KG&L Capital Management LLC Has $1.09 Million Holdings in Bank OZK (NASDAQ:OZK)

KG&L Capital Management LLC lifted its holdings in shares of Bank OZK (NASDAQ:OZK) by 3.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 24,523 shares of the company’s stock after acquiring an additional 818 shares during the period. KG&L Capital Management LLC’s holdings in Bank OZK were worth $1,090,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of OZK. Assetmark Inc. boosted its stake in Bank OZK by 73.8% in the third quarter. Assetmark Inc. now owns 968 shares of the company’s stock valued at $42,000 after acquiring an additional 411 shares during the last quarter. American National Bank & Trust acquired a new position in shares of Bank OZK in the 3rd quarter valued at $44,000. Capital Performance Advisors LLP bought a new position in shares of Bank OZK in the 3rd quarter worth $61,000. Venturi Wealth Management LLC boosted its position in shares of Bank OZK by 424.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,590 shares of the company’s stock worth $68,000 after purchasing an additional 1,287 shares during the last quarter. Finally, Quarry LP grew its stake in shares of Bank OZK by 373.4% during the second quarter. Quarry LP now owns 1,690 shares of the company’s stock worth $69,000 after purchasing an additional 1,333 shares during the period. 86.18% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on OZK. Wells Fargo & Company raised Bank OZK from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $40.00 to $48.00 in a research note on Tuesday, January 21st. Stephens lifted their price objective 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. UBS Group started coverage on shares of Bank OZK in a report on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price objective for the company. Truist Financial cut their target price on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a report on Monday, October 21st. Finally, Piper Sandler boosted their price target on shares of Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $50.00.

Bank OZK Trading Down 0.2 %

Shares of NASDAQ:OZK opened at $50.79 on Friday. The firm has a market cap of $5.76 billion, a price-to-earnings ratio of 8.27 and a beta of 1.20. Bank OZK has a 12 month low of $37.43 and a 12 month high of $51.61. The company’s fifty day simple moving average is $46.92 and its 200 day simple moving average is $44.83. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings results on Thursday, January 16th. The company reported $1.56 earnings per share (EPS) 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 the consensus estimate of $407.19 million. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $1.50 EPS. As a group, research analysts forecast that Bank OZK will post 5.97 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 14th were paid a $0.42 dividend. 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 yield of 3.31%. Bank OZK’s payout ratio is presently 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.