5,805 Shares in Bank OZK (NASDAQ:OZK) Purchased by Kera Capital Partners Inc.

Kera Capital Partners Inc. acquired a new stake in shares of Bank OZK (NASDAQ:OZK - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,805 shares of the company's stock, valued at approximately $252,000.

Other hedge funds have also recently made changes to their positions in the company. Barclays PLC increased its position in shares of Bank OZK by 30.7% during the 3rd quarter. Barclays PLC now owns 254,874 shares of the company's stock valued at $10,958,000 after purchasing an additional 59,907 shares during the last quarter. KBC Group NV increased its holdings in Bank OZK by 60.8% during the fourth quarter. KBC Group NV now owns 4,727 shares of the company's stock valued at $210,000 after buying an additional 1,788 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Bank OZK by 2.1% during the fourth quarter. Pacer Advisors Inc. now owns 15,733 shares of the company's stock valued at $701,000 after buying an additional 325 shares during the last quarter. R Squared Ltd purchased a new stake in Bank OZK during the fourth quarter valued at approximately $149,000. Finally, New Wave Wealth Advisors LLC purchased a new stake in Bank OZK during the fourth quarter valued at approximately $93,000. 86.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. Stephens reduced their price target on Bank OZK from $59.00 to $54.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. Morgan Stanley reduced their target price 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. Keefe, Bruyette & Woods reduced 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 report on Tuesday, April 22nd. 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. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $50.86.

Bank OZK Price Performance

OZK traded down $0.31 during trading on Friday, reaching $44.40. 719,187 shares of the company traded hands, compared to its average volume of 1,296,959. 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 12-month low of $35.71 and a 12-month high of $53.64. The firm has a fifty day simple moving average of $42.82 and a 200 day simple moving average of $45.78. The company has a market cap of $5.04 billion, a P/E ratio of 7.23 and a beta of 0.85.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.05. The business had revenue of $409.23 million during the quarter, compared to analyst estimates of $403.05 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. During the same period last year, the firm posted $1.51 EPS. On average, equities analysts forecast that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 14th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.87%. This is a boost from Bank OZK's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, April 14th. 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.