45,096 Shares in Bank OZK $OZK Acquired by Caxton Associates LLP

Caxton Associates LLP acquired a new position in shares of Bank OZK (NASDAQ:OZK) during the first quarter, HoldingsChannel.com reports. The firm acquired 45,096 shares of the company’s stock, valued at approximately $1,959,000.

Several other hedge funds also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its stake in Bank OZK by 5.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,350,220 shares of the company’s stock worth $189,017,000 after buying an additional 220,214 shares during the period. American Century Companies Inc. increased its holdings in shares of Bank OZK by 10.5% in the 1st quarter. American Century Companies Inc. now owns 2,405,292 shares of the company’s stock valued at $104,510,000 after acquiring an additional 228,295 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Bank OZK by 2.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,127,576 shares of the company’s stock valued at $48,993,000 after acquiring an additional 23,492 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of Bank OZK by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 753,854 shares of the company’s stock valued at $33,569,000 after acquiring an additional 48,789 shares during the last quarter. Finally, Newport Trust Company LLC boosted its position in shares of Bank OZK by 0.6% in the 1st quarter. Newport Trust Company LLC now owns 656,987 shares of the company’s stock valued at $28,546,000 after purchasing an additional 4,146 shares during the period. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on OZK. Raymond James Financial raised Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 price objective for the company in a research report on Tuesday, July 8th. Wells Fargo & Company boosted their price target on Bank OZK from $48.00 to $49.00 and gave the stock an “equal weight” rating in a report on Monday, July 21st. Finally, Stephens raised Bank OZK from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $58.00 to $65.00 in a research report on Wednesday, August 20th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Bank OZK has an average rating of “Hold” and a consensus target price of $54.25.

Bank OZK Trading Up 0.3%

Shares of NASDAQ OZK opened at $52.53 on Tuesday. The stock’s 50 day moving average price is $50.86 and its two-hundred day moving average price is $46.43. Bank OZK has a 52-week low of $35.71 and a 52-week high of $53.66. The stock has a market capitalization of $5.97 billion, a P/E ratio of 8.53 and a beta of 0.92. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.23.

Bank OZK (NASDAQ:OZK) last posted its earnings results on Thursday, July 17th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.51 by $0.07. The company had revenue of $428.04 million during the quarter, compared to analyst estimates of $423.41 million. Bank OZK had a return on equity of 13.24% and a net margin of 25.83%.During the same period in the prior year, the company earned $1.52 earnings per share. On average, analysts anticipate that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Friday, July 11th were issued a $0.44 dividend. This is a positive change from Bank OZK’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.76 dividend on an annualized basis and a yield of 3.4%. Bank OZK’s dividend payout ratio is currently 28.57%.

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.