GTS Securities LLC Invests $340,000 in Bank OZK (NASDAQ:OZK)

GTS Securities LLC purchased a new position in shares of Bank OZK (NASDAQ:OZK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,633 shares of the company's stock, valued at approximately $340,000.

Several other institutional investors and hedge funds also recently made changes to their positions in OZK. Migdal Insurance & Financial Holdings Ltd. bought a new position in Bank OZK during the fourth quarter worth $27,000. Kestra Investment Management LLC bought a new stake in Bank OZK during the fourth quarter worth approximately $27,000. Smartleaf Asset Management LLC grew its holdings in Bank OZK by 176.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 761 shares of the company's stock worth $34,000 after acquiring an additional 486 shares during the period. V Square Quantitative Management LLC grew its holdings in Bank OZK by 81.3% during the fourth quarter. V Square Quantitative Management LLC now owns 948 shares of the company's stock worth $42,000 after acquiring an additional 425 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Bank OZK in the 4th quarter valued at $54,000. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Bank OZK Stock Down 0.7%

OZK traded down $0.31 during midday trading on Friday, reaching $44.40. 719,187 shares of the company were exchanged, compared to its average volume of 1,300,493. The company has a market cap of $5.04 billion, a price-to-earnings ratio of 7.23 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. The company's fifty day moving average price is $42.82 and its 200 day moving average price is $45.80. 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 data on Wednesday, April 16th. The company reported $1.47 earnings per share 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 business had revenue of $409.23 million during the quarter, compared to analyst estimates of $403.05 million. During the same period in the prior year, the company earned $1.51 earnings per share. As a group, analysts expect that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 14th were given a dividend of $0.43 per share. 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 dividend on an annualized basis and a yield of 3.87%. Bank OZK's dividend payout ratio (DPR) is presently 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.