QSV Equity Investors LLC Grows Stock Holdings in Bank OZK (NASDAQ:OZK)

QSV Equity Investors LLC increased its position in shares of Bank OZK (NASDAQ:OZK) by 11.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,419 shares of the company’s stock after purchasing an additional 5,215 shares during the period. Bank OZK makes up about 2.1% of QSV Equity Investors LLC’s portfolio, making the stock its 10th biggest holding. QSV Equity Investors LLC’s holdings in Bank OZK were worth $2,211,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC increased its holdings in shares of Bank OZK by 291.5% during the second quarter. AQR Capital Management LLC now owns 2,371,892 shares of the company’s stock worth $95,848,000 after purchasing an additional 1,765,974 shares during the period. Captrust Financial Advisors grew its position in Bank OZK by 124.6% during the third quarter. Captrust Financial Advisors now owns 1,698,856 shares of the company’s stock worth $73,034,000 after buying an additional 942,309 shares in the last quarter. Millennium Management LLC increased its stake in Bank OZK by 196.4% during the 2nd quarter. Millennium Management LLC now owns 1,365,393 shares of the company’s stock worth $55,981,000 after acquiring an additional 904,782 shares during the period. Victory Capital Management Inc. lifted its position in shares of Bank OZK by 483.9% during the 2nd quarter. Victory Capital Management Inc. now owns 980,358 shares of the company’s stock valued at $40,195,000 after acquiring an additional 812,464 shares during the period. Finally, Berkley W R Corp acquired a new stake in shares of Bank OZK during the 2nd quarter worth $24,600,000. 86.18% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on OZK. Truist Financial cut their price objective on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a research report on Monday, October 21st. Wells Fargo & Company upped their price target on shares of Bank OZK from $35.00 to $40.00 and gave the stock an “underweight” rating in a report on Tuesday. Raymond James cut shares of Bank OZK from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. Piper Sandler upped their target price on Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, Stephens raised 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, October 21st. Two 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. Based on data from MarketBeat, Bank OZK has an average rating of “Hold” and an average price target of $49.13.

Bank OZK Trading Down 0.7 %

Shares of OZK stock opened at $47.99 on Thursday. The stock’s fifty day simple moving average is $45.60 and its 200 day simple moving average is $43.32. Bank OZK has a twelve month low of $37.43 and a twelve month high of $52.36. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $5.44 billion, a P/E ratio of 7.89 and a beta of 1.18.

Bank OZK (NASDAQ:OZK) last issued its 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. The company had revenue of $423.00 million for the quarter, compared to analyst estimates of $419.08 million. Bank OZK had a return on equity of 14.15% and a net margin of 26.07%. As a group, sell-side analysts predict that Bank OZK will post 6.03 EPS for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 11th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date was Friday, October 11th. This is a positive change 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.