave the company a “market perform” rating in a research report on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $49.14.

Check Out Our Latest Analysis on Bank OZK

Bank OZK Price Performance

Bank OZK stock opened at $48.50 on Friday. The company has a market capitalization of $5.49 billion, a PE ratio of 8.12 and a beta of 1.24. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14. The stock has a 50-day moving average price of $45.00 and a two-hundred day moving average price of $44.70. Bank OZK has a 12 month low of $34.03 and a 12 month high of $52.36.

Bank OZK (NASDAQ:OZKGet Free Report) last posted its earnings results on Thursday, April 18th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.44 by $0.07. Bank OZK had a net margin of 28.54% and a return on equity of 14.84%. The business had revenue of $406.02 million for the quarter, compared to the consensus estimate of $396.81 million. During the same period last year, the company earned $1.41 EPS. Analysts expect that Bank OZK will post 6.07 EPS for the current year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 12th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, April 11th. This is an increase from Bank OZK’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a yield of 3.22%. Bank OZK’s payout ratio is presently 26.13%.

Bank OZK Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Bank OZK (NASDAQ:OZK)

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