8,846 Shares in Bank OZK (NASDAQ:OZK) Purchased by Twinbeech Capital LP

Twinbeech Capital LP acquired a new position in shares of Bank OZK (NASDAQ:OZK) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,846 shares of the company’s stock, valued at approximately $394,000.

Other large investors have also added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new stake in Bank OZK during the fourth quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Bank OZK in the fourth quarter worth about $27,000. Smartleaf Asset Management LLC increased its stake in shares of Bank OZK by 176.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 761 shares of the company’s stock worth $34,000 after purchasing an additional 486 shares in the last quarter. V Square Quantitative Management LLC increased its stake in shares of Bank OZK by 81.3% in the fourth quarter. V Square Quantitative Management LLC now owns 948 shares of the company’s stock worth $42,000 after purchasing an additional 425 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Bank OZK in the fourth quarter worth about $54,000. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Stephens reduced their target price on shares of Bank OZK from $59.00 to $54.00 and set an “equal weight” rating for the company in a research note on Monday, April 21st. Morgan Stanley reduced their target price on shares of Bank OZK from $58.00 to $54.00 and set an “equal weight” rating for the company in a research note on Thursday, March 13th. Keefe, Bruyette & Woods reduced their target price on shares of Bank OZK from $50.00 to $48.00 and set a “market perform” rating for the company in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company reduced their target price on shares of Bank OZK from $48.00 to $40.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $49.13.

Bank OZK Price Performance

Shares of NASDAQ:OZK opened at $44.73 on Friday. The company has a 50 day moving average of $42.82 and a 200 day moving average of $45.91. The stock has a market cap of $5.07 billion, a P/E ratio of 7.29 and a beta of 0.85. Bank OZK has a 12 month low of $35.71 and a 12 month high of $53.64. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16.

Bank OZK (NASDAQ:OZK) last announced its earnings results on Wednesday, April 16th. The company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.05. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The business had revenue of $409.23 million during the quarter, compared to analyst estimates of $403.05 million. During the same period in the previous year, the business posted $1.51 earnings per share. As a group, sell-side analysts forecast that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 14th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Monday, April 14th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 3.85%. Bank OZK’s payout ratio is presently 28.20%.

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.