GSA Capital Partners LLP Has $1.91 Million Stake in Bank OZK (NASDAQ:OZK)

GSA Capital Partners LLP raised its position in Bank OZK (NASDAQ:OZK - Free Report) by 44.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,312 shares of the company's stock after purchasing an additional 13,569 shares during the quarter. GSA Capital Partners LLP's holdings in Bank OZK were worth $1,905,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OZK. PSI Advisors LLC lifted its holdings in shares of Bank OZK by 20,933.3% in the second quarter. PSI Advisors LLC now owns 631 shares of the company's stock valued at $26,000 after purchasing an additional 628 shares in the last quarter. LRI Investments LLC bought a new stake in shares of Bank OZK in the first quarter worth about $29,000. Versant Capital Management Inc raised its holdings in Bank OZK by 423.0% in the 2nd quarter. Versant Capital Management Inc now owns 978 shares of the company's stock worth $40,000 after purchasing an additional 791 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Bank OZK by 73.8% during the 3rd quarter. Assetmark Inc. now owns 968 shares of the company's stock valued at $42,000 after purchasing an additional 411 shares in the last quarter. Finally, American National Bank & Trust bought a new position in Bank OZK in the third quarter worth about $44,000. Institutional investors and hedge funds own 86.18% of the company's stock.

Bank OZK Stock Performance

Shares of Bank OZK stock traded down $0.32 on Wednesday, hitting $47.87. The stock had a trading volume of 1,463,689 shares, compared to its average volume of 1,285,660. 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 52-week low of $37.43 and a 52-week high of $52.36. The company's 50 day moving average price is $43.22 and its 200 day moving average price is $43.11. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 8.08 and a beta of 1.16.

Bank OZK (NASDAQ:OZK - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The company reported $1.55 earnings per share (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 company had revenue of $423.00 million for the quarter, compared to the consensus estimate of $419.08 million. On average, research analysts anticipate that Bank OZK will post 6.03 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 11th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.43%. This is an increase from Bank OZK's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, October 11th. Bank OZK's dividend payout ratio is 26.97%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Morgan Stanley raised their target price on Bank OZK from $48.00 to $51.00 and gave the company an "equal weight" rating in a research note on Monday, August 5th. Stephens boosted 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. StockNews.com raised Bank OZK from a "sell" rating to a "hold" rating in a research report on Thursday, July 18th. Truist Financial reduced their price objective on shares of Bank OZK from $48.00 to $46.00 and set a "hold" rating for the company in a research note on Monday, October 21st. Finally, Raymond James cut Bank OZK from an "outperform" rating to a "market perform" rating in a research note on Tuesday, September 17th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target 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.