22,987 Shares in Bank OZK (NASDAQ:OZK) Bought by Wolverine Asset Management LLC

Wolverine Asset Management LLC purchased a new stake in Bank OZK (NASDAQ:OZK - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 22,987 shares of the company's stock, valued at approximately $988,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. PSI Advisors LLC boosted its stake in shares of 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 acquiring an additional 628 shares in the last quarter. LRI Investments LLC acquired a new stake in Bank OZK in the first quarter valued at $29,000. Versant Capital Management Inc increased its position in shares of Bank OZK by 423.0% in the second quarter. Versant Capital Management Inc now owns 978 shares of the company's stock valued at $40,000 after buying an additional 791 shares in the last quarter. Assetmark Inc. boosted its position in shares of Bank OZK by 73.8% in the 3rd quarter. Assetmark Inc. now owns 968 shares of the company's stock worth $42,000 after buying an additional 411 shares in the last quarter. Finally, American National Bank & Trust acquired a new stake in Bank OZK in the 3rd quarter valued at about $44,000. Institutional investors and hedge funds own 86.18% of the company's stock.

Bank OZK Trading Down 0.7 %

Shares of NASDAQ OZK traded down $0.32 on Wednesday, reaching $47.87. 1,466,154 shares of the company traded hands, compared to its average volume of 1,285,671. The company has a 50 day moving average of $43.34 and a 200 day moving average of $43.15. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. Bank OZK has a fifty-two week low of $37.43 and a fifty-two week high of $52.36. The stock has a market capitalization of $5.43 billion, a PE ratio of 7.87 and a beta of 1.16.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its quarterly earnings results on Thursday, October 17th. The company reported $1.55 earnings per share for the quarter, topping analysts' consensus estimates of $1.53 by $0.02. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%. The company had revenue of $423.00 million for the quarter, compared to the consensus estimate of $419.08 million. On average, equities research analysts forecast that Bank OZK will post 6.03 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The company 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. 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. This represents a $1.64 annualized dividend and a yield of 3.43%. Bank OZK's dividend payout ratio is currently 26.97%.

Analyst Upgrades and Downgrades

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

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.