GSA Capital Partners LLP Acquires 13,569 Shares of Bank OZK (NASDAQ:OZK)

GSA Capital Partners LLP grew its holdings in Bank OZK (NASDAQ:OZK) by 44.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,312 shares of the company’s stock after purchasing an additional 13,569 shares during the period. GSA Capital Partners LLP’s holdings in Bank OZK were worth $1,905,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC grew its holdings in shares of Bank OZK by 22.8% in the first quarter. Janney Montgomery Scott LLC now owns 12,255 shares of the company’s stock worth $557,000 after acquiring an additional 2,274 shares during the period. State Board of Administration of Florida Retirement System grew its holdings in shares of Bank OZK by 27.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 140,492 shares of the company’s stock worth $6,387,000 after acquiring an additional 29,993 shares during the period. Foundry Partners LLC bought a new stake in shares of Bank OZK in the first quarter worth $4,294,000. M&G Plc bought a new stake in shares of Bank OZK in the first quarter worth $8,437,000. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Bank OZK by 12.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 62,281 shares of the company’s stock worth $2,795,000 after acquiring an additional 7,056 shares during the period. Institutional investors own 86.18% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on OZK. Stephens lifted their price objective on Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Truist Financial cut their price target on Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a report on Monday, October 21st. Morgan Stanley upped their price target on Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Raymond James cut Bank OZK from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. Finally, StockNews.com upgraded Bank OZK from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Two 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. Based on data from MarketBeat.com, Bank OZK has a consensus rating of “Hold” and a consensus price target of $48.50.

Bank OZK Stock Performance

NASDAQ OZK opened at $48.19 on Wednesday. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 7.93 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. The business has a 50-day moving average price of $43.22 and a 200-day moving average price of $43.11. Bank OZK has a twelve month low of $36.99 and a twelve month high of $52.36.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings data on Thursday, October 17th. The company reported $1.55 earnings per share 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 analyst estimates of $419.08 million. Bank OZK had a return on equity of 14.15% and a net margin of 26.07%. As a group, equities research analysts predict that Bank OZK will post 6.03 EPS for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 11th were paid a $0.41 dividend. 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 3.40%. Bank OZK’s dividend payout ratio is 26.97%.

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.