Mach 1 Financial Group LLC Takes Position in Bank OZK $OZK

Mach 1 Financial Group LLC purchased a new stake in Bank OZK (NASDAQ:OZK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,645 shares of the company’s stock, valued at approximately $582,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in shares of Bank OZK during the fourth quarter worth $25,000. Root Financial Partners LLC acquired a new stake in shares of Bank OZK during the third quarter worth $27,000. BOKF NA acquired a new stake in shares of Bank OZK during the third quarter worth $27,000. Bayforest Capital Ltd increased its position in shares of Bank OZK by 100.5% during the fourth quarter. Bayforest Capital Ltd now owns 766 shares of the company’s stock worth $35,000 after buying an additional 384 shares during the period. Finally, Employees Retirement System of Texas acquired a new stake in shares of Bank OZK during the third quarter worth $51,000. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Trading Down 0.2%

NASDAQ:OZK opened at $48.17 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 7.85 and a beta of 0.91. The firm has a fifty day simple moving average of $46.72 and a two-hundred day simple moving average of $46.95. Bank OZK has a 12 month low of $42.37 and a 12 month high of $53.66.

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). The company had revenue of $424.32 million during the quarter, compared to analyst estimates of $422.62 million. Bank OZK had a return on equity of 12.32% and a net margin of 25.27%.The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.47 earnings per share. Analysts expect that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 20th. Shareholders of record on Monday, April 13th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Monday, April 13th. Bank OZK’s dividend payout ratio (DPR) is presently 30.62%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. TD Cowen decreased their price objective on shares of Bank OZK from $56.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, January 22nd. Morgan Stanley increased their price objective on shares of Bank OZK from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday, March 2nd. Stephens decreased their target price on Bank OZK from $64.00 to $62.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. Wall Street Zen raised Bank OZK from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, UBS Group began coverage on Bank OZK in a research note on Tuesday, April 7th. They set a “neutral” rating and a $48.00 target price for the company. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Bank OZK currently has an average rating of “Hold” and a consensus 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.