GSA Capital Partners LLP Boosts Stock Position in Bank OZK $OZK

GSA Capital Partners LLP increased its stake in shares of Bank OZK (NASDAQ:OZK) by 50.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,139 shares of the company’s stock after purchasing an additional 20,821 shares during the quarter. Bank OZK makes up approximately 0.2% of GSA Capital Partners LLP’s holdings, making the stock its 25th largest holding. GSA Capital Partners LLP owned 0.06% of Bank OZK worth $2,860,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wasatch Advisors LP increased its position in Bank OZK by 34.9% during 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. First Trust Advisors LP increased its position in Bank OZK by 0.6% during the 3rd quarter. First Trust Advisors LP now owns 2,808,166 shares of the company’s stock worth $143,160,000 after purchasing an additional 17,427 shares in the last quarter. American Century Companies Inc. increased its position in Bank OZK by 4.3% during the 3rd quarter. American Century Companies Inc. now owns 2,743,655 shares of the company’s stock worth $139,872,000 after purchasing an additional 112,048 shares in the last quarter. Van Berkom & Associates Inc. increased its position in Bank OZK by 2.8% during the 4th quarter. Van Berkom & Associates Inc. now owns 1,869,432 shares of the company’s stock worth $86,031,000 after purchasing an additional 50,985 shares in the last quarter. Finally, Fairholme Capital Management LLC increased its position in Bank OZK by 45.1% during the 2nd quarter. Fairholme Capital Management LLC now owns 916,752 shares of the company’s stock worth $43,142,000 after purchasing an additional 285,150 shares in the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on OZK shares. Wall Street Zen upgraded Bank OZK from a “sell” rating to a “hold” rating in a research report on Sunday. Weiss Ratings raised Bank OZK from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, April 21st. Wells Fargo & Company raised their price target on Bank OZK from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Monday, March 30th. Piper Sandler set a $62.00 price target on Bank OZK in a research note on Thursday, January 22nd. Finally, TD Cowen decreased their price target on Bank OZK from $56.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $56.89.

Bank OZK Stock Up 1.3%

Shares of NASDAQ:OZK opened at $47.32 on Tuesday. The stock’s 50-day moving average price is $46.54 and its two-hundred day moving average price is $46.89. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.14. Bank OZK has a 12-month low of $42.37 and a 12-month high of $53.66. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 7.71 and a beta of 0.91.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.02). Bank OZK had a return on equity of 12.32% and a net margin of 25.27%.The business had revenue of $424.32 million during the quarter, compared to analyst estimates of $422.62 million. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.47 earnings per share. On average, research analysts forecast that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 20th. Stockholders of record on Monday, April 13th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, April 13th. Bank OZK’s payout ratio is currently 30.62%.

Bank OZK Company Profile

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.