35,850 Shares in Bank OZK $OZK Bought by Belleair Asset Management LLC

Key Points

• Belleair Asset Management acquired a new stake of 35,850 shares of Bank OZK (≈$1.65 million) in Q4, representing about 1.6% of its portfolio and the fund's 18th-largest holding.
• Institutional ownership is very high at 86.18%, with major moves including Wasatch Advisors increasing its position to 7.44 million shares after adding roughly 1.92 million shares.
• Bank OZK trades with a market cap of $5.39B and a P/E of 7.84, recently paid a quarterly dividend of $0.47 (annualized yield ~3.9%), and reported quarterly EPS of $1.44 (missed estimates by $0.02); analysts' consensus rating is "Hold" with an average target of $56.89.

Belleair Asset Management LLC acquired a new stake in shares of Bank OZK (NASDAQ:OZK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 35,850 shares of the company's stock, valued at approximately $1,650,000. Bank OZK accounts for about 1.6% of Belleair Asset Management LLC's investment portfolio, making the stock its 18th biggest holding.

A number of other hedge funds have also added to or reduced their stakes in the stock. Wasatch Advisors LP increased its position in Bank OZK by 34.9% during the 3rd quarter. Wasatch Advisors LP now owns 7,437,646 shares of the company's stock valued at $379,171,000 after purchasing an additional 1,924,387 shares during the period. First Trust Advisors LP increased its position in Bank OZK by 0.6% during the 3rd quarter. First Trust Advisors LP now owns 2,808,166 shares of the company's stock valued at $143,160,000 after purchasing an additional 17,427 shares during the period. American Century Companies Inc. increased its position in Bank OZK by 4.3% during the 3rd quarter. American Century Companies Inc. now owns 2,743,655 shares of the company's stock valued at $139,872,000 after purchasing an additional 112,048 shares during the period. Van Berkom & Associates Inc. increased its position in Bank OZK by 0.7% during the 3rd quarter. Van Berkom & Associates Inc. now owns 1,818,447 shares of the company's stock valued at $92,704,000 after purchasing an additional 12,733 shares during the period. Finally, Fairholme Capital Management LLC increased its position in Bank OZK by 45.1% during the 2nd quarter. Fairholme Capital Management LLC now owns 916,752 shares of the company's stock valued at $43,142,000 after purchasing an additional 285,150 shares during the period. 86.18% of the stock is owned by hedge funds and other institutional investors.

Bank OZK Stock Performance

Shares of Bank OZK stock opened at $48.16 on Friday. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of 7.84 and a beta of 0.93. The firm's 50-day moving average is $46.59 and its 200 day moving average is $46.85. Bank OZK has a 1 year low of $42.23 and a 1 year high of $53.66. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.00 and a quick ratio of 1.02.

Bank OZK (NASDAQ:OZK - Get Free Report) last issued its earnings results on Tuesday, April 21st. The company reported $1.44 earnings per share for the quarter, missing analysts' consensus estimates of $1.46 by ($0.02). Bank OZK had a return on equity of 12.32% and a net margin of 25.27%.The business had revenue of $424.32 million during the quarter, compared to analysts' expectations of $422.62 million. During the same period last year, the firm posted $1.47 EPS. Bank OZK's quarterly revenue was up 2.2% compared to the same quarter last year. Sell-side analysts anticipate that Bank OZK will post 6.03 EPS for the current fiscal year.

Bank OZK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 20th. Shareholders of record on Monday, April 13th were given a $0.47 dividend. The ex-dividend date of this dividend was Monday, April 13th. This represents a $1.88 dividend on an annualized basis and a yield of 3.9%. Bank OZK's payout ratio is 30.62%.

Analyst Ratings Changes

OZK has been the topic of a number of research analyst reports. Piper Sandler set a $62.00 price objective on shares of Bank OZK in a research report on Thursday, January 22nd. Stephens reduced their price objective on shares of Bank OZK from $64.00 to $62.00 and set an "overweight" rating on the stock in a research report on Thursday, January 22nd. Morgan Stanley boosted their price objective on shares of Bank OZK from $57.00 to $61.00 and gave the company an "equal weight" rating in a research report on Monday, March 2nd. Weiss Ratings raised shares of Bank OZK from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, April 21st. Finally, Wall Street Zen raised shares of Bank OZK from a "sell" rating to a "hold" rating in a research report on Saturday, January 3rd. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $56.89.

Bank OZK Profile

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank's core operations focus on commercial real estate lending, including acquisition, development and construction financing.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.