Twin Lions Management LLC purchased a new position in shares of Bank OZK (NASDAQ:OZK - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 258,612 shares of the company's stock, valued at approximately $11,516,000. Bank OZK accounts for approximately 11.2% of Twin Lions Management LLC's investment portfolio, making the stock its 5th biggest holding. Twin Lions Management LLC owned approximately 0.23% of Bank OZK as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC grew its stake in Bank OZK by 156.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 13,203 shares of the company's stock valued at $588,000 after purchasing an additional 8,064 shares in the last quarter. MML Investors Services LLC lifted its holdings in shares of Bank OZK by 18.6% during the 4th quarter. MML Investors Services LLC now owns 25,449 shares of the company's stock valued at $1,133,000 after buying an additional 3,997 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Bank OZK by 9.1% during the 4th quarter. MetLife Investment Management LLC now owns 59,488 shares of the company's stock valued at $2,649,000 after buying an additional 4,937 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Bank OZK by 30.4% in the 4th quarter. First Trust Advisors LP now owns 2,945,480 shares of the company's stock valued at $131,162,000 after buying an additional 686,775 shares in the last quarter. Finally, Freedom Investment Management Inc. increased its holdings in Bank OZK by 12.7% in the fourth quarter. Freedom Investment Management Inc. now owns 6,708 shares of the company's stock worth $299,000 after buying an additional 756 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.
Bank OZK Stock Performance
OZK stock traded up $0.09 during mid-day trading on Friday, reaching $42.72. 811,977 shares of the stock traded hands, compared to its average volume of 1,332,246. The firm has a market capitalization of $4.85 billion, a PE ratio of 6.96 and a beta of 1.05. The business has a 50-day moving average of $43.50 and a two-hundred day moving average of $45.79. Bank OZK has a 52 week low of $35.71 and a 52 week high of $53.64. 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 earnings results on Wednesday, April 16th. The company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.05. The firm had revenue of $409.23 million during the quarter, compared to the consensus estimate of $403.05 million. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. During the same quarter in the prior year, the company earned $1.51 EPS. As a group, equities analysts predict that Bank OZK will post 6.02 EPS for the current fiscal year.
Bank OZK Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 14th were paid a $0.43 dividend. This is an increase from Bank OZK's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, April 14th. This represents a $1.72 annualized dividend and a dividend yield of 4.03%. Bank OZK's dividend payout ratio (DPR) is presently 28.20%.
Wall Street Analyst Weigh In
OZK has been the subject of several recent research reports. 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 research report on Tuesday. Wells Fargo & Company reduced their price objective on shares of Bank OZK from $48.00 to $40.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Stephens lowered their target price on shares of Bank OZK from $59.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Monday. Finally, Morgan Stanley cut their target price on Bank OZK from $58.00 to $54.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. 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's stock. Based on data from MarketBeat.com, Bank OZK presently has an average rating of "Hold" and a consensus price target of $49.13.
View Our Latest Stock Analysis on Bank 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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