Bank OZK $OZK Shares Acquired by Rhumbline Advisers

Rhumbline Advisers increased its position in shares of Bank OZK (NASDAQ:OZK) by 1.4% during the second quarter, Holdings Channel.com reports. The fund owned 312,188 shares of the company’s stock after acquiring an additional 4,278 shares during the quarter. Rhumbline Advisers’ holdings in Bank OZK were worth $14,692,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hantz Financial Services Inc. boosted its position in shares of Bank OZK by 58.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 590 shares of the company’s stock valued at $28,000 after purchasing an additional 217 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of Bank OZK in the 1st quarter worth approximately $32,000. Atlantic Union Bankshares Corp acquired a new stake in Bank OZK during the second quarter valued at approximately $44,000. Brooklyn Investment Group boosted its holdings in Bank OZK by 1,114.3% during the first quarter. Brooklyn Investment Group now owns 1,105 shares of the company’s stock worth $48,000 after buying an additional 1,014 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Bank OZK in the second quarter worth approximately $52,000. 86.18% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OZK has been the subject of a number of recent research reports. UBS Group cut their price objective on Bank OZK from $57.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, October 28th. Cowen reaffirmed a “buy” rating on shares of Bank OZK in a report on Tuesday, October 21st. Wall Street Zen cut Bank OZK from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Zacks Research downgraded Bank OZK from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Finally, Wells Fargo & Company raised their target price on shares of Bank OZK from $49.00 to $50.00 and gave the stock an “equal weight” rating in a report on Monday, September 29th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $58.75.

Bank OZK Stock Performance

Shares of OZK stock opened at $46.03 on Friday. The company has a market capitalization of $5.23 billion, a price-to-earnings ratio of 7.42 and a beta of 0.94. Bank OZK has a 1-year low of $35.71 and a 1-year high of $53.66. The company has a current ratio of 1.03, a quick ratio of 1.04 and a debt-to-equity ratio of 0.13. The stock’s fifty day simple moving average is $47.18 and its 200-day simple moving average is $48.39.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings data on Thursday, October 16th. The company reported $1.59 EPS for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.07). Bank OZK had a return on equity of 13.00% and a net margin of 25.81%.The business had revenue of $449.94 million for the quarter, compared to analyst estimates of $447.93 million. During the same quarter in the previous year, the business posted $1.55 earnings per share. On average, sell-side analysts predict that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, October 14th were issued a dividend of $0.45 per share. This is an increase from Bank OZK’s previous quarterly dividend of $0.44. This represents a $1.80 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Tuesday, October 14th. Bank OZK’s dividend payout ratio is 29.03%.

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.