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

GAMMA Investing LLC grew its position in 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 firm owned 243,668 shares of the company's stock after purchasing an additional 238,910 shares during the period. GAMMA Investing LLC owned approximately 0.21% of Bank OZK worth $10,587,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Bank OZK by 18.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 76,375 shares of the company's stock valued at $3,404,000 after acquiring an additional 12,048 shares during the period. Choreo LLC purchased a new position in Bank OZK during the fourth quarter worth approximately $277,000. Strategic Financial Concepts LLC acquired a new stake in Bank OZK in the fourth quarter valued at approximately $545,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Bank OZK in the fourth quarter valued at approximately $27,000. Finally, Vest Financial LLC increased its position in shares of Bank OZK by 59.6% in the fourth quarter. Vest Financial LLC now owns 55,533 shares of the company's stock valued at $2,473,000 after buying an additional 20,729 shares in the last quarter. Hedge funds and other institutional investors own 86.18% of the company's stock.

Bank OZK Trading Up 0.3%

Shares of Bank OZK stock traded up $0.12 during trading hours on Monday, hitting $46.00. The company's stock had a trading volume of 494,299 shares, compared to its average volume of 1,271,716. The stock has a market cap of $5.22 billion, a price-to-earnings ratio of 7.49 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 has a twelve month low of $35.71 and a twelve month high of $53.64. The firm has a fifty day moving average of $42.89 and a 200-day moving average of $45.65.

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

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 14th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Monday, April 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.74%. This is a boost from Bank OZK's previous quarterly dividend of $0.42. Bank OZK's dividend payout ratio (DPR) is presently 28.20%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on OZK shares. Keefe, Bruyette & Woods cut their target price on shares of Bank OZK from $50.00 to $48.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Stephens cut their price objective on Bank OZK from $59.00 to $54.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Morgan Stanley reduced their target price on 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 lowered their price target on Bank OZK from $48.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 9th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $50.86.

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.