Kennedy Capital Management LLC lessened its position in shares of Bank OZK (NASDAQ:OZK - Free Report) by 2.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 507,974 shares of the company's stock after selling 11,702 shares during the quarter. Bank OZK comprises 0.5% of Kennedy Capital Management LLC's investment portfolio, making the stock its 28th biggest holding. Kennedy Capital Management LLC owned about 0.45% of Bank OZK worth $22,620,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kestra Investment Management LLC acquired a new stake in Bank OZK in the fourth quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Bank OZK in the fourth quarter valued at $27,000. Smartleaf Asset Management LLC lifted its holdings in shares of Bank OZK by 176.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 761 shares of the company's stock worth $34,000 after acquiring an additional 486 shares during the period. V Square Quantitative Management LLC increased its holdings in shares of Bank OZK by 81.3% during the 4th 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 acquired a new position in shares of Bank OZK in the 4th quarter valued at about $54,000. Hedge funds and other institutional investors own 86.18% of the company's stock.
Bank OZK Stock Performance
Shares of NASDAQ:OZK traded up $1.18 on Tuesday, reaching $39.56. 1,042,770 shares of the company's stock were exchanged, compared to its average volume of 1,322,680. The business's 50-day moving average is $45.31 and its two-hundred day moving average is $45.90. 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 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 $4.49 billion, a price-to-earnings ratio of 6.44 and a beta of 1.05.
Bank OZK (NASDAQ:OZK - Get Free Report) last issued its earnings results on Thursday, January 16th. The company reported $1.56 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $0.12. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The company had revenue of $412.34 million during the quarter, compared to the consensus estimate of $407.19 million. During the same period in the previous year, the firm posted $1.50 earnings per share. Bank OZK's quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities research analysts forecast that Bank OZK will post 6.02 EPS for the current year.
Bank OZK Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, April 14th will be paid a $0.43 dividend. This is a positive change from Bank OZK's previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date is Monday, April 14th. Bank OZK's dividend payout ratio is currently 28.01%.
Wall Street Analyst Weigh In
OZK has been the subject of a number of research reports. Wells Fargo & Company decreased their price target on shares of Bank OZK from $48.00 to $40.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. Morgan Stanley decreased their price objective on shares of 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. Stephens lifted their target price on Bank OZK from $53.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. Finally, UBS Group assumed coverage on Bank OZK in a report on Tuesday, December 17th. They issued a "neutral" rating and a $51.00 price target for the company. One investment 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 MarketBeat, Bank OZK currently has an average rating of "Hold" and a consensus price target of $49.38.
Read Our Latest Report on OZK
About Bank OZK
(
Free Report)
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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