Landscape Capital Management L.L.C. Makes New Investment in Bank OZK (NASDAQ:OZK)

Landscape Capital Management L.L.C. acquired a new stake in shares of Bank OZK (NASDAQ:OZK) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 16,381 shares of the company’s stock, valued at approximately $729,000.

A number of other hedge funds also recently made changes to their positions in OZK. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Bank OZK by 2.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 298,222 shares of the company’s stock valued at $12,821,000 after acquiring an additional 5,812 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in shares of Bank OZK by 50.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 7,372 shares of the company’s stock valued at $317,000 after purchasing an additional 2,474 shares in the last quarter. HighTower Advisors LLC bought a new position in shares of Bank OZK during the 3rd quarter valued at $392,000. Stifel Financial Corp raised its position in Bank OZK by 13.3% in the 3rd quarter. Stifel Financial Corp now owns 25,801 shares of the company’s stock worth $1,109,000 after purchasing an additional 3,033 shares during the period. Finally, State Street Corp lifted its stake in Bank OZK by 7.3% in the third quarter. State Street Corp now owns 7,106,907 shares of the company’s stock worth $305,526,000 after purchasing an additional 485,172 shares during the last quarter. 86.18% of the stock is owned by institutional investors.

Bank OZK Price Performance

Shares of NASDAQ OZK opened at $38.12 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. Bank OZK has a 1 year low of $35.80 and a 1 year high of $53.64. The company’s 50-day moving average is $47.28 and its 200 day moving average is $46.14. The stock has a market capitalization of $4.32 billion, a P/E ratio of 6.21 and a beta of 1.05.

Bank OZK (NASDAQ:OZK) last posted its earnings results on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates 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 business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.50 EPS. On average, sell-side analysts expect that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, April 14th will be given a dividend of $0.43 per share. The ex-dividend date is Monday, April 14th. This represents a $1.72 annualized dividend and a yield of 4.51%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.42. Bank OZK’s dividend payout ratio (DPR) is currently 28.01%.

Analysts Set New Price Targets

OZK has been the topic of several recent research reports. UBS Group began coverage on Bank OZK in a research report on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price target on the stock. Stephens increased their price target on shares of Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. Morgan Stanley decreased their price objective on shares of Bank OZK from $58.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 13th. Finally, Wells Fargo & Company upgraded shares of Bank OZK from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $40.00 to $48.00 in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $50.38.

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.