Bank OZK (NASDAQ:OZK) Stake Boosted by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lifted its stake in shares of Bank OZK (NASDAQ:OZK) by 83.2% during the third quarter, Holdings Channel reports. The firm owned 10,648 shares of the company’s stock after buying an additional 4,837 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Bank OZK were worth $458,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. MML Investors Services LLC grew its stake in Bank OZK by 5.4% during the 3rd quarter. MML Investors Services LLC now owns 21,452 shares of the company’s stock worth $922,000 after buying an additional 1,105 shares during the last quarter. Villanova Investment Management Co LLC boosted its holdings in shares of Bank OZK by 3.1% during the third quarter. Villanova Investment Management Co LLC now owns 75,684 shares of the company’s stock valued at $3,254,000 after acquiring an additional 2,306 shares during the period. Wellington Management Group LLP grew its position in shares of Bank OZK by 32.7% during the third quarter. Wellington Management Group LLP now owns 4,223,452 shares of the company’s stock worth $181,566,000 after acquiring an additional 1,041,198 shares during the last quarter. Two Sigma Advisers LP increased its holdings in shares of Bank OZK by 66.8% in the 3rd quarter. Two Sigma Advisers LP now owns 360,200 shares of the company’s stock worth $15,485,000 after acquiring an additional 144,200 shares during the period. Finally, State Street Corp increased its holdings in shares of Bank OZK by 7.3% in the 3rd quarter. State Street Corp now owns 7,106,907 shares of the company’s stock worth $305,526,000 after acquiring an additional 485,172 shares during the period. Institutional investors own 86.18% of the company’s stock.

Bank OZK Stock Performance

OZK opened at $46.79 on Monday. Bank OZK has a 1-year low of $37.43 and a 1-year high of $52.36. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 7.70 and a beta of 1.18. The business has a 50 day moving average price of $46.33 and a two-hundred day moving average price of $43.35. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.02 and a quick ratio of 1.02.

Bank OZK (NASDAQ:OZK) last announced 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 analyst estimates of $419.08 million. Bank OZK had a return on equity of 14.15% and a net margin of 26.07%. Research analysts predict that Bank OZK will post 6.03 EPS for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently disclosed 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 positive change from Bank OZK’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, October 11th. This represents a $1.64 annualized dividend and a dividend yield of 3.51%. Bank OZK’s dividend payout ratio (DPR) is 26.97%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on OZK. Wells Fargo & Company boosted their target price on shares of Bank OZK from $35.00 to $40.00 and gave the company an “underweight” rating in a research note on Tuesday, December 3rd. Stephens boosted their price objective on Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Piper Sandler raised their target price on Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Raymond James lowered Bank OZK from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. Finally, Truist Financial lowered their price target on Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $49.13.

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.