Russell Investments Group Ltd. Sells 3,003 Shares of Bank OZK (NASDAQ:OZK)

Russell Investments Group Ltd. trimmed its holdings in Bank OZK ( NASDAQ:OZK – Free Report ) by 3.8% in the 4th quarter, Holdings Channel.

com reports. The institutional investor owned 76,327 shares of the company’s stock after selling 3,003 shares during the period. Russell Investments Group Ltd.



’s holdings in Bank OZK were worth $3,399,000 as of its most recent filing with the SEC. Other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc.

boosted its holdings in shares of Bank OZK by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc.

now owns 4,130,006 shares of the company’s stock valued at $183,909,000 after acquiring an additional 188,575 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Bank OZK by 12.

3% during the fourth quarter. American Century Companies Inc. now owns 2,176,997 shares of the company’s stock valued at $96,942,000 after purchasing an additional 238,810 shares during the last quarter.

Geode Capital Management LLC lifted its position in Bank OZK by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 2,038,463 shares of the company’s stock valued at $90,798,000 after purchasing an additional 15,484 shares during the period.

Victory Capital Management Inc. boosted its holdings in Bank OZK by 10.8% in the fourth quarter.

Victory Capital Management Inc. now owns 1,464,023 shares of the company’s stock worth $65,193,000 after purchasing an additional 142,587 shares during the last quarter. Finally, Norges Bank bought a new stake in Bank OZK in the 4th quarter worth approximately $53,114,000.

86.18% of the stock is currently owned by institutional investors. Analyst Ratings Changes Several equities analysts have recently weighed in on OZK shares.

Stephens increased their price target on Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st.

Wells Fargo & Company lowered their target price on Bank OZK from $48.00 to $40.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 9th.

Finally, Morgan Stanley cut their price target on 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 research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $49.

38. Bank OZK Trading Up 0.3 % Shares of NASDAQ:OZK opened at $39.

34 on Thursday. The stock has a 50 day moving average of $44.78 and a 200 day moving average of $45.

81. The company has a market cap of $4.46 billion, a PE ratio of 6.

41 and a beta of 1.05. Bank OZK has a 12-month low of $35.

71 and a 12-month high of $53.64. The company has a current ratio of 1.

03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16.

Bank OZK ( NASDAQ:OZK – Get Free Report ) last announced its quarterly earnings data on Wednesday, April 16th. The company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.

42 by $0.05. The business had revenue of $409.

23 million for the quarter, compared to the consensus estimate of $403.05 million. Bank OZK had a return on equity of 13.

90% and a net margin of 25.83%. During the same period in the previous year, the business earned $1.

51 earnings per share. As a group, equities research analysts expect 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 will be paid on Monday, April 21st. Shareholders of record on Monday, April 14th will be issued a $0.43 dividend.

This is an increase from Bank OZK’s previous quarterly dividend of $0.42. This represents a $1.

72 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend is Monday, April 14th.

Bank OZK’s payout ratio is currently 28.01%. 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. Read More Want to see what other hedge funds are holding OZK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank OZK ( NASDAQ:OZK – Free Report ).

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