Bank OZK $OZK is Kennedy Capital Management LLC’s 9th Largest Position

Kennedy Capital Management LLC raised its holdings in shares of Bank OZK (NASDAQ:OZK) by 6.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 740,531 shares of the company’s stock after buying an additional 42,592 shares during the period. Bank OZK comprises approximately 0.7% of Kennedy Capital Management LLC’s portfolio, making the stock its 9th largest position. Kennedy Capital Management LLC owned about 0.66% of Bank OZK worth $34,079,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Wasatch Advisors LP boosted its position in Bank OZK by 34.9% during the third quarter. Wasatch Advisors LP now owns 7,437,646 shares of the company’s stock valued at $379,171,000 after buying an additional 1,924,387 shares during the period. Dimensional Fund Advisors LP boosted its position in Bank OZK by 1.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,587,068 shares of the company’s stock valued at $303,141,000 after buying an additional 124,691 shares during the period. State Street Corp boosted its position in Bank OZK by 9.1% during the fourth quarter. State Street Corp now owns 6,556,105 shares of the company’s stock valued at $301,712,000 after buying an additional 546,785 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Bank OZK by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,554,014 shares of the company’s stock valued at $209,576,000 after buying an additional 73,920 shares during the period. Finally, First Trust Advisors LP boosted its position in Bank OZK by 3.3% during the fourth quarter. First Trust Advisors LP now owns 2,901,611 shares of the company’s stock valued at $133,532,000 after buying an additional 93,445 shares during the period. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on OZK shares. UBS Group started coverage on shares of Bank OZK in a research report on Tuesday, April 7th. They set a “neutral” rating and a $48.00 price target for the company. Wall Street Zen upgraded shares of Bank OZK from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Morgan Stanley upped their price target on shares of Bank OZK from $57.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. Wells Fargo & Company upped their price target on shares of Bank OZK from $48.00 to $50.00 and gave the company an “equal weight” rating in a research report on Monday, March 30th. Finally, Weiss Ratings lowered shares of Bank OZK from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Bank OZK currently has a consensus rating of “Hold” and an average target price of $56.89.

Bank OZK Stock Performance

Shares of NASDAQ:OZK opened at $52.10 on Friday. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 8.49 and a beta of 0.90. The company has a 50-day moving average price of $48.24 and a 200-day moving average price of $47.50. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.14. Bank OZK has a 12 month low of $42.37 and a 12 month high of $53.66.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.02). The firm had revenue of $424.32 million for the quarter, compared to the consensus estimate of $422.62 million. Bank OZK had a net margin of 25.27% and a return on equity of 12.32%. The business’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the company posted $1.47 earnings per share. As a group, equities analysts anticipate that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 20th. Stockholders of record on Monday, April 13th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, April 13th. Bank OZK’s dividend payout ratio is 30.62%.

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.