De Lisle Partners LLP Raises Stock Holdings in Bank OZK (NASDAQ:OZK)

De Lisle Partners LLP raised its stake in shares of Bank OZK (NASDAQ:OZK) by 37.5% in the third quarter, Holdings Channel.com reports. The fund owned 44,000 shares of the company’s stock after purchasing an additional 12,000 shares during the period. De Lisle Partners LLP’s holdings in Bank OZK were worth $1,892,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Bank OZK during the 2nd quarter worth about $873,000. Alpha DNA Investment Management LLC acquired a new position in shares of Bank OZK in the third quarter valued at approximately $529,000. D. E. Shaw & Co. Inc. increased its stake in Bank OZK by 115.0% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 715,844 shares of the company’s stock worth $29,350,000 after buying an additional 382,896 shares during the period. M&G Plc boosted its position in Bank OZK by 12.4% in the 2nd quarter. M&G Plc now owns 210,801 shares of the company’s stock valued at $8,643,000 after buying an additional 23,309 shares during the period. Finally, Artemis Investment Management LLP purchased a new stake in shares of Bank OZK during the second quarter worth $3,623,000. 86.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on OZK. Piper Sandler upped their price target on Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Truist Financial reduced their price objective on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a report on Monday, October 21st. Stephens boosted 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 note on Monday, October 21st. Morgan Stanley raised their price target on Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Finally, Raymond James lowered Bank OZK from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Bank OZK has an average rating of “Hold” and an average price target of $48.50.

Bank OZK Trading Up 0.1 %

NASDAQ:OZK opened at $49.94 on Thursday. The company has a market capitalization of $5.67 billion, a PE ratio of 8.21 and a beta of 1.16. Bank OZK has a 52-week low of $37.43 and a 52-week high of $52.36. The stock’s 50 day moving average price is $44.92 and its 200 day moving average price is $43.30. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.12.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings data 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 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%. On average, research analysts anticipate that Bank OZK will post 6.03 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 11th were paid a $0.41 dividend. The ex-dividend date was Friday, October 11th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a yield of 3.28%. Bank OZK’s payout ratio is currently 26.97%.

Bank OZK Company 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.