Virtu Financial LLC Invests $985,000 in Bank OZK $OZK

Virtu Financial LLC purchased a new position in shares of Bank OZK (NASDAQ:OZK) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 21,395 shares of the company’s stock, valued at approximately $985,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BOKF NA purchased a new stake in Bank OZK in the 3rd quarter worth approximately $27,000. V Square Quantitative Management LLC purchased a new position in shares of Bank OZK during the 4th quarter valued at $25,000. Bayforest Capital Ltd grew its holdings in shares of Bank OZK by 100.5% during the 4th quarter. Bayforest Capital Ltd now owns 766 shares of the company’s stock valued at $35,000 after acquiring an additional 384 shares in the last quarter. Eurizon Capital SGR S.p.A. purchased a new position in shares of Bank OZK during the 4th quarter valued at $36,000. Finally, Transamerica Financial Advisors LLC increased its stake in shares of Bank OZK by 111.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 830 shares of the company’s stock worth $38,000 after acquiring an additional 437 shares during the last quarter. 86.18% of the stock is owned by hedge funds and other institutional investors.

Bank OZK Stock Performance

Shares of NASDAQ:OZK opened at $49.26 on Monday. The stock has a market capitalization of $5.51 billion, a PE ratio of 8.02 and a beta of 0.90. Bank OZK has a 1 year low of $42.37 and a 1 year high of $53.66. The firm has a fifty day moving average price of $48.55 and a 200 day moving average price of $47.65. 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 (NASDAQ:OZK) last posted its earnings results on Tuesday, April 21st. The company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.02). Bank OZK had a return on equity of 12.32% and a net margin of 25.27%.The business had revenue of $424.32 million for the quarter, compared to analyst estimates of $422.62 million. During the same period in the previous year, the company earned $1.47 earnings per share. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. Analysts expect that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 20th. Stockholders of record on Monday, April 13th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, April 13th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.8%. Bank OZK’s dividend payout ratio is currently 30.62%.

Wall Street Analysts Forecast Growth

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

Bank OZK Company 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.