Belleair Asset Management LLC Makes New Investment in Bank OZK $OZK

Belleair Asset Management LLC bought a new position in Bank OZK (NASDAQ:OZK) in the fourth quarter, HoldingsChannel reports. The fund bought 35,850 shares of the company’s stock, valued at approximately $1,650,000. Bank OZK makes up about 1.6% of Belleair Asset Management LLC’s portfolio, making the stock its 18th largest position.

Other hedge funds have also bought and sold shares of the company. Root Financial Partners LLC purchased a new position in Bank OZK in the 3rd quarter worth about $27,000. BOKF NA purchased a new stake in shares of Bank OZK during the 3rd quarter valued at about $27,000. V Square Quantitative Management LLC purchased a new stake in shares of Bank OZK during the 4th quarter valued at about $25,000. True Wealth Design LLC increased its position in shares of Bank OZK by 147.0% during the 3rd quarter. True Wealth Design LLC now owns 568 shares of the company’s stock valued at $29,000 after purchasing an additional 338 shares during the last quarter. Finally, Quent Capital LLC purchased a new stake in shares of Bank OZK during the 3rd quarter valued at about $35,000. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Bank OZK Trading Up 1.4%

Bank OZK stock opened at $48.16 on Friday. The firm has a 50 day moving average of $46.59 and a 200 day moving average of $46.85. The firm has a market capitalization of $5.39 billion, a price-to-earnings ratio of 7.84 and a beta of 0.93. Bank OZK has a 12-month low of $42.23 and a 12-month high of $53.66. 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 (NASDAQ:OZK) last released its earnings results on Tuesday, April 21st. The company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.02). The firm had revenue of $424.32 million during the quarter, compared to analysts’ expectations of $422.62 million. Bank OZK had a return on equity of 12.32% and a net margin of 25.27%.The company’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.47 earnings per share. As a group, research analysts predict that Bank OZK will post 6.03 earnings per share for the current year.

Bank OZK Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 20th. Shareholders of record on Monday, April 13th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.9%. The ex-dividend date was Monday, April 13th. Bank OZK’s dividend payout ratio is presently 30.62%.

Analysts Set New Price Targets

OZK has been the subject of several research reports. Wells Fargo & Company upped their price target 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. Weiss Ratings raised shares of Bank OZK from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, April 21st. TD Cowen reduced their price target on shares of Bank OZK from $56.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, January 22nd. Citigroup reaffirmed a “sell” rating on shares of Bank OZK in a research report on Monday, January 5th. Finally, Morgan Stanley upped their price target 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. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $56.89.

Bank OZK 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.