AXQ Capital LP Buys New Shares in Bank OZK (NASDAQ:OZK)

AXQ Capital LP purchased a new stake in shares of Bank OZK (NASDAQ:OZK) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,591 shares of the company’s stock, valued at approximately $204,000.

A number of other hedge funds have also recently bought and sold shares of OZK. Wellington Management Group LLP raised its holdings in shares of Bank OZK by 32.7% in the 3rd quarter. Wellington Management Group LLP now owns 4,223,452 shares of the company’s stock valued at $181,566,000 after purchasing an additional 1,041,198 shares during the period. Captrust Financial Advisors increased its position in Bank OZK by 124.6% during the third quarter. Captrust Financial Advisors now owns 1,698,856 shares of the company’s stock worth $73,034,000 after buying an additional 942,309 shares during the last quarter. State Street Corp raised its stake in Bank OZK by 7.3% in the third quarter. State Street Corp now owns 7,106,907 shares of the company’s stock valued at $305,526,000 after buying an additional 485,172 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Bank OZK in the fourth quarter valued at approximately $14,077,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of Bank OZK by 395.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 311,866 shares of the company’s stock worth $13,407,000 after acquiring an additional 248,889 shares during the period. 86.18% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

OZK has been the subject of several research reports. UBS Group started coverage on Bank OZK in a report on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price target for the company. Wells Fargo & Company upgraded shares of Bank OZK from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $40.00 to $48.00 in a research note on Tuesday, January 21st. Morgan Stanley decreased their price target on shares of Bank OZK from $58.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. Finally, Stephens raised their price objective on shares of Bank OZK from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Bank OZK currently has a consensus rating of “Hold” and an average price target of $50.38.

Bank OZK Stock Up 2.2 %

Shares of OZK opened at $45.28 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $5.14 billion, a PE ratio of 7.37 and a beta of 1.23. The firm’s 50 day moving average is $48.28 and its 200-day moving average is $46.00. Bank OZK has a 12 month low of $37.43 and a 12 month high of $53.64.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Thursday, January 16th. The company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.50 earnings per share. Equities research analysts forecast that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th were given a dividend of $0.42 per share. This is a boost from Bank OZK’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $1.68 annualized dividend and a yield of 3.71%. Bank OZK’s dividend payout ratio is currently 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.