Rule One Partners LLC Acquires New Holdings in Bank OZK (NASDAQ:OZK)

Rule One Partners LLC acquired a new stake in shares of Bank OZK (NASDAQ:OZK - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 40,001 shares of the company's stock, valued at approximately $1,720,000. Bank OZK accounts for 0.7% of Rule One Partners LLC's portfolio, making the stock its 9th biggest position.

Several other hedge funds also recently modified their holdings of OZK. AQR Capital Management LLC lifted its stake in Bank OZK by 291.5% during the second quarter. AQR Capital Management LLC now owns 2,371,892 shares of the company's stock valued at $95,848,000 after purchasing an additional 1,765,974 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Bank OZK by 32.7% in the third quarter. Wellington Management Group LLP now owns 4,223,452 shares of the company's stock valued at $181,566,000 after buying an additional 1,041,198 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of Bank OZK by 124.6% during the 3rd quarter. Captrust Financial Advisors now owns 1,698,856 shares of the company's stock worth $73,034,000 after acquiring an additional 942,309 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Bank OZK by 196.4% in the 2nd 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 during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Bank OZK by 483.9% during the second quarter. Victory Capital Management Inc. now owns 980,358 shares of the company's stock worth $40,195,000 after purchasing an additional 812,464 shares during the period. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Bank OZK Stock Down 0.7 %

Shares of Bank OZK stock traded down $0.33 on Thursday, hitting $47.23. 558,746 shares of the company traded hands, compared to its average volume of 1,257,728. Bank OZK has a 12-month low of $37.43 and a 12-month 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 0.12. The company has a market cap of $5.36 billion, a PE ratio of 7.77 and a beta of 1.18. The company has a 50-day moving average price of $46.14 and a 200 day moving average price of $43.32.

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 analysts' consensus estimates of $1.53 by $0.02. Bank OZK had a return on equity of 14.15% and a net margin of 26.07%. The firm had revenue of $423.00 million for the quarter, compared to the consensus estimate of $419.08 million. Sell-side analysts predict that Bank OZK will post 6.03 earnings per share for the current year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 11th were issued a $0.41 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.64 dividend on an annualized basis and a yield of 3.47%. This is an increase from Bank OZK's previous quarterly dividend of $0.40. Bank OZK's dividend payout ratio is currently 26.97%.

Analyst Upgrades and Downgrades

OZK has been the subject of a number of recent analyst reports. Piper Sandler increased their price target on Bank OZK from $58.00 to $63.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. Truist Financial dropped their target price on shares of Bank OZK from $48.00 to $46.00 and set a "hold" rating on the stock in a research report on Monday, October 21st. Wells Fargo & Company upped their price target on shares of Bank OZK from $35.00 to $40.00 and gave the company an "underweight" rating in a research report on Tuesday, December 3rd. Raymond James cut shares of Bank OZK from an "outperform" rating to a "market perform" rating in a research report on Tuesday, September 17th. Finally, Stephens increased their target price on Bank OZK from $48.00 to $51.00 and gave the company an "equal weight" rating in a report on Monday, October 21st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $49.13.

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.