Bank OZK (NASDAQ:OZK) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of Bank OZK (NASDAQ:OZK - Free Report) by 5,021.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 243,668 shares of the company's stock after purchasing an additional 238,910 shares during the period. GAMMA Investing LLC owned about 0.21% of Bank OZK worth $10,587,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in OZK. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Bank OZK by 18.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 76,375 shares of the company's stock worth $3,404,000 after purchasing an additional 12,048 shares in the last quarter. Choreo LLC acquired a new stake in shares of Bank OZK during the fourth quarter worth about $277,000. Strategic Financial Concepts LLC acquired a new stake in shares of Bank OZK during the fourth quarter worth about $545,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Bank OZK during the fourth quarter worth about $27,000. Finally, Vest Financial LLC increased its position in shares of Bank OZK by 59.6% during the fourth quarter. Vest Financial LLC now owns 55,533 shares of the company's stock worth $2,473,000 after purchasing an additional 20,729 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on OZK. Wells Fargo & Company cut 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. Morgan Stanley lowered their price target on Bank OZK from $58.00 to $54.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. Keefe, Bruyette & Woods lowered their price target on Bank OZK from $50.00 to $48.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Finally, Stephens lowered their price target on Bank OZK from $59.00 to $54.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $50.86.

Bank OZK Stock Performance

OZK traded down $0.66 during trading on Wednesday, reaching $45.72. The company's stock had a trading volume of 644,022 shares, compared to its average volume of 1,263,544. Bank OZK has a 52-week low of $35.71 and a 52-week high of $53.64. The company's fifty day moving average price is $43.23 and its 200-day moving average price is $45.64. The company has a market capitalization of $5.19 billion, a price-to-earnings ratio of 7.45 and a beta of 0.85. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.03.

Bank OZK (NASDAQ:OZK - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The company reported $1.47 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $403.05 million. During the same quarter in the previous year, the company earned $1.51 EPS. On average, equities analysts forecast that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 14th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date was Monday, April 14th. This is a positive change from Bank OZK's previous quarterly dividend of $0.42. Bank OZK's payout ratio is currently 28.20%.

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.