Bank OZK (NASDAQ:OZK) Shares Acquired by Algert Global LLC

Algert Global LLC lifted its position in Bank OZK (NASDAQ:OZK) by 43.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 284,551 shares of the company’s stock after purchasing an additional 86,012 shares during the period. Algert Global LLC’s holdings in Bank OZK were worth $12,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co raised its holdings in Bank OZK by 0.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 82,134 shares of the company’s stock worth $3,733,000 after purchasing an additional 409 shares during the period. Natixis purchased a new stake in shares of Bank OZK in the first quarter valued at approximately $868,000. Quadrature Capital Ltd grew its stake in Bank OZK by 62.6% in the 1st quarter. Quadrature Capital Ltd now owns 13,321 shares of the company’s stock valued at $605,000 after acquiring an additional 5,128 shares during the period. LRI Investments LLC acquired a new stake in Bank OZK in the 1st quarter valued at $29,000. Finally, Epoch Investment Partners Inc. increased its holdings in Bank OZK by 0.8% in the 1st quarter. Epoch Investment Partners Inc. now owns 214,990 shares of the company’s stock worth $9,773,000 after acquiring an additional 1,785 shares in the last quarter. 86.18% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OZK has been the topic of several recent analyst reports. Stephens increased their price objective on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Piper Sandler raised their price target on shares of Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Truist Financial lowered their price objective on Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a report on Monday, October 21st. Morgan Stanley 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, August 5th. Finally, Raymond James lowered Bank OZK from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. 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 company. According to data from MarketBeat.com, Bank OZK presently has an average rating of “Hold” and an average target price of $48.50.

Bank OZK Trading Up 2.0 %

Shares of Bank OZK stock opened at $49.33 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.02 and a quick ratio of 1.02. The stock’s 50 day simple moving average is $44.30 and its 200-day simple moving average is $43.26. The stock has a market cap of $5.60 billion, a P/E ratio of 8.11 and a beta of 1.16. Bank OZK has a 1-year low of $37.43 and a 1-year high of $52.36.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings data on Thursday, October 17th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.02. The firm had revenue of $423.00 million for 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%. Analysts predict that Bank OZK will post 6.03 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently declared 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 a boost 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 annualized dividend and a dividend yield of 3.32%. Bank OZK’s payout ratio is presently 26.97%.

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.