Bank OZK (NASDAQ:OZK) Shares Sold by Entropy Technologies LP

Entropy Technologies LP lowered its holdings in Bank OZK (NASDAQ:OZK) by 16.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,245 shares of the company’s stock after selling 2,790 shares during the period. Entropy Technologies LP’s holdings in Bank OZK were worth $612,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its holdings in Bank OZK by 291.5% during the 2nd quarter. AQR Capital Management LLC now owns 2,371,892 shares of the company’s stock worth $95,848,000 after acquiring an additional 1,765,974 shares in the last quarter. Van Berkom & Associates Inc. grew its holdings in Bank OZK by 2.0% during the 2nd quarter. Van Berkom & Associates Inc. now owns 2,024,130 shares of the company’s stock worth $82,989,000 after acquiring an additional 40,356 shares in the last quarter. American Century Companies Inc. grew its holdings in Bank OZK by 21.9% during the 2nd quarter. American Century Companies Inc. now owns 1,642,293 shares of the company’s stock worth $67,334,000 after acquiring an additional 295,298 shares in the last quarter. Millennium Management LLC grew its holdings in Bank OZK by 196.4% during the 2nd quarter. Millennium Management LLC now owns 1,365,393 shares of the company’s stock worth $55,981,000 after acquiring an additional 904,782 shares in the last quarter. Finally, Newport Trust Company LLC grew its holdings in Bank OZK by 2.0% during the 2nd quarter. Newport Trust Company LLC now owns 1,147,350 shares of the company’s stock worth $47,041,000 after acquiring an additional 22,819 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on OZK. Truist Financial reduced their price objective on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a research report on Monday, October 21st. StockNews.com upgraded shares of Bank OZK from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Stephens boosted their price objective on shares of Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Morgan Stanley boosted their price objective on shares of Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Finally, Raymond James downgraded shares of Bank OZK from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Bank OZK currently has an average rating of “Hold” and a consensus price target of $48.50.

Bank OZK Stock Down 0.2 %

Shares of Bank OZK stock opened at $47.77 on Friday. The company has a market cap of $5.42 billion, a P/E ratio of 7.86 and a beta of 1.16. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.02. Bank OZK has a one year low of $37.43 and a one year high of $52.36. The firm has a fifty day moving average of $43.34 and a two-hundred day moving average of $43.15.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings data on Thursday, October 17th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.02. The company had revenue of $423.00 million during the quarter, compared to the consensus estimate of $419.08 million. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%. On average, analysts forecast that Bank OZK will post 6.03 earnings per share for the current year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 11th were given a dividend of $0.41 per share. The ex-dividend date was Friday, October 11th. This represents a $1.64 dividend on an annualized basis and a yield of 3.43%. This is an increase from Bank OZK’s previous quarterly dividend of $0.40. Bank OZK’s dividend payout ratio is presently 26.97%.

Bank OZK Company 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.