KG&L Capital Management LLC Has $1.09 Million Stake in Bank OZK (NASDAQ:OZK)

KG&L Capital Management LLC increased its stake in Bank OZK (NASDAQ:OZK) by 3.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 24,523 shares of the company’s stock after purchasing an additional 818 shares during the quarter. KG&L Capital Management LLC’s holdings in Bank OZK were worth $1,090,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in OZK. Assetmark Inc. increased its stake in shares of Bank OZK by 73.8% in the third quarter. Assetmark Inc. now owns 968 shares of the company’s stock worth $42,000 after purchasing an additional 411 shares during the period. American National Bank & Trust acquired a new stake in Bank OZK in the 3rd quarter valued at approximately $44,000. Capital Performance Advisors LLP bought a new position in Bank OZK in the 3rd quarter worth approximately $61,000. Venturi Wealth Management LLC lifted its holdings in shares of Bank OZK by 424.8% during the third quarter. Venturi Wealth Management LLC now owns 1,590 shares of the company’s stock worth $68,000 after buying an additional 1,287 shares during the last quarter. Finally, Quarry LP boosted its position in shares of Bank OZK by 373.4% in the second quarter. Quarry LP now owns 1,690 shares of the company’s stock valued at $69,000 after acquiring an additional 1,333 shares during the period. Institutional investors own 86.18% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Piper Sandler boosted their target price on shares of Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Stephens boosted their price objective on shares of Bank OZK from $53.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. UBS Group began coverage on shares of Bank OZK in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 target price for the company. Wells Fargo & Company upgraded Bank OZK from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $40.00 to $48.00 in a research note on Tuesday, January 21st. Finally, Truist Financial reduced their price objective on Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Bank OZK has an average rating of “Hold” and a consensus target price of $50.00.

Bank OZK Price Performance

Shares of OZK stock opened at $50.79 on Friday. The stock’s fifty day simple moving average is $46.92 and its 200 day simple moving average is $44.83. Bank OZK has a one year low of $37.43 and a one year high of $51.61. The firm has a market cap of $5.76 billion, a price-to-earnings ratio of 8.27 and a beta of 1.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02.

Bank OZK (NASDAQ:OZK) last issued 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. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The company had revenue of $412.34 million for the quarter, compared to the consensus estimate of $407.19 million. During the same quarter in the previous year, the company earned $1.50 EPS. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, analysts expect that Bank OZK will post 5.97 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently declared 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 represents a $1.68 dividend on an annualized basis and a yield of 3.31%. This is a boost from Bank OZK’s previous quarterly dividend of $0.41. The ex-dividend date was Tuesday, January 14th. Bank OZK’s dividend payout ratio (DPR) is currently 27.36%.

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.