MMA Asset Management LLC Purchases New Holdings in Bank OZK (NASDAQ:OZK)

MMA Asset Management LLC bought a new position in shares of Bank OZK (NASDAQ:OZK) in the fourth quarter, Holdings Channel reports. The firm bought 7,677 shares of the company’s stock, valued at approximately $342,000.

Other institutional investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Bank OZK during the 4th quarter worth $27,000. Kestra Investment Management LLC acquired a new stake in Bank OZK during the 4th quarter worth $27,000. Smartleaf Asset Management LLC grew its holdings in Bank OZK by 176.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 761 shares of the company’s stock worth $34,000 after acquiring an additional 486 shares during the period. Assetmark Inc. grew its holdings in Bank OZK by 73.8% during the 3rd quarter. Assetmark Inc. now owns 968 shares of the company’s stock worth $42,000 after acquiring an additional 411 shares during the period. Finally, V Square Quantitative Management LLC boosted its position in shares of Bank OZK by 81.3% during the fourth quarter. V Square Quantitative Management LLC now owns 948 shares of the company’s stock worth $42,000 after purchasing an additional 425 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Analyst Upgrades and Downgrades

OZK has been the topic of a number of recent analyst reports. UBS Group initiated coverage on shares of Bank OZK in a research report on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price target on the stock. Wells Fargo & Company raised shares of Bank OZK from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $40.00 to $48.00 in a research report on Tuesday, January 21st. Finally, Stephens lifted their price target on shares of Bank OZK from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Bank OZK presently has an average rating of “Hold” and a consensus price target of $50.00.

Bank OZK Trading Up 0.9 %

OZK opened at $48.01 on Friday. The stock has a market capitalization of $5.45 billion, a P/E ratio of 7.82 and a beta of 1.20. Bank OZK has a 12 month low of $37.43 and a 12 month high of $53.64. The firm’s fifty day simple moving average is $48.05 and its 200 day simple moving average is $45.67. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings data on Thursday, January 16th. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.44 by $0.12. The business 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 firm’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.50 EPS. As a group, research analysts anticipate that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th were given a $0.42 dividend. This is a boost from Bank OZK’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend was Tuesday, January 14th. Bank OZK’s payout ratio is currently 27.36%.

Bank OZK Profile

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.