Stevens Capital Management LP Purchases 15,526 Shares of Bank OZK (NASDAQ:OZK)

Stevens Capital Management LP lifted its stake in Bank OZK (NASDAQ:OZK - Free Report) by 142.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,388 shares of the company's stock after acquiring an additional 15,526 shares during the period. Stevens Capital Management LP's holdings in Bank OZK were worth $1,175,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in OZK. LPL Financial LLC boosted its position in shares of Bank OZK by 4.8% in the fourth quarter. LPL Financial LLC now owns 362,195 shares of the company's stock valued at $16,129,000 after acquiring an additional 16,732 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Bank OZK in the 4th quarter worth approximately $1,265,000. AXQ Capital LP bought a new position in Bank OZK in the 4th quarter valued at $204,000. Sei Investments Co. grew its position in shares of Bank OZK by 24.1% during the 4th quarter. Sei Investments Co. now owns 533,166 shares of the company's stock valued at $23,742,000 after purchasing an additional 103,556 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Bank OZK by 12.3% in the fourth quarter. American Century Companies Inc. now owns 2,176,997 shares of the company's stock worth $96,942,000 after purchasing an additional 238,810 shares during the period. 86.18% of the stock is owned by institutional investors.

Bank OZK Price Performance

NASDAQ OZK traded down $0.41 on Thursday, reaching $44.97. 599,034 shares of the company's stock traded hands, compared to its average volume of 1,233,044. The stock has a market cap of $5.10 billion, a PE ratio of 7.32 and a beta of 1.23. 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 has a 12 month low of $37.43 and a 12 month high of $53.64. The stock has a 50-day simple moving average of $48.31 and a 200 day simple moving average of $46.03.

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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. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The company had revenue of $412.34 million for the quarter, compared to analysts' expectations of $407.19 million. During the same quarter last year, the company earned $1.50 EPS. The firm's revenue was up 1.2% compared to the same quarter last year. As a group, research analysts predict that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, January 14th. This is a boost from Bank OZK's previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a yield of 3.74%. Bank OZK's dividend payout ratio is currently 27.36%.

Analysts Set New Price Targets

OZK has been the subject of several research analyst reports. Morgan Stanley dropped their price objective 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. Wells Fargo & Company upgraded Bank OZK from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $40.00 to $48.00 in a research report on Tuesday, January 21st. UBS Group initiated coverage on shares of Bank OZK in a research report on Tuesday, December 17th. They issued a "neutral" rating and a $51.00 price objective on the stock. Finally, Stephens raised their target price on shares of Bank OZK from $53.00 to $57.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $50.38.

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.