Bank OZK $OZK Stock Position Decreased by Kennedy Capital Management LLC

Kennedy Capital Management LLC trimmed its position in shares of Bank OZK (NASDAQ:OZK) by 8.4% in the 3rd quarter, Holdings Channel reports. The firm owned 697,939 shares of the company’s stock after selling 63,758 shares during the period. Bank OZK accounts for approximately 0.8% of Kennedy Capital Management LLC’s portfolio, making the stock its 7th largest position. Kennedy Capital Management LLC’s holdings in Bank OZK were worth $35,581,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in OZK. Level Four Advisory Services LLC boosted its position in Bank OZK by 1.4% during the third quarter. Level Four Advisory Services LLC now owns 16,816 shares of the company’s stock worth $857,000 after acquiring an additional 231 shares during the last quarter. AdvisorNet Financial Inc boosted its stake in Bank OZK by 82.2% during the third quarter. AdvisorNet Financial Inc now owns 665 shares of the company’s stock worth $34,000 after buying an additional 300 shares during the last quarter. Savant Capital LLC boosted its stake in Bank OZK by 0.6% during the third quarter. Savant Capital LLC now owns 51,800 shares of the company’s stock worth $2,641,000 after buying an additional 323 shares during the last quarter. Burford Brothers Inc. grew its holdings in Bank OZK by 2.5% in the 3rd quarter. Burford Brothers Inc. now owns 13,086 shares of the company’s stock valued at $667,000 after buying an additional 325 shares in the last quarter. Finally, True Wealth Design LLC increased its stake in shares of Bank OZK by 147.0% in the 3rd quarter. True Wealth Design LLC now owns 568 shares of the company’s stock worth $29,000 after acquiring an additional 338 shares during the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on OZK shares. Piper Sandler set a $62.00 price target on shares of Bank OZK in a research report on Thursday, January 22nd. UBS Group reiterated a “neutral” rating and issued a $51.00 target price on shares of Bank OZK in a report on Tuesday, January 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Bank OZK in a report on Tuesday, January 27th. Citigroup reaffirmed a “sell” rating on shares of Bank OZK in a research report on Monday, January 5th. Finally, Stephens decreased their price objective on Bank OZK from $64.00 to $62.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $57.22.

Bank OZK Trading Up 0.0%

NASDAQ OZK traded up $0.02 on Friday, reaching $43.86. The stock had a trading volume of 74,341 shares, compared to its average volume of 1,370,359. The company has a quick ratio of 1.03, a current ratio of 1.02 and a debt-to-equity ratio of 0.08. The stock has a fifty day moving average price of $47.88 and a two-hundred day moving average price of $48.16. Bank OZK has a 12-month low of $35.71 and a 12-month high of $53.66. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 7.10 and a beta of 0.93.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Tuesday, January 20th. The company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.03). The firm had revenue of $436.29 million during the quarter, compared to analyst estimates of $434.68 million. Bank OZK had a net margin of 25.50% and a return on equity of 12.65%. During the same period in the previous year, the firm posted $1.56 earnings per share. As a group, sell-side analysts forecast that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 13th were given a $0.46 dividend. The ex-dividend date of this dividend was Tuesday, January 13th. This represents a $1.84 annualized dividend and a yield of 4.2%. This is an increase from Bank OZK’s previous quarterly dividend of $0.45. Bank OZK’s dividend payout ratio is presently 29.82%.

Bank OZK Profile

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank’s core operations focus on commercial real estate lending, including acquisition, development and construction financing.