Mach 1 Financial Group LLC Invests $582,000 in Bank OZK $OZK

Mach 1 Financial Group LLC purchased a new position in shares of Bank OZK (NASDAQ:OZK) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 12,645 shares of the company’s stock, valued at approximately $582,000.

A number of other institutional investors also recently modified their holdings of OZK. Wasatch Advisors LP raised its holdings in shares of Bank OZK by 34.9% during the 3rd quarter. Wasatch Advisors LP now owns 7,437,646 shares of the company’s stock worth $379,171,000 after buying an additional 1,924,387 shares in the last quarter. Fairholme Capital Management LLC grew its holdings in shares of Bank OZK by 45.1% during 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 during the last quarter. Qube Research & Technologies Ltd acquired a new position in Bank OZK during the 3rd quarter worth approximately $13,014,000. Mackenzie Financial Corp increased its position in Bank OZK by 39.2% during the 3rd quarter. Mackenzie Financial Corp now owns 788,819 shares of the company’s stock worth $40,214,000 after purchasing an additional 222,157 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its position in Bank OZK by 36.7% during the 2nd quarter. Balyasny Asset Management L.P. now owns 793,797 shares of the company’s stock worth $37,356,000 after purchasing an additional 213,101 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on OZK. Piper Sandler set a $62.00 price objective on shares of Bank OZK in a research report on Thursday, January 22nd. TD Cowen lowered their price objective 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. Stephens lowered their price objective on shares of Bank OZK from $64.00 to $62.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. Wall Street Zen raised Bank OZK from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Finally, Wells Fargo & Company upped their target price on Bank OZK from $48.00 to $50.00 and gave the stock an “equal weight” rating in a report on Monday, March 30th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $56.89.

Bank OZK Trading Down 0.2%

Shares of NASDAQ OZK opened at $48.17 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.02 and a current ratio of 1.00. Bank OZK has a 52-week low of $42.37 and a 52-week high of $53.66. The firm has a 50 day moving average price of $46.72 and a two-hundred day moving average price of $46.95. The stock has a market cap of $5.39 billion, a P/E ratio of 7.85 and a beta of 0.91.

Bank OZK (NASDAQ:OZK) last announced 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 business had revenue of $424.32 million during the quarter, compared to analyst estimates of $422.62 million. During the same quarter last year, the company posted $1.47 earnings per share. The company’s revenue was up 2.2% compared to the same quarter last year. As a group, equities analysts forecast that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 20th. Shareholders of record on Monday, April 13th were given 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 30.62%.

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.