MMA Asset Management LLC Buys New Stake in Bank OZK (NASDAQ:OZK)

MMA Asset Management LLC purchased 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 SEC. The institutional investor purchased 7,677 shares of the company's stock, valued at approximately $342,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Bank OZK during the 4th quarter worth approximately $27,000. Kestra Investment Management LLC bought a new stake in Bank OZK in the fourth quarter worth $27,000. Smartleaf Asset Management LLC raised its position 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 valued at $34,000 after buying an additional 486 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Bank OZK by 73.8% in the 3rd quarter. Assetmark Inc. now owns 968 shares of the company's stock worth $42,000 after purchasing an additional 411 shares during the period. Finally, V Square Quantitative Management LLC increased its position in Bank OZK by 81.3% during the fourth 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 last quarter. 86.18% of the stock is owned by hedge funds and other institutional investors.

Bank OZK Trading Down 0.7 %

NASDAQ OZK traded down $0.30 during trading on Wednesday, hitting $45.39. The stock had a trading volume of 1,064,829 shares, compared to its average volume of 1,319,694. Bank OZK has a twelve month low of $37.43 and a twelve month high of $53.64. The firm has a 50 day moving average price of $48.13 and a 200 day moving average price of $45.81. The company has a market capitalization of $5.15 billion, a PE ratio of 7.39 and a beta of 1.23. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16.

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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, topping analysts' consensus estimates of $1.44 by $0.12. The firm had revenue of $412.34 million during the quarter, compared to the consensus estimate of $407.19 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The company's revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.50 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 14th were issued a $0.42 dividend. This is an increase from Bank OZK's previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a dividend yield of 3.70%. The ex-dividend date was Tuesday, January 14th. Bank OZK's dividend payout ratio is presently 27.36%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on OZK. Stephens lifted their price objective 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. Wells Fargo & Company upgraded Bank OZK from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $40.00 to $48.00 in a research note on Tuesday, January 21st. Finally, UBS Group initiated coverage on Bank OZK in a report on Tuesday, December 17th. They set a "neutral" rating and a $51.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target 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.