Twinbeech Capital LP Invests $394,000 in Bank OZK (NASDAQ:OZK)

Twinbeech Capital LP purchased a new position in Bank OZK (NASDAQ:OZK - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,846 shares of the company's stock, valued at approximately $394,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Barclays PLC boosted its holdings in Bank OZK by 30.7% in the third 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 period. Rhumbline Advisers lifted its holdings in Bank OZK by 1.6% in the fourth quarter. Rhumbline Advisers now owns 342,417 shares of the company's stock worth $15,248,000 after purchasing an additional 5,538 shares during the period. Merit Financial Group LLC acquired a new stake in Bank OZK in the fourth quarter worth about $307,000. Park Avenue Securities LLC acquired a new stake in Bank OZK in the 4th quarter valued at about $227,000. Finally, KBC Group NV lifted its holdings in Bank OZK by 60.8% in the 4th quarter. KBC Group NV now owns 4,727 shares of the company's stock valued at $210,000 after acquiring an additional 1,788 shares during the last quarter. Institutional investors own 86.18% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on OZK shares. Stephens cut their price target on shares of Bank OZK from $59.00 to $54.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Keefe, Bruyette & Woods cut their price target on shares of Bank OZK from $50.00 to $48.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Morgan Stanley cut their price target on shares of Bank OZK from $58.00 to $54.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Finally, Wells Fargo & Company reduced their price objective on shares of Bank OZK from $48.00 to $40.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $49.13.

Bank OZK Stock Down 1.2%

OZK traded down $0.56 during midday trading on Wednesday, hitting $44.93. 111,039 shares of the company's stock traded hands, compared to its average volume of 1,331,610. The company has a market cap of $5.10 billion, a PE ratio of 7.32 and a beta of 0.85. The stock's fifty day simple moving average is $42.85 and its 200-day simple moving average is $45.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. Bank OZK has a one year low of $35.71 and a one year high of $53.64.

Bank OZK (NASDAQ:OZK - Get Free Report) last announced 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. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The company had revenue of $409.23 million for the quarter, compared to the consensus estimate of $403.05 million. During the same quarter last year, the company posted $1.51 earnings per share. As a group, equities 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 disclosed a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 14th were paid a $0.43 dividend. This is an increase from Bank OZK's previous quarterly dividend of $0.42. The ex-dividend date was Monday, April 14th. This represents a $1.72 annualized dividend and a dividend yield of 3.83%. Bank OZK's dividend payout ratio (DPR) 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.