31,501 Shares in Bank OZK (NASDAQ:OZK) Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new position in shares of Bank OZK (NASDAQ:OZK - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 31,501 shares of the company's stock, valued at approximately $1,292,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. LRI Investments LLC acquired a new position in Bank OZK in the 1st quarter worth about $29,000. PSI Advisors LLC raised its position in Bank OZK by 20,933.3% during the second quarter. PSI Advisors LLC now owns 631 shares of the company's stock valued at $26,000 after acquiring an additional 628 shares in the last quarter. Versant Capital Management Inc lifted its stake in Bank OZK by 423.0% in the second quarter. Versant Capital Management Inc now owns 978 shares of the company's stock valued at $40,000 after acquiring an additional 791 shares during the last quarter. Innealta Capital LLC acquired a new stake in Bank OZK in the second quarter valued at approximately $46,000. Finally, Abich Financial Wealth Management LLC bought a new stake in Bank OZK in the second quarter worth approximately $49,000. 86.18% of the stock is owned by hedge funds and other institutional investors.

Bank OZK Stock Performance

Shares of OZK stock traded up $1.28 during trading hours on Friday, reaching $43.66. 1,627,456 shares of the company's stock were exchanged, compared to its average volume of 1,264,471. Bank OZK has a fifty-two week low of $34.76 and a fifty-two week high of $52.36. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $4.95 billion, a P/E ratio of 7.25 and a beta of 1.17. The business has a fifty day moving average price of $41.78 and a 200-day moving average price of $43.02.

Bank OZK (NASDAQ:OZK - Get Free Report) last released its earnings results on Wednesday, July 17th. The company reported $1.52 EPS for the quarter, meeting the consensus estimate of $1.52. The firm had revenue of $416.78 million during the quarter, compared to analysts' expectations of $414.39 million. Bank OZK had a net margin of 27.04% and a return on equity of 14.50%. The business's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.47 EPS. Analysts predict that Bank OZK will post 6 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 11th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, October 11th. This is an increase from Bank OZK's previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a yield of 3.76%. Bank OZK's dividend payout ratio (DPR) is 26.58%.

Wall Street Analysts Forecast Growth

OZK has been the subject of several analyst reports. StockNews.com raised shares of Bank OZK from a "sell" rating to a "hold" rating in a research note on Thursday, July 18th. Morgan Stanley boosted their price target on Bank OZK from $48.00 to $51.00 and gave the stock an "equal weight" rating in a research report on Monday, August 5th. Truist Financial lowered their price objective on Bank OZK from $49.00 to $48.00 and set a "hold" rating on the stock in a report on Friday, September 20th. Stephens restated an "equal weight" rating and issued a $50.00 target price on shares of Bank OZK in a report on Thursday, July 18th. Finally, Raymond James downgraded Bank OZK from an "outperform" rating to a "market perform" rating in a report on Tuesday, September 17th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $46.57.

About Bank OZK

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.