Kennedy Capital Management LLC Has $34.08 Million Stock Holdings in Bank OZK $OZK

Kennedy Capital Management LLC increased its stake in Bank OZK (NASDAQ:OZK) by 6.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 740,531 shares of the company’s stock after acquiring an additional 42,592 shares during the period. Bank OZK comprises 0.7% of Kennedy Capital Management LLC’s holdings, making the stock its 9th largest position. Kennedy Capital Management LLC’s holdings in Bank OZK were worth $34,079,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. BOKF NA bought a new position in Bank OZK in the third quarter worth about $27,000. V Square Quantitative Management LLC bought a new position in Bank OZK in the fourth quarter worth about $25,000. Bayforest Capital Ltd raised its stake in Bank OZK by 100.5% in the fourth quarter. Bayforest Capital Ltd now owns 766 shares of the company’s stock worth $35,000 after buying an additional 384 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new position in Bank OZK in the fourth quarter worth about $36,000. Finally, Transamerica Financial Advisors LLC raised its stake in 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 buying an additional 437 shares in the last quarter. 86.18% of the stock is owned by institutional investors.

Bank OZK Trading Up 0.9%

NASDAQ:OZK opened at $52.10 on Friday. The company’s 50 day moving average price is $48.24 and its 200-day moving average price is $47.50. Bank OZK has a 52 week low of $42.37 and a 52 week high of $53.66. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.14. The stock has a market cap of $5.83 billion, a price-to-earnings ratio of 8.49 and a beta of 0.90.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.02). Bank OZK had a net margin of 25.27% and a return on equity of 12.32%. The firm had revenue of $424.32 million for the quarter, compared to analysts’ expectations of $422.62 million. During the same quarter in the previous year, the company earned $1.47 EPS. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts forecast that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Dividend Announcement

The company also recently declared 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 was Monday, April 13th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.6%. Bank OZK’s dividend payout ratio is presently 30.62%.

Wall Street Analyst Weigh In

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

About Bank OZK

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.