Bank OZK (NASDAQ:OZK) Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lifted its position in shares of Bank OZK (NASDAQ:OZK) by 43.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,321 shares of the company’s stock after purchasing an additional 4,673 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Bank OZK were worth $682,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Kestra Investment Management LLC acquired a new position in shares of Bank OZK during the fourth quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Bank OZK in the fourth quarter worth $27,000. V Square Quantitative Management LLC increased its stake in shares of Bank OZK by 81.3% in the fourth quarter. V Square Quantitative Management LLC now owns 948 shares of the company’s stock worth $42,000 after buying an additional 425 shares during the last quarter. Assetmark Inc. increased its stake in shares of Bank OZK by 73.8% in the third quarter. Assetmark Inc. now owns 968 shares of the company’s stock worth $42,000 after buying an additional 411 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of Bank OZK in the third quarter worth $61,000. 86.18% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on OZK shares. UBS Group started coverage on shares of Bank OZK in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price target for the company. Stephens lifted their price target on shares of Bank OZK from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company upgraded shares of Bank OZK from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $40.00 to $48.00 in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $50.00.

Bank OZK Stock Up 0.9 %

OZK stock opened at $48.01 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. Bank OZK has a 1-year low of $37.43 and a 1-year high of $53.64. The firm has a fifty day moving average price of $47.97 and a two-hundred day moving average price of $45.62. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of 7.82 and a beta of 1.20.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings results on Thursday, January 16th. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.44 by $0.12. The business had revenue of $412.34 million during the quarter, compared to analyst estimates of $407.19 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.50 earnings per share. Research analysts predict that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 14th were given a dividend of $0.42 per share. The ex-dividend date was Tuesday, January 14th. This represents a $1.68 annualized dividend and a dividend yield of 3.50%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.41. Bank OZK’s dividend payout ratio is currently 27.36%.

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.