Stevens Capital Management LP Buys New Holdings in Bank OZK (NASDAQ:OZK)

Stevens Capital Management LP purchased a new stake in shares of Bank OZK (NASDAQ:OZK) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 4,984 shares of the company’s stock, valued at approximately $248,000.

A number of other hedge funds have also added to or reduced their stakes in OZK. MCF Advisors LLC purchased a new position in shares of Bank OZK in the 4th quarter worth approximately $73,000. Fifth Third Bancorp boosted its stake in shares of Bank OZK by 25.5% in the 3rd quarter. Fifth Third Bancorp now owns 1,487 shares of the company’s stock worth $55,000 after buying an additional 302 shares during the last quarter. GAMMA Investing LLC purchased a new position in Bank OZK in the fourth quarter valued at approximately $220,000. Vest Financial LLC purchased a new position in Bank OZK in the fourth quarter valued at approximately $235,000. Finally, Foster & Motley Inc. purchased a new position in Bank OZK in the fourth quarter valued at approximately $238,000. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Price Performance

OZK traded up $0.02 during trading on Friday, reaching $46.02. The stock had a trading volume of 850,338 shares, compared to its average volume of 1,201,989. The stock has a market cap of $5.21 billion, a PE ratio of 7.71 and a beta of 1.27. 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 one year low of $30.72 and a one year high of $52.36. The business has a 50-day moving average of $43.68 and a 200-day moving average of $43.49.

Bank OZK (NASDAQ:OZK) last released its earnings results on Thursday, April 18th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.07. The business had revenue of $406.02 million for the quarter, compared to analysts’ expectations 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 prior year, the firm earned $1.41 earnings per share. As a group, equities research analysts anticipate that Bank OZK will post 6.04 EPS for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 12th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.39%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, April 11th. Bank OZK’s dividend payout ratio is presently 26.13%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Truist Financial lowered their target price on shares of Bank OZK from $48.00 to $47.00 and set a “hold” rating on the stock in a report on Monday. Wells Fargo & Company lowered their target price on shares of Bank OZK from $41.00 to $39.00 and set an “underweight” rating on the stock in a report on Thursday, February 1st. UBS Group cut shares of Bank OZK from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Citigroup decreased their price target on shares of Bank OZK from $62.00 to $57.00 and set a “buy” rating on the stock in a report on Wednesday, March 13th. Finally, Raymond James raised shares of Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 price target on the stock in a report on Friday, January 5th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $49.14.

Bank OZK Company 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.