Aigen Investment Management LP Invests $336,000 in Bank OZK (NASDAQ:OZK)

Aigen Investment Management LP acquired a new position in shares of Bank OZK (NASDAQ:OZK) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,540 shares of the company’s stock, valued at approximately $336,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC increased its holdings in Bank OZK by 30.7% in the 3rd quarter. Barclays PLC now owns 254,874 shares of the company’s stock worth $10,958,000 after acquiring an additional 59,907 shares in the last quarter. Geode Capital Management LLC increased its holdings in Bank OZK by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,022,979 shares of the company’s stock worth $86,989,000 after acquiring an additional 126,352 shares in the last quarter. Verition Fund Management LLC increased its holdings in Bank OZK by 68.6% in the 3rd quarter. Verition Fund Management LLC now owns 34,869 shares of the company’s stock worth $1,499,000 after acquiring an additional 14,189 shares in the last quarter. Cerity Partners LLC increased its holdings in Bank OZK by 112.8% in the 3rd quarter. Cerity Partners LLC now owns 51,717 shares of the company’s stock worth $2,223,000 after acquiring an additional 27,409 shares in the last quarter. Finally, Alpha DNA Investment Management LLC purchased a new stake in Bank OZK in the 3rd quarter worth $529,000. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Trading Up 1.6 %

Shares of OZK stock opened at $45.56 on Friday. The company’s 50-day moving average price is $48.16 and its 200-day moving average price is $45.86. 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 cap of $5.17 billion, a price-to-earnings ratio of 7.42 and a beta of 1.23. Bank OZK has a twelve month low of $37.43 and a twelve month high of $53.64.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings results on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.12. The firm had revenue of $412.34 million for the quarter, compared to analysts’ expectations of $407.19 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.50 EPS. As a group, equities analysts predict that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders 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 dividend yield of 3.69%. Bank OZK’s payout ratio is presently 27.36%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on OZK shares. UBS Group started coverage on shares of Bank OZK in a report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price target for the company. Wells Fargo & Company raised shares of Bank OZK from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $40.00 to $48.00 in a research note on Tuesday, January 21st. Finally, Stephens lifted their target price on shares of Bank OZK from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $50.00.

About Bank OZK

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.