Lecap Asset Management Ltd. Makes New Investment in Bank OZK (NASDAQ:OZK)

Lecap Asset Management Ltd. bought a new position in Bank OZK (NASDAQ:OZK - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,143 shares of the company's stock, valued at approximately $397,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OZK. Oppenheimer Asset Management Inc. increased its stake in shares of Bank OZK by 39.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 82,513 shares of the company's stock valued at $3,585,000 after purchasing an additional 23,501 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Bank OZK by 4.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 23,693 shares of the company's stock valued at $1,029,000 after purchasing an additional 1,086 shares during the period. State of Alaska Department of Revenue grew its holdings in Bank OZK by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 12,359 shares of the company's stock valued at $536,000 after purchasing an additional 330 shares during the period. CWA Asset Management Group LLC increased its position in shares of Bank OZK by 24.8% in the first quarter. CWA Asset Management Group LLC now owns 25,835 shares of the company's stock valued at $1,123,000 after buying an additional 5,126 shares in the last quarter. Finally, Cornerstone Wealth Management LLC raised its stake in shares of Bank OZK by 11.8% during the 1st quarter. Cornerstone Wealth Management LLC now owns 5,624 shares of the company's stock worth $244,000 after buying an additional 595 shares during the period. 86.18% of the stock is owned by institutional investors and hedge funds.

Bank OZK Price Performance

Shares of OZK stock traded down $0.10 during trading hours on Monday, reaching $47.06. The company had a trading volume of 495,097 shares, compared to its average volume of 1,218,226. Bank OZK has a 12-month low of $35.71 and a 12-month high of $53.64. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of 7.71 and a beta of 0.85. The stock has a fifty day moving average of $44.94 and a 200-day moving average of $45.36.

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. The company had revenue of $409.23 million for the quarter, compared to the consensus estimate of $403.05 million. Bank OZK had a return on equity of 13.46% and a net margin of 25.66%. During the same quarter in the previous year, the business earned $1.51 earnings per share. On average, equities analysts anticipate that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 21st. Shareholders 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 3.65%. 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 dividend payout ratio (DPR) is 28.20%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Stephens dropped their price target on shares of 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. Wells Fargo & Company dropped their target price on shares of 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. 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. Finally, Morgan Stanley reduced 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 research report on Thursday, March 13th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $50.86.

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.