Bank OZK $OZK Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp reduced its position in Bank OZK (NASDAQ:OZK) by 8.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 135,702 shares of the company’s stock after selling 12,413 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Bank OZK were worth $6,918,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in OZK. Norges Bank acquired a new stake in shares of Bank OZK in the 2nd quarter worth $68,960,000. Mackenzie Financial Corp increased its position in Bank OZK by 767.1% during the 2nd quarter. Mackenzie Financial Corp now owns 566,662 shares of the company’s stock valued at $26,667,000 after buying an additional 501,308 shares in the last quarter. Senvest Management LLC increased its position in Bank OZK by 24.4% during the 2nd quarter. Senvest Management LLC now owns 1,581,582 shares of the company’s stock valued at $74,429,000 after buying an additional 310,707 shares in the last quarter. Fairholme Capital Management LLC raised its stake in Bank OZK by 45.1% in the second quarter. Fairholme Capital Management LLC now owns 916,752 shares of the company’s stock valued at $43,142,000 after buying an additional 285,150 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Bank OZK by 57.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 694,956 shares of the company’s stock worth $32,705,000 after acquiring an additional 253,001 shares in the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

Bank OZK Stock Performance

Shares of NASDAQ OZK opened at $46.80 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.03 and a debt-to-equity ratio of 0.08. Bank OZK has a 12 month low of $35.71 and a 12 month high of $53.66. The company has a 50 day simple moving average of $47.05 and a two-hundred day simple moving average of $48.59. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 7.59 and a beta of 0.90.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings data on Tuesday, January 20th. The company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.03). Bank OZK had a return on equity of 12.65% and a net margin of 25.50%.The business had revenue of $436.29 million during the quarter, compared to analyst estimates of $434.68 million. During the same quarter in the previous year, the company earned $1.56 EPS. As a group, analysts predict that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 13th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Tuesday, January 13th. This represents a $1.84 annualized dividend and a yield of 3.9%. This is an increase from Bank OZK’s previous quarterly dividend of $0.45. Bank OZK’s payout ratio is 29.82%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on OZK shares. Stephens dropped their price target on Bank OZK from $64.00 to $62.00 and set an “overweight” rating on the stock in a research note on Thursday, January 22nd. Piper Sandler set a $62.00 target price on shares of Bank OZK in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods cut their price target on shares of Bank OZK from $53.00 to $50.00 and set a “market perform” rating on the stock in a research note on Monday, October 20th. Wall Street Zen raised shares of Bank OZK from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. Finally, Zacks Research raised shares of Bank OZK from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 7th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $56.78.

About Bank OZK

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank’s core operations focus on commercial real estate lending, including acquisition, development and construction financing.