Captrust Financial Advisors Buys 942,309 Shares of Bank OZK (NASDAQ:OZK)

Captrust Financial Advisors boosted its position in shares of Bank OZK (NASDAQ:OZK - Free Report) by 124.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,698,856 shares of the company's stock after purchasing an additional 942,309 shares during the period. Captrust Financial Advisors owned about 1.50% of Bank OZK worth $73,034,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in OZK. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Bank OZK by 2.0% during the 3rd 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 purchasing an additional 5,812 shares in the last quarter. De Lisle Partners LLP grew its holdings in shares of Bank OZK by 37.5% during the third quarter. De Lisle Partners LLP now owns 44,000 shares of the company's stock worth $1,892,000 after purchasing an additional 12,000 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Bank OZK in the third quarter valued at $1,883,000. BNP Paribas Financial Markets raised its holdings in shares of Bank OZK by 395.2% in the third quarter. BNP Paribas Financial Markets now owns 311,866 shares of the company's stock valued at $13,407,000 after buying an additional 248,889 shares during the last quarter. Finally, Quantbot Technologies LP lifted its position in Bank OZK by 43.0% during the 3rd quarter. Quantbot Technologies LP now owns 270,132 shares of the company's stock worth $11,613,000 after buying an additional 81,265 shares in the last quarter. 86.18% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on OZK. Raymond James downgraded Bank OZK from an "outperform" rating to a "market perform" rating in a report on Tuesday, September 17th. Stephens upped 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 report on Monday, October 21st. Truist Financial lowered their price target 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. Piper Sandler increased their price objective on shares of Bank OZK from $58.00 to $63.00 and gave the company an "overweight" rating in a report on Friday, October 18th. Finally, Morgan Stanley lifted 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, August 5th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $48.50.

Bank OZK Stock Up 0.1 %

Shares of OZK traded up $0.03 during mid-day trading on Friday, hitting $49.97. 532,824 shares of the company's stock were exchanged, compared to its average volume of 1,276,053. The company has a 50-day simple moving average of $45.19 and a 200 day simple moving average of $43.32. 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 company has a market cap of $5.67 billion, a PE ratio of 8.22 and a beta of 1.16. Bank OZK has a 52 week low of $37.43 and a 52 week high of $52.36.

Bank OZK (NASDAQ:OZK - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.02. The company had revenue of $423.00 million during the quarter, compared to analysts' expectations of $419.08 million. Bank OZK had a return on equity of 14.15% and a net margin of 26.07%. On average, research analysts forecast that Bank OZK will post 6.03 earnings per share for the current fiscal 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 issued a dividend of $0.41 per share. This is a boost from Bank OZK's previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend was Friday, October 11th. Bank OZK's dividend payout ratio (DPR) is presently 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.