Two Sigma Advisers LP Has $15.49 Million Stock Holdings in Bank OZK (NASDAQ:OZK)

Two Sigma Advisers LP lifted its holdings in shares of Bank OZK (NASDAQ:OZK - Free Report) by 66.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 360,200 shares of the company's stock after purchasing an additional 144,200 shares during the period. Two Sigma Advisers LP owned 0.32% of Bank OZK worth $15,485,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PSI Advisors LLC raised its holdings in Bank OZK by 20,933.3% during the 2nd quarter. PSI Advisors LLC now owns 631 shares of the company's stock worth $26,000 after purchasing an additional 628 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Bank OZK by 73.8% in the 3rd quarter. Assetmark Inc. now owns 968 shares of the company's stock valued at $42,000 after purchasing an additional 411 shares during the period. American National Bank & Trust bought a new position in shares of Bank OZK in the 3rd quarter worth $44,000. Innealta Capital LLC bought a new stake in Bank OZK in the second quarter valued at about $46,000. Finally, Abich Financial Wealth Management LLC bought a new stake in shares of Bank OZK in the 2nd quarter valued at about $49,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Bank OZK Stock Performance

OZK traded down $0.23 on Monday, reaching $47.26. The company had a trading volume of 846,035 shares, compared to its average volume of 1,264,404. The company's fifty day moving average is $45.82 and its 200 day moving average is $43.28. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market cap of $5.36 billion, a P/E ratio of 7.79 and a beta of 1.18. Bank OZK has a fifty-two week low of $37.43 and a fifty-two week high of $52.36.

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 (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.02. The business had revenue of $423.00 million during the quarter, compared to the consensus estimate of $419.08 million. Bank OZK had a return on equity of 14.15% and a net margin of 26.07%. As a group, analysts predict that Bank OZK will post 6.03 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 11th were given a dividend of $0.41 per share. The ex-dividend date 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%.

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.