Tower Research Capital LLC TRC Increases Stock Holdings in Bank OZK (NASDAQ:OZK)

Tower Research Capital LLC TRC raised its stake in Bank OZK (NASDAQ:OZK) by 156.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,203 shares of the company’s stock after purchasing an additional 8,064 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Bank OZK were worth $588,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Barclays PLC boosted its stake in shares of Bank OZK by 30.7% in the third quarter. Barclays PLC now owns 254,874 shares of the company’s stock valued at $10,958,000 after buying an additional 59,907 shares in the last quarter. Rule One Partners LLC purchased a new stake in shares of Bank OZK in the third quarter valued at approximately $1,720,000. GAMMA Investing LLC boosted its stake in shares of Bank OZK by 14.6% in the fourth quarter. GAMMA Investing LLC now owns 4,758 shares of the company’s stock valued at $212,000 after buying an additional 606 shares in the last quarter. CWA Asset Management Group LLC boosted its stake in shares of Bank OZK by 23.8% in the fourth quarter. CWA Asset Management Group LLC now owns 20,709 shares of the company’s stock valued at $922,000 after buying an additional 3,986 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Bank OZK by 1.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 56,592 shares of the company’s stock valued at $2,433,000 after buying an additional 681 shares in the last quarter. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OZK has been the topic of a number of analyst reports. Wells Fargo & Company decreased their price target on Bank OZK from $48.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 9th. Morgan Stanley decreased their target price on Bank OZK from $58.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 13th. Keefe, Bruyette & Woods decreased their target price on Bank OZK from $50.00 to $48.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 22nd. Finally, Stephens decreased their target price on Bank OZK from $59.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Bank OZK presently has a consensus rating of “Hold” and an average target price of $49.13.

Bank OZK Stock Performance

NASDAQ OZK opened at $43.05 on Tuesday. Bank OZK has a fifty-two week low of $35.71 and a fifty-two week high of $53.64. The stock has a market cap of $4.88 billion, a price-to-earnings ratio of 7.01 and a beta of 1.05. The business has a fifty day moving average of $43.18 and a 200-day moving average of $45.85. 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) last released its quarterly earnings results on Wednesday, April 16th. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.05. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The company had revenue of $409.23 million during the quarter, compared to analysts’ expectations of $403.05 million. During the same period in the previous year, the firm posted $1.51 earnings per share. As a group, analysts predict that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 14th were paid a $0.43 dividend. This is a positive change from Bank OZK’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend was Monday, April 14th. Bank OZK’s dividend payout ratio is presently 28.20%.

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.