Caprock Group LLC Buys 645 Shares of Bank OZK (NASDAQ:OZK)

Caprock Group LLC raised its stake in Bank OZK (NASDAQ:OZK) by 10.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,805 shares of the company’s stock after buying an additional 645 shares during the period. Caprock Group LLC’s holdings in Bank OZK were worth $293,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in OZK. Quest Partners LLC grew its position in Bank OZK by 4,174.3% during the third quarter. Quest Partners LLC now owns 58,815 shares of the company’s stock valued at $2,528,000 after acquiring an additional 57,439 shares during the last quarter. Natixis Advisors LLC lifted its stake in Bank OZK by 20.7% in the third quarter. Natixis Advisors LLC now owns 19,228 shares of the company’s stock worth $827,000 after purchasing an additional 3,303 shares during the last quarter. Victory Capital Management Inc. boosted its position in Bank OZK by 34.8% during the third quarter. Victory Capital Management Inc. now owns 1,321,436 shares of the company’s stock valued at $56,809,000 after buying an additional 341,078 shares during the period. GSA Capital Partners LLP grew its stake in shares of Bank OZK by 44.1% during the third quarter. GSA Capital Partners LLP now owns 44,312 shares of the company’s stock valued at $1,905,000 after buying an additional 13,569 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Bank OZK by 424.8% in the third quarter. Venturi Wealth Management LLC now owns 1,590 shares of the company’s stock worth $68,000 after buying an additional 1,287 shares during the period. 86.18% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Truist Financial reduced their price target on Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a research report on Monday, October 21st. Stephens increased their price target on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Morgan Stanley upped their price objective on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Piper Sandler raised their target price on Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, Raymond James lowered Bank OZK from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $48.50.

Bank OZK Stock Performance

Shares of OZK stock opened at $49.33 on Monday. The company’s fifty day moving average price is $44.45 and its 200-day moving average price is $43.25. The stock has a market cap of $5.60 billion, a PE ratio of 8.11 and a beta of 1.16. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. Bank OZK has a 12 month low of $37.43 and a 12 month high of $52.36.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings data on Thursday, October 17th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.02. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%. The business had revenue of $423.00 million for the quarter, compared to analysts’ expectations of $419.08 million. On average, equities analysts expect that Bank OZK will post 6.03 EPS for the current fiscal year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 11th were paid a $0.41 dividend. This is a boost from Bank OZK’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend was Friday, October 11th. Bank OZK’s dividend payout ratio is currently 26.97%.

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.