SG Americas Securities LLC Acquires Shares of 28,028 Bank OZK (NASDAQ:OZK)

SG Americas Securities LLC bought a new position in Bank OZK (NASDAQ:OZK - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 28,028 shares of the company's stock, valued at approximately $1,218,000.

A number of other large investors have also recently added to or reduced their stakes in OZK. Allspring Global Investments Holdings LLC grew its position in shares of Bank OZK by 76.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 83,631 shares of the company's stock valued at $3,715,000 after purchasing an additional 36,266 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Bank OZK by 31.9% during the 4th quarter. Van ECK Associates Corp now owns 82,829 shares of the company's stock worth $3,688,000 after purchasing an additional 20,049 shares during the last quarter. V Square Quantitative Management LLC grew its holdings in Bank OZK by 81.3% in the 4th quarter. V Square Quantitative Management LLC now owns 948 shares of the company's stock valued at $42,000 after buying an additional 425 shares during the last quarter. Rhumbline Advisers grew its holdings in Bank OZK by 1.6% in the 4th quarter. Rhumbline Advisers now owns 342,417 shares of the company's stock valued at $15,248,000 after buying an additional 5,538 shares during the last quarter. Finally, Congress Asset Management Co. increased its position in Bank OZK by 5.0% in the 4th quarter. Congress Asset Management Co. now owns 62,640 shares of the company's stock worth $2,789,000 after buying an additional 2,981 shares during the period. Institutional investors own 86.18% of the company's stock.

Bank OZK Stock Performance

Bank OZK stock traded up $0.48 on Friday, hitting $45.39. The company's stock had a trading volume of 350,792 shares, compared to its average volume of 1,236,490. Bank OZK has a one year low of $35.71 and a one year high of $53.64. The firm has a market cap of $5.15 billion, a P/E ratio of 7.44 and a beta of 0.85. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.14. The company has a fifty day moving average price of $43.98 and a 200-day moving average price of $45.43.

Bank OZK (NASDAQ:OZK - Get Free Report) last issued its earnings results 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 net margin of 25.66% and a return on equity of 13.46%. The business had revenue of $409.23 million for the quarter, compared to analyst estimates of $403.05 million. During the same period in the previous year, the business earned $1.51 EPS. 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 disclosed a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 14th were paid a $0.43 dividend. This is a positive change from Bank OZK's previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend was Monday, April 14th. Bank OZK's dividend payout ratio is currently 28.20%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company reduced their price objective on Bank OZK from $48.00 to $40.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. Stephens reduced their price target on shares of Bank OZK from $59.00 to $54.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Morgan Stanley decreased their price target on shares of Bank OZK from $58.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Bank OZK from $50.00 to $48.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $50.86.

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.