Bank OZK (NASDAQ:OZK) Shares Purchased by Dark Forest Capital Management LP

Dark Forest Capital Management LP grew its holdings in Bank OZK (NASDAQ:OZK - Free Report) by 139.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,524 shares of the company's stock after purchasing an additional 13,694 shares during the quarter. Dark Forest Capital Management LP's holdings in Bank OZK were worth $1,048,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Bank OZK in the 4th quarter worth $27,000. Kestra Investment Management LLC purchased a new stake in shares of Bank OZK during the fourth quarter worth about $27,000. Smartleaf Asset Management LLC increased its holdings in shares of Bank OZK by 176.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 761 shares of the company's stock valued at $34,000 after acquiring an additional 486 shares in the last quarter. V Square Quantitative Management LLC raised its position in shares of Bank OZK by 81.3% in the 4th quarter. V Square Quantitative Management LLC now owns 948 shares of the company's stock valued at $42,000 after purchasing an additional 425 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Bank OZK in the 4th quarter worth approximately $54,000. Hedge funds and other institutional investors own 86.18% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on OZK. Keefe, Bruyette & Woods decreased their price target on shares of Bank OZK from $50.00 to $48.00 and set a "market perform" rating for the company in a report on Tuesday. Morgan Stanley reduced their target price on Bank OZK from $58.00 to $54.00 and set an "equal weight" rating for the company in a research note on Thursday, March 13th. Stephens lowered their price target on Bank OZK from $59.00 to $54.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. Finally, Wells Fargo & Company cut their price objective on Bank OZK from $48.00 to $40.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $49.13.

Bank OZK Stock Performance

OZK stock traded up $0.09 during trading on Friday, hitting $42.72. 811,977 shares of the company traded hands, compared to its average volume of 1,334,181. Bank OZK has a 1 year low of $35.71 and a 1 year high of $53.64. The company has a market cap of $4.85 billion, a PE ratio of 6.96 and a beta of 1.05. The stock's 50-day simple moving average is $43.33 and its 200 day simple moving average is $45.80. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02.

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, equities analysts expect that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 14th were paid a dividend of $0.43 per share. This is a positive change from Bank OZK's previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 4.03%. The ex-dividend date was Monday, April 14th. Bank OZK's dividend payout ratio is presently 28.20%.

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.