Bank OZK $OZK Stock Holdings Decreased by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC lessened its position in Bank OZK (NASDAQ:OZK) by 3.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 248,332 shares of the company’s stock after selling 9,700 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Bank OZK were worth $11,687,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its stake in shares of Bank OZK by 5.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,350,220 shares of the company’s stock worth $189,017,000 after acquiring an additional 220,214 shares during the last quarter. American Century Companies Inc. boosted its position in Bank OZK by 10.5% during the first quarter. American Century Companies Inc. now owns 2,405,292 shares of the company’s stock valued at $104,510,000 after purchasing an additional 228,295 shares during the last quarter. Senvest Management LLC boosted its position in Bank OZK by 24.4% during the second quarter. Senvest Management LLC now owns 1,581,582 shares of the company’s stock valued at $74,429,000 after purchasing an additional 310,707 shares during the last quarter. ProShare Advisors LLC grew its stake in Bank OZK by 30.6% in the second quarter. ProShare Advisors LLC now owns 784,392 shares of the company’s stock valued at $36,913,000 after purchasing an additional 183,964 shares in the last quarter. Finally, Newport Trust Company LLC grew its stake in Bank OZK by 0.6% in the first quarter. Newport Trust Company LLC now owns 656,987 shares of the company’s stock valued at $28,546,000 after purchasing an additional 4,146 shares in the last quarter. 86.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OZK has been the subject of a number of recent research reports. Stephens raised Bank OZK from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $58.00 to $65.00 in a research note on Wednesday, August 20th. National Bankshares set a $67.00 price objective on Bank OZK in a report on Wednesday, September 24th. Cowen reiterated a “buy” rating on shares of Bank OZK in a research note on Tuesday, October 21st. Morgan Stanley boosted their target price on shares of Bank OZK from $55.00 to $63.00 and gave the stock an “underperform” rating in a research report on Monday, September 29th. Finally, Wells Fargo & Company lifted their price target on shares of Bank OZK from $49.00 to $50.00 and gave the company an “equal weight” rating in a research report on Monday, September 29th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $58.75.

Bank OZK Trading Up 3.4%

Shares of Bank OZK stock opened at $44.71 on Friday. The firm has a 50-day moving average of $47.82 and a 200-day moving average of $48.37. Bank OZK has a 52-week low of $35.71 and a 52-week high of $53.66. The stock has a market cap of $5.08 billion, a PE ratio of 7.21 and a beta of 0.94. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.04 and a current ratio of 1.03.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Thursday, October 16th. The company reported $1.59 EPS for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.07). The company had revenue of $449.94 million during the quarter, compared to the consensus estimate of $447.93 million. Bank OZK had a return on equity of 13.00% and a net margin of 25.81%.During the same quarter in the previous year, the business posted $1.55 EPS. As a group, sell-side analysts forecast that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 14th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, October 14th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.44. This represents a $1.80 annualized dividend and a yield of 4.0%. Bank OZK’s payout ratio is presently 29.03%.

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.