De Lisle Partners LLP Raises Stock Position in Bank OZK (NASDAQ:OZK)

De Lisle Partners LLP lifted its holdings in Bank OZK (NASDAQ:OZK - Free Report) by 37.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,000 shares of the company's stock after purchasing an additional 12,000 shares during the quarter. De Lisle Partners LLP's holdings in Bank OZK were worth $1,892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. grew its holdings in shares of Bank OZK by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,941,431 shares of the company's stock worth $169,442,000 after acquiring an additional 112,648 shares during the period. AQR Capital Management LLC grew its stake in shares of Bank OZK by 291.5% during the 2nd quarter. AQR Capital Management LLC now owns 2,371,892 shares of the company's stock valued at $95,848,000 after purchasing an additional 1,765,974 shares during the period. Van Berkom & Associates Inc. increased its position in shares of Bank OZK by 2.0% during the 2nd quarter. Van Berkom & Associates Inc. now owns 2,024,130 shares of the company's stock valued at $82,989,000 after purchasing an additional 40,356 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Bank OZK by 21.9% in the 2nd quarter. American Century Companies Inc. now owns 1,642,293 shares of the company's stock worth $67,334,000 after purchasing an additional 295,298 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Bank OZK by 196.4% in the 2nd quarter. Millennium Management LLC now owns 1,365,393 shares of the company's stock worth $55,981,000 after purchasing an additional 904,782 shares during the period. 86.18% of the stock is owned by institutional investors.

Bank OZK Price Performance

Shares of OZK stock traded up $0.04 during mid-day trading on Thursday, hitting $49.94. The company had a trading volume of 1,490,110 shares, compared to its average volume of 1,279,285. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.02 and a quick ratio of 1.02. The stock's 50 day moving average price is $44.92 and its 200-day moving average price is $43.30. Bank OZK has a 52-week low of $37.43 and a 52-week high of $52.36. The company has a market capitalization of $5.67 billion, a P/E ratio of 8.21 and a beta of 1.16.

Bank OZK (NASDAQ:OZK - Get Free Report) last announced its quarterly earnings results on Thursday, October 17th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.53 by $0.02. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%. The business had revenue of $423.00 million for the quarter, compared to analysts' expectations of $419.08 million. Equities research analysts forecast that Bank OZK will post 6.03 earnings per share for the current year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 11th were paid a dividend of $0.41 per share. The ex-dividend date was Friday, October 11th. This is a positive change from Bank OZK's previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a yield of 3.28%. Bank OZK's dividend payout ratio is presently 26.97%.

Analyst Ratings Changes

OZK has been the topic of a number of recent research reports. Raymond James cut Bank OZK from an "outperform" rating to a "market perform" rating in a report on Tuesday, September 17th. Stephens increased their target price on shares of 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 decreased their target price on shares of Bank OZK from $48.00 to $46.00 and set a "hold" rating on the stock in a research note on Monday, October 21st. Piper Sandler upped their price target on shares of Bank OZK from $58.00 to $63.00 and gave the stock an "overweight" rating in a research report on Friday, October 18th. Finally, Morgan Stanley raised their price objective on shares of Bank OZK from $48.00 to $51.00 and gave the company an "equal weight" rating in a research report on Monday, August 5th. Two equities research 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, Bank OZK presently has a consensus rating of "Hold" and a consensus target price of $48.50.

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.