Guggenheim Capital LLC Takes Position in Bank OZK (NASDAQ:OZK)

Guggenheim Capital LLC bought a new stake in shares of Bank OZK (NASDAQ:OZK - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,238 shares of the company's stock, valued at approximately $278,000.

Several other hedge funds have also recently made changes to their positions in OZK. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Bank OZK during the 4th quarter valued at about $27,000. Kestra Investment Management LLC purchased a new position in Bank OZK during the 4th quarter valued at about $27,000. Smartleaf Asset Management LLC lifted its position in Bank OZK by 176.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 761 shares of the company's stock valued at $34,000 after acquiring an additional 486 shares during the period. V Square Quantitative Management LLC lifted its position in Bank OZK by 81.3% during the 4th quarter. V Square Quantitative Management LLC now owns 948 shares of the company's stock valued at $42,000 after acquiring an additional 425 shares during the period. Finally, Aster Capital Management DIFC Ltd purchased a new position in Bank OZK during the 4th quarter valued at about $54,000. 86.18% of the stock is owned by hedge funds and other institutional investors.

Bank OZK Stock Performance

Shares of OZK stock opened at $42.72 on Monday. The company has a 50 day moving average price of $43.33 and a 200-day moving average price of $45.85. Bank OZK has a 52 week low of $35.71 and a 52 week high of $53.64. The firm has a market capitalization of $4.85 billion, a PE ratio of 6.96 and a beta of 1.05. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16.

Bank OZK (NASDAQ:OZK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The company reported $1.47 EPS for the quarter, topping analysts' consensus estimates 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 business posted $1.51 earnings per share. As a group, equities research analysts expect 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 Monday, April 21st. Investors of record on Monday, April 14th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 4.03%. This is a positive change from Bank OZK's previous quarterly dividend of $0.42. The ex-dividend date was Monday, April 14th. Bank OZK's payout ratio is 28.20%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Stephens lowered their price target on shares of 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. Keefe, Bruyette & Woods decreased their target price 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, April 22nd. Wells Fargo & Company decreased their target price on shares of Bank OZK from $48.00 to $40.00 and set an "equal weight" rating for the company in a report on Wednesday, April 9th. Finally, Morgan Stanley decreased their target price on shares of Bank OZK from $58.00 to $54.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $49.13.

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.

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