Jump Financial LLC Boosts Holdings in Bank OZK (NASDAQ:OZK)

Jump Financial LLC grew its position in Bank OZK (NASDAQ:OZK - Free Report) by 119.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 129,231 shares of the company's stock after acquiring an additional 70,378 shares during the quarter. Jump Financial LLC owned about 0.11% of Bank OZK worth $5,755,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

OZK has been the topic of several analyst reports. Wells Fargo & Company reduced their price target 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. Morgan Stanley decreased their target price on shares of Bank OZK from $58.00 to $54.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. Finally, Stephens raised their price target on shares of Bank OZK from $53.00 to $57.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $49.38.

Bank OZK Trading Up 5.8 %

NASDAQ OZK traded up $2.29 during trading on Friday, hitting $41.63. The stock had a trading volume of 2,706,623 shares, compared to its average volume of 1,332,853. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $4.72 billion, a PE ratio of 6.78 and a beta of 1.05. The firm has a 50 day moving average price of $44.36 and a 200 day moving average price of $45.80. Bank OZK has a twelve month low of $35.71 and a twelve month high of $53.64.

Bank OZK (NASDAQ:OZK - Get Free Report) last released its earnings results on Wednesday, April 16th. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.05. The firm had revenue of $409.23 million during the quarter, compared to analyst estimates of $403.05 million. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. During the same period last year, the business posted $1.51 earnings per share. As a group, equities research 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 will be paid on Monday, April 21st. Investors of record on Monday, April 14th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend is Monday, April 14th. This is a positive change from Bank OZK's previous quarterly dividend of $0.42. Bank OZK's dividend payout ratio is 28.20%.

Bank OZK 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.