AlphaQuest LLC Reduces Stock Position in Bank OZK (NASDAQ:OZK)

AlphaQuest LLC lessened its stake in shares of Bank OZK (NASDAQ:OZK) by 44.8% in the fourth quarter, HoldingsChannel reports. The firm owned 32,465 shares of the company’s stock after selling 26,350 shares during the quarter. AlphaQuest LLC’s holdings in Bank OZK were worth $1,446,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OZK. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Bank OZK in the 4th quarter worth about $27,000. Kestra Investment Management LLC acquired a new stake in Bank OZK in the 4th quarter worth about $27,000. Smartleaf Asset Management LLC boosted its stake in Bank OZK by 176.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 761 shares of the company’s stock worth $34,000 after buying an additional 486 shares during the last quarter. Assetmark Inc. boosted its stake in Bank OZK by 73.8% in the 3rd quarter. Assetmark Inc. now owns 968 shares of the company’s stock worth $42,000 after buying an additional 411 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its stake in Bank OZK by 81.3% in the 4th quarter. V Square Quantitative Management LLC now owns 948 shares of the company’s stock worth $42,000 after buying an additional 425 shares during the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on OZK. Stephens raised their price target on Bank OZK from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. UBS Group started coverage on Bank OZK in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price target on the stock. Finally, Wells Fargo & Company raised Bank OZK from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $40.00 to $48.00 in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $50.00.

Bank OZK Stock Performance

NASDAQ OZK opened at $45.56 on Monday. The firm has a market capitalization of $5.17 billion, a P/E ratio of 7.42 and a beta of 1.23. Bank OZK has a 1-year low of $37.43 and a 1-year high of $53.64. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. The business’s 50-day simple moving average is $48.16 and its 200-day simple moving average is $45.89.

Bank OZK (NASDAQ:OZK) last announced its earnings results on Thursday, January 16th. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.44 by $0.12. The business had revenue of $412.34 million for the quarter, compared to the consensus estimate of $407.19 million. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The company’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the business posted $1.50 EPS. Equities analysts predict that Bank OZK will post 6.02 EPS 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. 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 3.69%. The ex-dividend date was Tuesday, January 14th. Bank OZK’s dividend payout ratio (DPR) is presently 27.36%.

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.