TMB Capital Partners LLC Makes New Investment in Bank OZK $OZK

TMB Capital Partners LLC bought a new position in Bank OZK (NASDAQ:OZK) in the 4th quarter, Holdings Channel.com reports. The firm bought 32,901 shares of the company’s stock, valued at approximately $1,514,000.

A number of other large investors have also modified their holdings of the stock. Royal Bank of Canada lifted its position in Bank OZK by 37.8% during the 1st quarter. Royal Bank of Canada now owns 41,257 shares of the company’s stock worth $1,792,000 after acquiring an additional 11,310 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Bank OZK by 14.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,690 shares of the company’s stock valued at $2,029,000 after purchasing an additional 5,717 shares during the period. Empowered Funds LLC raised its stake in shares of Bank OZK by 1.8% during the first quarter. Empowered Funds LLC now owns 60,037 shares of the company’s stock valued at $2,609,000 after purchasing an additional 1,058 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Bank OZK by 8.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 349,749 shares of the company’s stock worth $15,197,000 after purchasing an additional 26,676 shares in the last quarter. Finally, Focus Partners Wealth boosted its stake in shares of Bank OZK by 11.0% in the first quarter. Focus Partners Wealth now owns 17,711 shares of the company’s stock valued at $770,000 after purchasing an additional 1,756 shares during the period. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Stock Up 0.5%

Shares of NASDAQ:OZK opened at $49.26 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.14. The company has a fifty day simple moving average of $48.51 and a 200 day simple moving average of $47.63. The firm has a market cap of $5.51 billion, a PE ratio of 8.02 and a beta of 0.90. Bank OZK has a 12-month low of $42.37 and a 12-month high of $53.66.

Bank OZK (NASDAQ:OZK) last posted its quarterly 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). Bank OZK had a net margin of 25.27% and a return on equity of 12.32%. The company had revenue of $424.32 million during the quarter, compared to analyst estimates of $422.62 million. During the same period in the prior year, the company earned $1.47 earnings per share. The company’s revenue was up 2.2% on a year-over-year basis. On average, equities research analysts anticipate that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 20th. Stockholders of record on Monday, April 13th were given a $0.47 dividend. The ex-dividend date of this dividend was Monday, April 13th. This represents a $1.88 annualized dividend and a dividend yield of 3.8%. Bank OZK’s payout ratio is presently 30.62%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Weiss Ratings lowered shares of Bank OZK from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. UBS Group started coverage on shares of Bank OZK in a research report on Tuesday, April 7th. They issued a “neutral” rating and a $48.00 price objective for the company. Morgan Stanley raised their target price on Bank OZK from $57.00 to $61.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. Wall Street Zen raised Bank OZK from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, Wells Fargo & Company boosted 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. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $56.89.

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.