Intech Investment Management LLC Reduces Position in Bank OZK $OZK

Intech Investment Management LLC lessened its position in shares of Bank OZK (NASDAQ:OZK) by 73.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 25,099 shares of the company’s stock after selling 69,370 shares during the quarter. Intech Investment Management LLC’s holdings in Bank OZK were worth $1,155,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in OZK. V Square Quantitative Management LLC purchased a new position in Bank OZK during the 4th quarter worth approximately $25,000. BOKF NA purchased a new position in Bank OZK during the 3rd quarter worth approximately $27,000. Bayforest Capital Ltd grew its stake in Bank OZK by 100.5% during the 4th quarter. Bayforest Capital Ltd now owns 766 shares of the company’s stock worth $35,000 after buying an additional 384 shares during the last quarter. Employees Retirement System of Texas purchased a new position in Bank OZK during the 3rd quarter worth approximately $51,000. Finally, Hantz Financial Services Inc. grew its holdings in shares of Bank OZK by 96.3% during the third quarter. Hantz Financial Services Inc. now owns 1,158 shares of the company’s stock worth $59,000 after buying an additional 568 shares during the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. UBS Group assumed coverage on Bank OZK in a report on Tuesday, April 7th. They set a “neutral” rating and a $48.00 price target on the stock. Wells Fargo & Company increased their price objective on Bank OZK from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Monday, March 30th. Weiss Ratings downgraded Bank OZK from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. Wall Street Zen upgraded Bank OZK from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, Morgan Stanley upped their price target on Bank OZK from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Bank OZK has a consensus rating of “Hold” and an average price target of $56.89.

Bank OZK Price Performance

Bank OZK stock opened at $49.60 on Friday. Bank OZK has a 12 month low of $42.37 and a 12 month high of $53.66. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.00 and a quick ratio of 1.00. The business has a 50 day simple moving average of $47.67 and a 200-day simple moving average of $47.24. The stock has a market capitalization of $5.55 billion, a PE ratio of 8.08 and a beta of 0.90.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.02). Bank OZK had a return on equity of 12.32% and a net margin of 25.27%.The company had revenue of $424.32 million for the quarter, compared to analysts’ expectations of $422.62 million. During the same quarter last year, the company earned $1.47 EPS. Bank OZK’s revenue for the quarter was up 2.2% compared to the same quarter last year. Equities analysts predict that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 20th. Stockholders of record on Monday, April 13th were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, April 13th. Bank OZK’s dividend payout ratio is 30.62%.

Bank OZK Profile

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.