Aigen Investment Management LP Makes New $336,000 Investment in Bank OZK (NASDAQ:OZK)

Aigen Investment Management LP acquired a new stake in shares of Bank OZK (NASDAQ:OZK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 7,540 shares of the company's stock, valued at approximately $336,000.

A number of other hedge funds have also added to or reduced their stakes in OZK. State Street Corp increased its stake in shares of Bank OZK by 7.3% in the 3rd quarter. State Street Corp now owns 7,106,907 shares of the company's stock worth $305,526,000 after acquiring an additional 485,172 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Bank OZK by 32.7% during the third quarter. Wellington Management Group LLP now owns 4,223,452 shares of the company's stock valued at $181,566,000 after purchasing an additional 1,041,198 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Bank OZK by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,130,006 shares of the company's stock worth $183,909,000 after buying an additional 188,575 shares during the last quarter. Geode Capital Management LLC increased its position in Bank OZK by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,022,979 shares of the company's stock valued at $86,989,000 after buying an additional 126,352 shares in the last quarter. Finally, Captrust Financial Advisors raised its stake in Bank OZK by 124.6% during the third quarter. Captrust Financial Advisors now owns 1,698,856 shares of the company's stock valued at $73,034,000 after buying an additional 942,309 shares during the last quarter. 86.18% of the stock is owned by hedge funds and other institutional investors.

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Bank OZK Stock Performance

Shares of NASDAQ OZK traded up $0.39 during midday trading on Wednesday, hitting $43.91. 737,066 shares of the company's stock traded hands, compared to its average volume of 1,238,122. The firm has a fifty day moving average of $48.14 and a 200 day moving average of $45.91. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.03. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of 7.15 and a beta of 1.23. Bank OZK has a 1 year low of $37.43 and a 1 year high of $53.64.

Bank OZK (NASDAQ:OZK - Get Free Report) last released its earnings results on Thursday, January 16th. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.12. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The company had revenue of $412.34 million during the quarter, compared to analyst estimates of $407.19 million. During the same period in the prior year, the firm posted $1.50 EPS. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. On average, analysts forecast that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 14th were issued a $0.42 dividend. The ex-dividend date was Tuesday, January 14th. This is an increase from Bank OZK's previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.83%. Bank OZK's payout ratio is 27.36%.

Wall Street Analysts Forecast Growth

OZK has been the topic of a number of recent research reports. Wells Fargo & Company raised Bank OZK from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $40.00 to $48.00 in a research note on Tuesday, January 21st. UBS Group initiated coverage on shares of Bank OZK in a research note on Tuesday, December 17th. They issued a "neutral" rating and a $51.00 target price on the stock. Finally, Stephens increased their price target on shares of Bank OZK from $53.00 to $57.00 and gave the company an "equal weight" rating in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Bank OZK presently has a consensus rating of "Hold" and a consensus target price of $50.00.

About Bank OZK

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.