Bank OZK (NASDAQ:OZK) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in shares of Bank OZK (NASDAQ:OZK) by 14.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,758 shares of the company’s stock after acquiring an additional 606 shares during the period. GAMMA Investing LLC’s holdings in Bank OZK were worth $212,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. M&T Bank Corp raised its stake in shares of Bank OZK by 1.9% during the third quarter. M&T Bank Corp now owns 13,432 shares of the company’s stock valued at $578,000 after purchasing an additional 244 shares in the last quarter. Evergreen Capital Management LLC raised its position in shares of Bank OZK by 8.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 5,079 shares of the company’s stock worth $208,000 after buying an additional 388 shares in the last quarter. Raymond James Trust N.A. lifted its stake in shares of Bank OZK by 6.0% in the 3rd quarter. Raymond James Trust N.A. now owns 7,184 shares of the company’s stock worth $309,000 after acquiring an additional 407 shares during the period. Assetmark Inc. boosted its holdings in shares of Bank OZK by 73.8% in the third quarter. Assetmark Inc. now owns 968 shares of the company’s stock valued at $42,000 after acquiring an additional 411 shares in the last quarter. Finally, Caprock Group LLC increased its stake in shares of Bank OZK by 10.5% during the third quarter. Caprock Group LLC now owns 6,805 shares of the company’s stock valued at $293,000 after acquiring an additional 645 shares during the period. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Stock Performance

Bank OZK stock opened at $43.40 on Wednesday. Bank OZK has a fifty-two week low of $37.43 and a fifty-two week high of $51.50. The firm’s 50 day simple moving average is $46.59 and its 200-day simple moving average is $44.00. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $4.92 billion, a P/E ratio of 7.14 and a beta of 1.20.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings data on Thursday, October 17th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.02. The firm had revenue of $423.00 million for the quarter, compared to analysts’ expectations of $419.08 million. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%. As a group, equities research analysts predict that Bank OZK will post 6.03 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th will be paid a $0.42 dividend. This is an increase from Bank OZK’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a yield of 3.87%. The ex-dividend date is Tuesday, January 14th. Bank OZK’s dividend payout ratio is currently 27.63%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. UBS Group initiated coverage on Bank OZK in a research note on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price target for the company. Wells Fargo & Company raised their target price on Bank OZK from $35.00 to $40.00 and gave the company an “underweight” rating in a research note on Tuesday, December 3rd. Raymond James cut shares of Bank OZK from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. Truist Financial reduced their price objective on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a research report on Monday, October 21st. Finally, Stephens boosted their target price on shares of Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Bank OZK presently has an average rating of “Hold” and a consensus target price of $48.25.

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.