Quantinno Capital Management LP Purchases 25,636 Shares of Bank OZK (NASDAQ:OZK)

Quantinno Capital Management LP raised its holdings in Bank OZK (NASDAQ:OZK - Free Report) by 23.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 136,247 shares of the company's stock after buying an additional 25,636 shares during the quarter. Quantinno Capital Management LP owned 0.12% of Bank OZK worth $5,857,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Point72 DIFC Ltd acquired a new position in Bank OZK during the 3rd quarter worth about $1,085,000. HighTower Advisors LLC acquired a new position in Bank OZK during the 3rd quarter worth about $392,000. Benjamin Edwards Inc. lifted its position in Bank OZK by 50.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 7,372 shares of the company's stock worth $317,000 after buying an additional 2,474 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Bank OZK during the 3rd quarter worth about $199,000. Finally, Point72 Hong Kong Ltd acquired a new position in Bank OZK during the 3rd quarter worth about $1,771,000. Institutional investors own 86.18% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Raymond James downgraded shares of Bank OZK from an "outperform" rating to a "market perform" rating in a research report on Tuesday, September 17th. Truist Financial lowered their price target on Bank OZK from $48.00 to $46.00 and set a "hold" rating for the company in a research note on Monday, October 21st. Piper Sandler upped their price target on Bank OZK from $58.00 to $63.00 and gave the company an "overweight" rating in a research note on Friday, October 18th. Stephens upped their price target on Bank OZK from $48.00 to $51.00 and gave the company an "equal weight" rating in a research note on Monday, October 21st. Finally, Wells Fargo & Company increased their target price on Bank OZK from $35.00 to $40.00 and gave the stock an "underweight" rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $49.13.

Bank OZK Stock Up 0.3 %

Shares of NASDAQ OZK traded up $0.14 during trading hours on Friday, hitting $47.49. The company had a trading volume of 527,153 shares, compared to its average volume of 1,159,028. The firm's 50 day moving average is $45.82 and its 200-day moving average is $43.34. The stock has a market capitalization of $5.39 billion, a P/E ratio of 7.81 and a beta of 1.18. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.12. Bank OZK has a 1-year low of $37.43 and a 1-year high of $52.36.

Bank OZK (NASDAQ:OZK - Get Free Report) last released 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 analyst estimates of $419.08 million. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%. On average, analysts expect that Bank OZK will post 6.03 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders 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 yield of 3.45%. The ex-dividend date of this dividend was Friday, October 11th. This is a positive change from Bank OZK's previous quarterly dividend of $0.40. Bank OZK's payout ratio is 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.