SG Americas Securities LLC Invests $1.22 Million in Bank OZK (NASDAQ:OZK)

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

A number of other institutional investors and hedge funds have also made changes to their positions in the company. O Shaughnessy Asset Management LLC boosted its holdings in Bank OZK by 1.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 11,184 shares of the company's stock worth $498,000 after buying an additional 193 shares in the last quarter. Tidal Investments LLC boosted its holdings in Bank OZK by 1.0% during the fourth quarter. Tidal Investments LLC now owns 21,575 shares of the company's stock worth $961,000 after buying an additional 205 shares in the last quarter. Bank of Montreal Can boosted its holdings in Bank OZK by 0.5% during the fourth quarter. Bank of Montreal Can now owns 46,832 shares of the company's stock worth $2,085,000 after buying an additional 241 shares in the last quarter. Principal Securities Inc. boosted its holdings in Bank OZK by 12.7% during the fourth quarter. Principal Securities Inc. now owns 2,509 shares of the company's stock worth $112,000 after buying an additional 283 shares in the last quarter. Finally, Horrell Capital Management Inc. boosted its holdings in Bank OZK by 0.3% during the fourth quarter. Horrell Capital Management Inc. now owns 106,878 shares of the company's stock worth $4,759,000 after buying an additional 304 shares in the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Bank OZK Stock Performance

NASDAQ:OZK opened at $44.86 on Tuesday. The firm has a 50 day simple moving average of $43.67 and a 200-day simple moving average of $45.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. The firm has a market cap of $5.09 billion, a PE ratio of 7.31 and a beta of 0.85. Bank OZK has a 1-year low of $35.71 and a 1-year high of $53.64.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The company reported $1.47 earnings per share 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 quarter in the previous year, the business posted $1.51 earnings per share. On average, equities analysts expect that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 14th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.83%. 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 payout ratio is currently 28.20%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on OZK. Wells Fargo & Company decreased their price objective on shares of Bank OZK from $48.00 to $40.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Keefe, Bruyette & Woods reduced their price target on shares of Bank OZK from $50.00 to $48.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley reduced 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 report on Thursday, March 13th. Finally, Stephens reduced 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 report on Monday, April 21st. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price 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.

Want to see what other hedge funds are holding OZK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank OZK (NASDAQ:OZK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.