GAMMA Investing LLC Invests $220,000 in Bank OZK (NASDAQ:OZK)

GAMMA Investing LLC purchased a new stake in Bank OZK (NASDAQ:OZK) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,424 shares of the company’s stock, valued at approximately $220,000.

A number of other hedge funds have also modified their holdings of the business. Qube Research & Technologies Ltd acquired a new stake in Bank OZK in the third quarter valued at $10,788,000. Comerica Bank purchased a new stake in shares of Bank OZK during the 3rd quarter worth about $4,252,000. Pathstone Family Office LLC acquired a new position in Bank OZK during the 3rd quarter worth approximately $667,000. Redmont Wealth Advisors LLC lifted its position in Bank OZK by 36.9% during the 4th quarter. Redmont Wealth Advisors LLC now owns 16,542 shares of the company’s stock worth $824,000 after acquiring an additional 4,462 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in Bank OZK by 58.1% during the 3rd quarter. Treasurer of the State of North Carolina now owns 78,595 shares of the company’s stock worth $2,914,000 after acquiring an additional 28,893 shares in the last quarter. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods upped their price target on Bank OZK from $45.00 to $47.00 and gave the company a “market perform” rating in a research report on Monday. Raymond James raised Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 price objective for the company in a research note on Friday, January 5th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $48.00 target price on shares of Bank OZK in a research report on Monday. Truist Financial dropped their target price on Bank OZK from $48.00 to $47.00 and set a “hold” rating on the stock in a research report on Monday. Finally, Citigroup lowered their price objective on Bank OZK from $62.00 to $57.00 and set a “buy” rating on the stock in a report on Wednesday, March 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Bank OZK presently has an average rating of “Hold” and a consensus target price of $49.14.

Bank OZK Trading Down 0.8 %

Shares of OZK opened at $46.00 on Friday. The stock has a fifty day moving average price of $43.68 and a two-hundred day moving average price of $43.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.03 and a current ratio of 1.01. Bank OZK has a 52-week low of $30.72 and a 52-week high of $52.36. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 7.71 and a beta of 1.27.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Thursday, April 18th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.07. The firm had revenue of $406.02 million during the quarter, compared to the consensus estimate of $396.81 million. Bank OZK had a return on equity of 14.84% and a net margin of 28.54%. During the same quarter in the previous year, the company posted $1.41 EPS. Analysts predict that Bank OZK will post 6.04 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 12th were paid a $0.39 dividend. This is a boost from Bank OZK’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend was Thursday, April 11th. Bank OZK’s dividend payout ratio (DPR) is 26.13%.

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.