Black Maple Capital Management LP Boosts Stock Position in Bank OZK (NASDAQ:OZK)

Black Maple Capital Management LP lifted its position in Bank OZK (NASDAQ:OZK - Free Report) by 315.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,396 shares of the company's stock after acquiring an additional 109,641 shares during the quarter. Bank OZK accounts for approximately 3.4% of Black Maple Capital Management LP's investment portfolio, making the stock its 4th largest holding. Black Maple Capital Management LP owned approximately 0.13% of Bank OZK worth $6,430,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in shares of Bank OZK by 30.7% during the 3rd quarter. Barclays PLC now owns 254,874 shares of the company's stock worth $10,958,000 after purchasing an additional 59,907 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Bank OZK by 14.6% during the fourth quarter. GAMMA Investing LLC now owns 4,758 shares of the company's stock valued at $212,000 after buying an additional 606 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Bank OZK by 1.6% in the 4th quarter. Rhumbline Advisers now owns 342,417 shares of the company's stock valued at $15,248,000 after buying an additional 5,538 shares in the last quarter. Merit Financial Group LLC purchased a new position in shares of Bank OZK in the 4th quarter worth approximately $307,000. Finally, Park Avenue Securities LLC bought a new position in shares of Bank OZK during the 4th quarter worth approximately $227,000. 86.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on OZK. Stephens cut their price target on shares of Bank OZK from $59.00 to $54.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Keefe, Bruyette & Woods dropped their target price on Bank OZK from $50.00 to $48.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company reduced their target price on Bank OZK from $48.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Finally, Morgan Stanley dropped their price target on Bank OZK from $58.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. One equities 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's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $49.13.

Bank OZK Stock Performance

Shares of NASDAQ OZK opened at $44.15 on Friday. The company has a 50 day simple moving average of $42.80 and a two-hundred day simple moving average of $45.80. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 7.19 and a beta of 0.85. 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 has a 12 month low of $35.71 and a 12 month high of $53.64.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.42 by $0.05. The company had revenue of $409.23 million for the quarter, compared to analyst estimates of $403.05 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. During the same period in the prior year, the company earned $1.51 earnings per share. As a group, analysts predict that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 14th were issued a $0.43 dividend. The ex-dividend date was Monday, April 14th. 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 3.90%. Bank OZK's payout ratio is presently 28.20%.

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.

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