Wincap Financial LLC Has $949,000 Holdings in Bank OZK $OZK

Wincap Financial LLC lifted its position in Bank OZK (NASDAQ:OZK) by 17.9% in the second quarter, HoldingsChannel.com reports. The firm owned 20,156 shares of the company’s stock after acquiring an additional 3,065 shares during the period. Wincap Financial LLC’s holdings in Bank OZK were worth $949,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in Bank OZK during the first quarter worth $14,197,000. Earnest Partners LLC acquired a new stake in shares of Bank OZK during the 1st quarter valued at about $12,696,000. Lord Abbett & CO. LLC acquired a new stake in shares of Bank OZK during the 1st quarter valued at about $11,297,000. American Century Companies Inc. increased its stake in Bank OZK by 10.5% in the first 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 period. Finally, Charles Schwab Investment Management Inc. raised its position in Bank OZK by 5.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,350,220 shares of the company’s stock worth $189,017,000 after purchasing an additional 220,214 shares in the last quarter. 86.18% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Raymond James Financial raised Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 price objective on the stock in a report on Tuesday, July 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank OZK in a research note on Wednesday, October 8th. TD Cowen assumed coverage on Bank OZK in a research note on Thursday, September 25th. They set a “buy” rating and a $67.00 price objective for the company. National Bankshares set a $67.00 price objective on Bank OZK in a report on Wednesday, September 24th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Bank OZK from $53.00 to $50.00 and set a “market perform” rating on the stock in a report on Monday, October 20th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $58.88.

Bank OZK Trading Up 0.6%

OZK stock opened at $46.03 on Tuesday. The business has a fifty day moving average price of $50.74 and a 200 day moving average price of $48.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.04. Bank OZK has a fifty-two week low of $35.71 and a fifty-two week high of $53.66. The stock has a market capitalization of $5.23 billion, a price-to-earnings ratio of 7.42 and a beta of 0.88.

Bank OZK (NASDAQ:OZK) last announced its earnings results 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 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 the consensus estimate of $447.93 million. During the same quarter in the previous year, the company posted $1.55 EPS. Analysts expect that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

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