Teacher Retirement System of Texas Sells 1,687 Shares of Bank OZK $OZK

Teacher Retirement System of Texas cut its holdings in Bank OZK (NASDAQ:OZK) by 5.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,777 shares of the company’s stock after selling 1,687 shares during the quarter. Teacher Retirement System of Texas’ holdings in Bank OZK were worth $1,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of OZK. D.A. Davidson & CO. purchased a new stake in Bank OZK in the first quarter worth about $232,000. Bank of New York Mellon Corp lifted its holdings in Bank OZK by 2.1% in the first quarter. Bank of New York Mellon Corp now owns 1,127,576 shares of the company’s stock worth $48,993,000 after buying an additional 23,492 shares during the period. Concurrent Investment Advisors LLC purchased a new stake in Bank OZK in the first quarter worth about $307,000. Envestnet Asset Management Inc. lifted its holdings in Bank OZK by 6.1% in the first quarter. Envestnet Asset Management Inc. now owns 143,400 shares of the company’s stock worth $6,231,000 after buying an additional 8,261 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in Bank OZK by 12.9% in the first quarter. Nisa Investment Advisors LLC now owns 47,869 shares of the company’s stock worth $2,080,000 after buying an additional 5,478 shares during the period. 86.18% of the stock is owned by institutional investors.

Bank OZK Price Performance

Shares of OZK opened at $44.42 on Thursday. The company has a market capitalization of $5.05 billion, a P/E ratio of 7.16 and a beta of 0.88. The company has a quick ratio of 1.04, a current ratio of 1.03 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average of $49.84 and a 200 day moving average of $48.26. Bank OZK has a twelve month low of $35.71 and a twelve month high of $53.66.

Bank OZK (NASDAQ:OZK) last posted its earnings results on Thursday, October 16th. The company reported $1.59 EPS for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.07). Bank OZK had a return on equity of 13.00% and a net margin of 25.81%.The company had revenue of $449.94 million during the quarter, compared to the consensus estimate of $447.93 million. During the same period last year, the firm posted $1.55 EPS. As a group, equities research analysts anticipate that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 14th were given a $0.45 dividend. This is a boost from Bank OZK’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Tuesday, October 14th. This represents a $1.80 dividend on an annualized basis and a yield of 4.1%. Bank OZK’s payout ratio is presently 29.03%.

Analysts Set New Price Targets

Several research firms have recently issued reports on OZK. Cowen reiterated a “buy” rating on shares of Bank OZK in a report on Tuesday, October 21st. National Bankshares set a $67.00 target price on shares of Bank OZK in a report on Wednesday, September 24th. Wall Street Zen lowered shares of Bank OZK from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. UBS Group lowered their target price on shares of Bank OZK from $57.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, October 28th. Finally, Morgan Stanley lifted their target price on shares of Bank OZK from $55.00 to $63.00 and gave the company an “underperform” rating in a report on Monday, September 29th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $58.75.

Bank OZK 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.