Bank OZK (NASDAQ:OZK) Stake Raised by Quantbot Technologies LP

Quantbot Technologies LP grew its holdings in shares of Bank OZK (NASDAQ:OZK) by 43.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 270,132 shares of the company’s stock after purchasing an additional 81,265 shares during the period. Bank OZK makes up 0.5% of Quantbot Technologies LP’s portfolio, making the stock its 21st biggest holding. Quantbot Technologies LP’s holdings in Bank OZK were worth $11,613,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. PSI Advisors LLC raised its position in shares of Bank OZK by 20,933.3% during the second quarter. PSI Advisors LLC now owns 631 shares of the company’s stock worth $26,000 after purchasing an additional 628 shares during the period. LRI Investments LLC purchased a new position in Bank OZK in the 1st quarter worth about $29,000. Versant Capital Management Inc raised its holdings in Bank OZK by 423.0% during the 2nd quarter. Versant Capital Management Inc now owns 978 shares of the company’s stock worth $40,000 after buying an additional 791 shares during the period. Assetmark Inc. lifted its stake in Bank OZK by 73.8% during the third quarter. Assetmark Inc. now owns 968 shares of the company’s stock valued at $42,000 after buying an additional 411 shares in the last quarter. Finally, American National Bank & Trust acquired a new position in shares of Bank OZK in the third quarter worth about $44,000. Institutional investors and hedge funds own 86.18% of the company’s stock.

Wall Street Analyst Weigh In

OZK has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price target on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Stephens boosted their target price on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Piper Sandler increased their target price on Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Raymond James downgraded Bank OZK from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 17th. Finally, Truist Financial reduced their price objective on Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $48.50.

Bank OZK Stock Performance

OZK stock opened at $50.55 on Tuesday. The firm has a 50 day moving average of $44.62 and a two-hundred day moving average of $43.24. Bank OZK has a 12 month low of $37.43 and a 12 month high of $52.36. The company has a market capitalization of $5.73 billion, a price-to-earnings ratio of 8.31 and a beta of 1.16. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.12.

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

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 11th were issued a dividend of $0.41 per share. This is a positive change from Bank OZK’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, October 11th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.24%. Bank OZK’s dividend payout ratio is currently 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.