Bank OZK (NASDAQ:OZK) Holdings Lifted by Quest Partners LLC

Quest Partners LLC raised its position in shares of Bank OZK (NASDAQ:OZK - Free Report) by 4,174.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 58,815 shares of the company's stock after acquiring an additional 57,439 shares during the period. Quest Partners LLC owned approximately 0.05% of Bank OZK worth $2,528,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OZK. State Board of Administration of Florida Retirement System increased its holdings in Bank OZK by 27.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 140,492 shares of the company's stock valued at $6,387,000 after purchasing an additional 29,993 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Bank OZK during the second quarter valued at about $873,000. Natixis purchased a new stake in shares of Bank OZK during the first quarter worth about $868,000. D. E. Shaw & Co. Inc. lifted its stake in shares of Bank OZK by 115.0% in the second quarter. D. E. Shaw & Co. Inc. now owns 715,844 shares of the company's stock worth $29,350,000 after acquiring an additional 382,896 shares in the last quarter. Finally, M&G Plc boosted its holdings in Bank OZK by 12.4% in the second quarter. M&G Plc now owns 210,801 shares of the company's stock valued at $8,643,000 after purchasing an additional 23,309 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Piper Sandler increased their target price 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 boosted their target price on shares of Bank OZK from $48.00 to $51.00 and gave the stock an "equal weight" rating in a research report on Monday, October 21st. Truist Financial decreased 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. Raymond James lowered Bank OZK from an "outperform" rating to a "market perform" rating in a report on Tuesday, September 17th. Finally, Morgan Stanley increased 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, August 5th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Bank OZK has a consensus rating of "Hold" and a consensus target price of $48.50.

Bank OZK Stock Performance

Shares of Bank OZK stock traded down $0.18 during trading on Monday, hitting $48.31. 609,862 shares of the stock were exchanged, compared to its average volume of 1,282,134. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.02. Bank OZK has a 12 month low of $37.43 and a 12 month high of $52.36. The stock's fifty day moving average is $43.65 and its 200 day moving average is $43.17. The stock has a market cap of $5.48 billion, a PE ratio of 7.97 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 analysts' consensus estimates of $1.53 by $0.02. The business had revenue of $423.00 million during the quarter, compared to analyst estimates of $419.08 million. Bank OZK had a return on equity of 14.15% and a net margin of 26.07%. As a group, sell-side analysts anticipate that Bank OZK will post 6.03 EPS for the current year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 11th were paid a dividend of $0.41 per share. This is a boost from Bank OZK's previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date was Friday, October 11th. Bank OZK's payout ratio is currently 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.