Bank OZK (NASDAQ:OZK) Shares Acquired by KG&L Capital Management LLC

KG&L Capital Management LLC increased its position in Bank OZK (NASDAQ:OZK) by 8.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,498 shares of the company’s stock after buying an additional 1,975 shares during the period. KG&L Capital Management LLC’s holdings in Bank OZK were worth $1,150,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in OZK. Norges Bank acquired a new position in Bank OZK during the fourth quarter worth approximately $53,114,000. Wasatch Advisors LP increased its position in Bank OZK by 19.3% during the 4th quarter. Wasatch Advisors LP now owns 7,102,657 shares of the company’s stock worth $316,281,000 after purchasing an additional 1,149,880 shares in the last quarter. First Trust Advisors LP lifted its position in Bank OZK by 30.4% during the fourth quarter. First Trust Advisors LP now owns 2,945,480 shares of the company’s stock valued at $131,162,000 after buying an additional 686,775 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Bank OZK during the fourth quarter valued at approximately $14,077,000. Finally, AQR Capital Management LLC grew its stake in Bank OZK by 12.6% during the fourth quarter. AQR Capital Management LLC now owns 2,811,354 shares of the company’s stock worth $125,190,000 after buying an additional 314,488 shares during the period. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Stock Performance

Shares of OZK stock opened at $46.53 on Thursday. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 7.63 and a beta of 0.85. Bank OZK has a one year low of $35.71 and a one year high of $53.64. The company’s 50-day simple moving average is $44.57 and its 200-day simple moving average is $45.38. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.02 and a current ratio of 1.02.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results 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. Bank OZK had a return on equity of 13.46% and a net margin of 25.66%. The business had revenue of $409.23 million during the quarter, compared to the consensus estimate of $403.05 million. During the same period in the previous year, the business earned $1.51 EPS. Equities analysts anticipate that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 14th were issued a $0.43 dividend. The ex-dividend date of this dividend was Monday, April 14th. This represents a $1.72 dividend on an annualized basis and a yield of 3.70%. This is a boost from Bank OZK’s previous quarterly dividend of $0.42. Bank OZK’s dividend payout ratio (DPR) is currently 28.20%.

Analyst Upgrades and Downgrades

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