Bank OZK $OZK Shares Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP grew its position in Bank OZK (NASDAQ:OZK) by 50.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 62,139 shares of the company’s stock after acquiring an additional 20,821 shares during the quarter. Bank OZK makes up approximately 0.2% of GSA Capital Partners LLP’s investment portfolio, making the stock its 25th biggest position. GSA Capital Partners LLP’s holdings in Bank OZK were worth $2,860,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Wasatch Advisors LP lifted its stake in shares of Bank OZK by 34.9% in the 3rd quarter. Wasatch Advisors LP now owns 7,437,646 shares of the company’s stock valued at $379,171,000 after purchasing an additional 1,924,387 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Bank OZK by 0.6% in the 3rd quarter. First Trust Advisors LP now owns 2,808,166 shares of the company’s stock valued at $143,160,000 after purchasing an additional 17,427 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Bank OZK by 4.3% in the 3rd quarter. American Century Companies Inc. now owns 2,743,655 shares of the company’s stock valued at $139,872,000 after purchasing an additional 112,048 shares in the last quarter. Van Berkom & Associates Inc. lifted its stake in shares of Bank OZK by 2.8% in the 4th quarter. Van Berkom & Associates Inc. now owns 1,869,432 shares of the company’s stock valued at $86,031,000 after purchasing an additional 50,985 shares in the last quarter. Finally, Fairholme Capital Management LLC lifted its stake in shares of Bank OZK by 45.1% in the 2nd quarter. Fairholme Capital Management LLC now owns 916,752 shares of the company’s stock valued at $43,142,000 after purchasing an additional 285,150 shares in the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

Bank OZK Price Performance

OZK stock opened at $47.32 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.00 and a debt-to-equity ratio of 0.14. Bank OZK has a 52-week low of $42.37 and a 52-week high of $53.66. The stock’s 50 day moving average is $46.54 and its two-hundred day moving average is $46.89. The company has a market capitalization of $5.29 billion, a PE ratio of 7.71 and a beta of 0.91.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings data 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 return on equity of 12.32% and a net margin of 25.27%.The business had revenue of $424.32 million for the quarter, compared to analysts’ expectations of $422.62 million. During the same quarter in the prior year, the firm earned $1.47 earnings per share. Bank OZK’s revenue for the quarter was up 2.2% compared to the same quarter last year. Analysts predict that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on OZK shares. Piper Sandler set a $62.00 price target on Bank OZK in a research report on Thursday, January 22nd. TD Cowen reduced their price target on Bank OZK from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, January 22nd. Stephens reduced their price target on Bank OZK from $64.00 to $62.00 and set an “overweight” rating on the stock in a research report on Thursday, January 22nd. UBS Group started coverage on Bank OZK in a research report on Tuesday, April 7th. They set a “neutral” rating and a $48.00 price target on the stock. 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 report on Monday, March 30th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock 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.