Farringdon Capital Ltd. Invests $300,000 in Bank OZK (NASDAQ:OZK)

Farringdon Capital Ltd. acquired a new position in Bank OZK (NASDAQ:OZK - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,739 shares of the company's stock, valued at approximately $300,000.

A number of other hedge funds also recently added to or reduced their stakes in OZK. Wasatch Advisors LP boosted its holdings in shares of Bank OZK by 19.3% in the 4th quarter. Wasatch Advisors LP now owns 7,102,657 shares of the company's stock valued at $316,281,000 after buying an additional 1,149,880 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Bank OZK by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,130,006 shares of the company's stock valued at $183,909,000 after acquiring an additional 188,575 shares in the last quarter. American Century Companies Inc. grew its holdings in Bank OZK by 12.3% in the fourth quarter. American Century Companies Inc. now owns 2,176,997 shares of the company's stock worth $96,942,000 after purchasing an additional 238,810 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Bank OZK by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 2,038,463 shares of the company's stock valued at $90,798,000 after purchasing an additional 15,484 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Bank OZK by 10.8% in the 4th quarter. Victory Capital Management Inc. now owns 1,464,023 shares of the company's stock worth $65,193,000 after purchasing an additional 142,587 shares in the last quarter. 86.18% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on OZK shares. Stephens decreased their price target on Bank OZK from $59.00 to $54.00 and set an "equal weight" rating for the company in a research note on Monday. Wells Fargo & Company reduced their target price on Bank OZK from $48.00 to $40.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Morgan Stanley lowered their price target on Bank OZK from $58.00 to $54.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. Finally, Keefe, Bruyette & Woods cut their price objective on Bank OZK from $50.00 to $48.00 and set a "market perform" rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $49.13.

Bank OZK Stock Performance

Bank OZK stock traded up $0.59 during midday trading on Thursday, hitting $42.53. 318,680 shares of the company were exchanged, compared to its average volume of 1,471,529. Bank OZK has a fifty-two week low of $35.71 and a fifty-two week high of $53.64. The firm has a market capitalization of $4.83 billion, a PE ratio of 6.93 and a beta of 1.05. The business has a fifty day simple moving average of $43.69 and a two-hundred day simple moving average of $45.79. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.03.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its earnings results on Wednesday, April 16th. The company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.05. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The firm had revenue of $409.23 million during the quarter, compared to analyst estimates of $403.05 million. During the same period in the previous year, the firm earned $1.51 EPS. On average, sell-side analysts forecast that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 14th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Monday, April 14th. This is an increase from Bank OZK's previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a yield of 4.04%. Bank OZK's dividend payout ratio is 28.20%.

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.