TCW Group Inc. Has $6.24 Million Stock Position in Bank OZK (NASDAQ:OZK)

TCW Group Inc. trimmed its position in Bank OZK (NASDAQ:OZK) by 10.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 140,077 shares of the company’s stock after selling 17,200 shares during the quarter. TCW Group Inc. owned approximately 0.12% of Bank OZK worth $6,238,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James & Associates boosted its position in shares of Bank OZK by 4.0% in the third quarter. Raymond James & Associates now owns 246,234 shares of the company’s stock valued at $10,586,000 after acquiring an additional 9,385 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in Bank OZK by 12.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,327 shares of the company’s stock valued at $2,704,000 after purchasing an additional 7,056 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Bank OZK by 15.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 55,911 shares of the company’s stock worth $2,404,000 after buying an additional 7,346 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Bank OZK by 92.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 14,738 shares of the company’s stock worth $616,000 after buying an additional 7,077 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in shares of Bank OZK by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 12,194 shares of the company’s stock valued at $524,000 after acquiring an additional 830 shares during the last quarter. Institutional investors own 86.18% of the company’s stock.

Bank OZK Trading Down 3.9 %

Shares of OZK stock opened at $47.45 on Monday. Bank OZK has a 1-year low of $37.43 and a 1-year 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. The stock has a market cap of $5.38 billion, a price-to-earnings ratio of 7.73 and a beta of 1.20. The stock has a 50-day moving average of $47.78 and a 200-day moving average of $45.49.

Bank OZK (NASDAQ:OZK) last released its earnings results on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.12. The business had revenue of $412.34 million during 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 for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.50 EPS. On average, equities research analysts forecast that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend was Tuesday, January 14th. This is an increase from Bank OZK’s previous quarterly dividend of $0.41. Bank OZK’s dividend payout ratio (DPR) is currently 27.36%.

Analysts Set New Price Targets

OZK has been the topic of a number of research reports. Wells Fargo & Company upgraded Bank OZK from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $40.00 to $48.00 in a research report on Tuesday, January 21st. Stephens lifted their price target on Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Finally, UBS Group assumed coverage on Bank OZK in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, Bank OZK has an average rating of “Hold” and an average target price of $50.00.

About Bank OZK

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.