Senvest Management LLC Takes Position in Bank OZK (NASDAQ:OZK)

Senvest Management LLC bought a new stake in shares of Bank OZK (NASDAQ:OZK - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 518,859 shares of the company's stock, valued at approximately $22,306,000. Bank OZK makes up approximately 0.8% of Senvest Management LLC's portfolio, making the stock its 29th biggest position. Senvest Management LLC owned approximately 0.46% of Bank OZK as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co lifted its holdings in Bank OZK by 0.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 82,134 shares of the company's stock worth $3,733,000 after buying an additional 409 shares during the period. Quadrature Capital Ltd boosted its position in shares of Bank OZK by 62.6% during the first quarter. Quadrature Capital Ltd now owns 13,321 shares of the company's stock valued at $605,000 after purchasing an additional 5,128 shares in the last quarter. LRI Investments LLC bought a new stake in shares of Bank OZK during the first quarter valued at approximately $29,000. Epoch Investment Partners Inc. grew its stake in Bank OZK by 0.8% in the first quarter. Epoch Investment Partners Inc. now owns 214,990 shares of the company's stock worth $9,773,000 after purchasing an additional 1,785 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in Bank OZK by 5.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 62,444 shares of the company's stock worth $2,839,000 after purchasing an additional 3,301 shares in the last quarter. Hedge funds and other institutional investors own 86.18% of the company's stock.

Bank OZK Stock Up 2.0 %

Shares of OZK stock traded up $0.98 during mid-day trading on Friday, hitting $49.33. The company's stock had a trading volume of 1,294,429 shares, compared to its average volume of 1,307,525. 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 52-week low of $37.43 and a 52-week high of $52.36. The stock has a market cap of $5.60 billion, a price-to-earnings ratio of 8.11 and a beta of 1.16. The business has a 50-day moving average price of $44.45 and a 200 day moving average price of $43.25.

Bank OZK (NASDAQ:OZK - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $423.00 million for the quarter, compared to analysts' expectations of $419.08 million. Bank OZK had a return on equity of 14.15% and a net margin of 26.07%. Research analysts predict that Bank OZK will post 6.03 EPS for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 11th were given a dividend of $0.41 per share. 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. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.32%. Bank OZK's payout ratio is presently 26.97%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on OZK shares. Stephens upped 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. Piper Sandler boosted their price objective on shares of Bank OZK from $58.00 to $63.00 and gave the stock an "overweight" rating in a research note on Friday, October 18th. Truist Financial decreased their target price 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. Raymond James cut Bank OZK from an "outperform" rating to a "market perform" rating in a research report on Tuesday, September 17th. Finally, Morgan Stanley raised their price objective on Bank OZK from $48.00 to $51.00 and gave the company an "equal weight" rating in a research report on Monday, August 5th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $48.50.

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.