Sei Investments Co. Has $23.74 Million Stake in Bank OZK (NASDAQ:OZK)

Sei Investments Co. lifted its stake in shares of Bank OZK (NASDAQ:OZK) by 24.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 533,166 shares of the company’s stock after acquiring an additional 103,556 shares during the period. Sei Investments Co. owned 0.47% of Bank OZK worth $23,742,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OZK. American Century Companies Inc. grew its stake in Bank OZK by 12.3% in the fourth quarter. American Century Companies Inc. now owns 2,176,997 shares of the company’s stock valued at $96,942,000 after acquiring an additional 238,810 shares during the period. Virtu Financial LLC acquired a new stake in Bank OZK in the 4th quarter valued at $287,000. Teacher Retirement System of Texas increased its stake in Bank OZK by 63.4% during the 4th quarter. Teacher Retirement System of Texas now owns 38,530 shares of the company’s stock valued at $1,716,000 after purchasing an additional 14,944 shares in the last quarter. Xponance Inc. lifted its stake in shares of Bank OZK by 7.4% in the fourth quarter. Xponance Inc. now owns 12,250 shares of the company’s stock valued at $545,000 after buying an additional 849 shares in the last quarter. Finally, Intech Investment Management LLC lifted its stake in shares of Bank OZK by 179.6% in the fourth quarter. Intech Investment Management LLC now owns 23,451 shares of the company’s stock valued at $1,044,000 after buying an additional 15,065 shares in the last quarter. 86.18% of the stock is owned by institutional investors.

Bank OZK Trading Up 0.3 %

NASDAQ OZK opened at $45.38 on Thursday. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of 7.39 and a beta of 1.23. The business’s fifty day moving average is $48.31 and its 200-day moving average is $46.04. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. Bank OZK has a one year low of $37.43 and a one year high of $53.64.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings data on Thursday, January 16th. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.44 by $0.12. The business had revenue of $412.34 million for the quarter, compared to the consensus estimate of $407.19 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.50 earnings per share. Equities research 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 Tuesday, January 21st. Stockholders of record on Tuesday, January 14th were given a $0.42 dividend. The ex-dividend date was Tuesday, January 14th. This is a boost from Bank OZK’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a dividend yield of 3.70%. Bank OZK’s payout ratio is 27.36%.

Analyst Upgrades and Downgrades

OZK has been the topic of a number of analyst reports. Stephens upped their target price on shares of Bank OZK from $53.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Wells Fargo & Company upgraded Bank OZK from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $40.00 to $48.00 in a report on Tuesday, January 21st. UBS Group began coverage on Bank OZK in a research note on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price objective on the stock. Finally, Morgan Stanley reduced their target price on shares of Bank OZK from $58.00 to $54.00 and set an “equal weight” rating for the company in a research note on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $50.38.

Bank OZK Company 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.