Algert Global LLC Increases Stock Position in Bank OZK (NASDAQ:OZK)

Algert Global LLC increased its holdings in shares of Bank OZK (NASDAQ:OZK) by 43.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 284,551 shares of the company’s stock after purchasing an additional 86,012 shares during the period. Algert Global LLC owned 0.25% of Bank OZK worth $12,233,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. PSI Advisors LLC grew its stake in Bank OZK by 20,933.3% in the second quarter. PSI Advisors LLC now owns 631 shares of the company’s stock valued at $26,000 after purchasing an additional 628 shares during the last quarter. LRI Investments LLC bought a new stake in shares of Bank OZK in the 1st quarter valued at about $29,000. Versant Capital Management Inc grew its position in shares of Bank OZK by 423.0% in the 2nd quarter. Versant Capital Management Inc now owns 978 shares of the company’s stock worth $40,000 after buying an additional 791 shares during the last quarter. Assetmark Inc. raised its stake in shares of Bank OZK by 73.8% during the 3rd quarter. Assetmark Inc. now owns 968 shares of the company’s stock worth $42,000 after acquiring an additional 411 shares in the last quarter. Finally, American National Bank & Trust purchased a new stake in Bank OZK during the third quarter valued at approximately $44,000. 86.18% of the stock is owned by hedge funds and other institutional investors.

Bank OZK Trading Up 2.0 %

Shares of NASDAQ:OZK opened at $49.33 on Friday. The business has a 50-day moving average price of $44.30 and a 200-day moving average price of $43.26. The stock has a market cap of $5.60 billion, a price-to-earnings ratio of 8.11 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 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 results on Thursday, October 17th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.02. The company had revenue of $423.00 million during the quarter, compared to analyst estimates of $419.08 million. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%. Equities analysts predict that Bank OZK will post 6.03 EPS for the current 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 given a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, October 11th. This is an increase from Bank OZK’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a yield of 3.32%. Bank OZK’s payout ratio is currently 26.97%.

Analyst Ratings Changes

Several equities analysts have issued reports on OZK shares. Stephens lifted their price target on shares of Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Morgan Stanley boosted their target price on Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Raymond James lowered Bank OZK from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. Piper Sandler raised 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. Finally, Truist Financial dropped their price target on Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a research note on Monday, October 21st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $48.50.

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.