MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 7,879 Shares of Bank OZK (NASDAQ:OZK)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Bank OZK (NASDAQ:OZK - Free Report) by 23.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,973 shares of the company's stock after acquiring an additional 7,879 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Bank OZK were worth $1,825,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on OZK. Stephens cut their price target on Bank OZK from $59.00 to $54.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Wells Fargo & Company cut 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. Morgan Stanley cut their price target 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, Keefe, Bruyette & Woods cut their price target on Bank OZK from $50.00 to $48.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $49.13.

Bank OZK Price Performance

Shares of OZK stock traded down $0.59 during mid-day trading on Wednesday, reaching $44.90. The company's stock had a trading volume of 68,815 shares, compared to its average volume of 1,331,420. Bank OZK has a 1-year low of $35.71 and a 1-year high of $53.64. The company has a market cap of $5.09 billion, a P/E ratio of 7.32 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 firm's 50-day moving average is $42.85 and its two-hundred day moving average is $45.86.

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. 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 during the quarter, compared to analysts' expectations of $403.05 million. During the same quarter in the prior year, the company posted $1.51 EPS. On average, research analysts predict that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 14th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.83%. This is a boost from Bank OZK's previous quarterly dividend of $0.42. The ex-dividend date was Monday, April 14th. Bank OZK's dividend payout ratio is 28.20%.

About Bank OZK

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.