Ranger Investment Management L.P. Grows Stock Holdings in Bank OZK $OZK

Ranger Investment Management L.P. boosted its holdings in Bank OZK (NASDAQ:OZK) by 8.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 282,940 shares of the company’s stock after buying an additional 20,985 shares during the quarter. Ranger Investment Management L.P. owned approximately 0.25% of Bank OZK worth $13,315,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors 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 worth $28,000 after acquiring an additional 217 shares in the last quarter. Summit Securities Group LLC purchased a new stake in Bank OZK during the first quarter worth approximately $32,000. Atlantic Union Bankshares Corp acquired a new position in Bank OZK in the second quarter valued at approximately $44,000. Brooklyn Investment Group increased its stake in Bank OZK by 1,114.3% in the first quarter. Brooklyn Investment Group now owns 1,105 shares of the company’s stock valued at $48,000 after purchasing an additional 1,014 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Bank OZK in the second quarter valued at approximately $52,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Zacks Research downgraded shares of Bank OZK from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Morgan Stanley lifted their price target on shares of Bank OZK from $55.00 to $63.00 and gave the stock an “underperform” rating in a research note on Monday, September 29th. National Bankshares set a $67.00 price objective on shares of Bank OZK in a research note on Wednesday, September 24th. UBS Group dropped their price objective on Bank OZK from $57.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, October 28th. Finally, Wall Street Zen downgraded Bank OZK from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Bank OZK has an average rating of “Hold” and an average target price of $58.75.

Bank OZK Price Performance

Shares of NASDAQ:OZK opened at $48.70 on Friday. Bank OZK has a one year low of $35.71 and a one year high of $53.66. The stock has a market capitalization of $5.45 billion, a price-to-earnings ratio of 7.85 and a beta of 0.92. The company has a 50-day simple moving average of $46.37 and a 200-day simple moving average of $48.50. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.03 and a current ratio of 1.03.

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

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, October 14th were given a $0.45 dividend. This is a positive change from Bank OZK’s previous quarterly dividend of $0.44. The ex-dividend date was Tuesday, October 14th. This represents a $1.80 dividend on an annualized basis and a yield of 3.7%. Bank OZK’s payout ratio is 29.03%.

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.