Quantbot Technologies LP lifted its stake in shares of Bank OZK (NASDAQ:OZK - Free Report) by 43.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 270,132 shares of the company's stock after acquiring an additional 81,265 shares during the period. Bank OZK accounts for approximately 0.5% of Quantbot Technologies LP's portfolio, making the stock its 21st biggest holding. Quantbot Technologies LP owned 0.24% of Bank OZK worth $11,613,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OZK. SG Americas Securities LLC acquired a new position in Bank OZK in the 2nd quarter valued at $873,000. D. E. Shaw & Co. Inc. increased its stake in Bank OZK by 115.0% in the second quarter. D. E. Shaw & Co. Inc. now owns 715,844 shares of the company's stock valued at $29,350,000 after purchasing an additional 382,896 shares during the last quarter. Alpha DNA Investment Management LLC purchased a new position in Bank OZK during the third quarter worth about $529,000. M&G Plc boosted its stake in Bank OZK by 12.4% in the 2nd quarter. M&G Plc now owns 210,801 shares of the company's stock worth $8,643,000 after buying an additional 23,309 shares during the last quarter. Finally, Artemis Investment Management LLP purchased a new stake in Bank OZK in the 2nd quarter valued at about $3,623,000. Hedge funds and other institutional investors own 86.18% of the company's stock.
Bank OZK Stock Down 1.3 %
NASDAQ:OZK traded down $0.65 during trading hours on Tuesday, hitting $49.90. 822,194 shares of the stock traded hands, compared to its average volume of 1,278,364. The firm has a market cap of $5.66 billion, a price-to-earnings ratio of 8.31 and a beta of 1.16. The firm has a 50 day moving average price of $44.62 and a 200 day moving average price of $43.24. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. Bank OZK has a fifty-two week low of $37.43 and a fifty-two week high of $52.36.
Bank OZK (NASDAQ:OZK - Get Free Report) last posted its quarterly earnings results 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. 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 during the quarter, compared to analyst estimates of $419.08 million. Equities research analysts anticipate that Bank OZK will post 6.03 earnings per share for the current year.
Bank OZK Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 11th were given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.29%. This is an increase from Bank OZK's previous quarterly dividend of $0.40. The ex-dividend date was Friday, October 11th. Bank OZK's payout ratio is currently 26.97%.
Analysts Set New Price Targets
A number of analysts have recently commented on the company. Stephens upped 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 objective on Bank OZK from $48.00 to $46.00 and set a "hold" rating on the stock in a report on Monday, October 21st. Piper Sandler boosted their target price on Bank OZK from $58.00 to $63.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. Raymond James lowered shares of Bank OZK from an "outperform" rating to a "market perform" rating in a report on Tuesday, September 17th. Finally, Morgan Stanley lifted their price target 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 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 stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $48.50.
Read Our Latest Analysis on Bank OZK
About Bank OZK
(
Free Report)
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.
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