Tectonic Advisors LLC Has $2.99 Million Holdings in Bank OZK $OZK

Key Points

• Tectonic Advisors boosted its stake in Bank OZK by 327.8% in Q4, acquiring an additional 49,716 shares to hold 64,882 shares worth about $2.99 million (≈0.06% of the company).
• Institutional ownership is high at 86.18%, with large investors like Wasatch Advisors now holding 7.44 million shares (~$379.2M) and several other funds materially increasing positions.
• Bank OZK reported Q4 EPS of $1.53 (missing estimates by $0.03), the stock trades near $48 with a market cap of $5.36B, and the board declared a quarterly dividend of $0.47 (annualized $1.88, ~3.9% yield).

Tectonic Advisors LLC increased its holdings in Bank OZK (NASDAQ:OZK - Free Report) by 327.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,882 shares of the company's stock after acquiring an additional 49,716 shares during the period. Tectonic Advisors LLC owned about 0.06% of Bank OZK worth $2,986,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wasatch Advisors LP grew its position in Bank OZK by 34.9% in the 3rd quarter. Wasatch Advisors LP now owns 7,437,646 shares of the company's stock worth $379,171,000 after purchasing an additional 1,924,387 shares in the last quarter. Fairholme Capital Management LLC grew its position in shares of Bank OZK by 45.1% during the 2nd quarter. Fairholme Capital Management LLC now owns 916,752 shares of the company's stock valued at $43,142,000 after acquiring an additional 285,150 shares during the period. Qube Research & Technologies Ltd bought a new position in shares of Bank OZK during the 3rd quarter valued at approximately $13,014,000. Mackenzie Financial Corp boosted its holdings in Bank OZK by 39.2% in the 3rd quarter. Mackenzie Financial Corp now owns 788,819 shares of the company's stock worth $40,214,000 after buying an additional 222,157 shares during the period. Finally, Balyasny Asset Management L.P. boosted its holdings in Bank OZK by 36.7% in the 2nd quarter. Balyasny Asset Management L.P. now owns 793,797 shares of the company's stock worth $37,356,000 after buying an additional 213,101 shares during the period. Institutional investors and hedge funds own 86.18% of the company's stock.

Bank OZK Price Performance

OZK stock opened at $47.94 on Monday. The firm's 50-day moving average price is $47.03 and its two-hundred day moving average price is $47.09. Bank OZK has a 12-month low of $36.50 and a 12-month high of $53.66. The stock has a market capitalization of $5.36 billion, a price-to-earnings ratio of 7.77 and a beta of 0.93. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.08.

Bank OZK (NASDAQ:OZK - Get Free Report) last released its quarterly earnings data on Tuesday, January 20th. The company reported $1.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.56 by ($0.03). Bank OZK had a net margin of 25.50% and a return on equity of 12.65%. The firm had revenue of $436.29 million during the quarter, compared to analysts' expectations of $434.68 million. During the same quarter in the previous year, the firm posted $1.56 EPS. As a group, equities analysts predict that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 20th. Stockholders of record on Monday, April 13th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, April 13th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.9%. Bank OZK's payout ratio is presently 29.82%.

Analyst Ratings Changes

Several research analysts recently commented on OZK shares. Zacks Research raised shares of Bank OZK from a "strong sell" rating to a "hold" rating in a report on Wednesday, January 7th. Citigroup reissued a "sell" rating on shares of Bank OZK in a report on Monday, January 5th. Piper Sandler set a $62.00 price objective on shares of Bank OZK in a research report on Thursday, January 22nd. Morgan Stanley raised their price objective on shares of Bank OZK from $57.00 to $61.00 and gave the company an "equal weight" rating in a research report on Monday, March 2nd. Finally, Wells Fargo & Company raised their price objective on shares of Bank OZK from $48.00 to $50.00 and gave the company an "equal weight" rating in a research report on Monday, March 30th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $56.89.

About Bank OZK

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank's core operations focus on commercial real estate lending, including acquisition, development and construction financing.

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