Victory Capital Management Inc. Increases Position in Bank OZK (NASDAQ:OZK)

Victory Capital Management Inc. raised its holdings in Bank OZK (NASDAQ:OZK - Free Report) by 34.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,321,436 shares of the company's stock after acquiring an additional 341,078 shares during the period. Victory Capital Management Inc. owned about 1.16% of Bank OZK worth $56,809,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its stake in Bank OZK by 291.5% in the second quarter. AQR Capital Management LLC now owns 2,371,892 shares of the company's stock valued at $95,848,000 after acquiring an additional 1,765,974 shares during the period. Van Berkom & Associates Inc. boosted its position in shares of Bank OZK by 2.0% during the second quarter. Van Berkom & Associates Inc. now owns 2,024,130 shares of the company's stock worth $82,989,000 after buying an additional 40,356 shares during the period. American Century Companies Inc. raised its holdings in Bank OZK by 21.9% during the second quarter. American Century Companies Inc. now owns 1,642,293 shares of the company's stock worth $67,334,000 after acquiring an additional 295,298 shares in the last quarter. Millennium Management LLC raised its holdings in Bank OZK by 196.4% during the second quarter. Millennium Management LLC now owns 1,365,393 shares of the company's stock worth $55,981,000 after acquiring an additional 904,782 shares in the last quarter. Finally, Newport Trust Company LLC raised its holdings in Bank OZK by 2.0% during the second quarter. Newport Trust Company LLC now owns 1,147,350 shares of the company's stock worth $47,041,000 after acquiring an additional 22,819 shares in the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on OZK. Stephens upped their target price 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 reduced their price target on Bank OZK from $48.00 to $46.00 and set a "hold" rating on the stock in a research report on Monday, October 21st. Raymond James downgraded Bank OZK from an "outperform" rating to a "market perform" rating in a research report on Tuesday, September 17th. Piper Sandler raised 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. Finally, StockNews.com raised Bank OZK from a "sell" rating to a "hold" rating in a report on Thursday, July 18th. Two investment 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. Based on data from MarketBeat, Bank OZK has an average rating of "Hold" and a consensus price target of $48.50.

Bank OZK Trading Up 0.3 %

Shares of OZK stock traded up $0.13 during mid-day trading on Friday, hitting $47.90. The company's stock had a trading volume of 325,472 shares, compared to its average volume of 1,280,819. The company's fifty day simple moving average is $43.34 and its 200-day simple moving average is $43.15. Bank OZK has a 52 week low of $37.43 and a 52 week high of $52.36. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $5.43 billion, a PE ratio of 7.86 and a beta of 1.16.

Bank OZK (NASDAQ:OZK - Get Free Report) last issued its earnings results on Thursday, October 17th. The company reported $1.55 EPS 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 the consensus estimate 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 expect that Bank OZK will post 6.03 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 11th were paid a $0.41 dividend. The ex-dividend date of this dividend was Friday, October 11th. This is an increase from Bank OZK's previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 3.42%. Bank OZK's dividend payout ratio (DPR) 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.