XTX Topco Ltd Has $404,000 Stake in Bank OZK (NASDAQ:OZK)

XTX Topco Ltd lowered its position in Bank OZK (NASDAQ:OZK) by 28.8% in the third quarter, HoldingsChannel.com reports. The fund owned 9,399 shares of the company’s stock after selling 3,799 shares during the quarter. XTX Topco Ltd’s holdings in Bank OZK were worth $404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Verition Fund Management LLC lifted its holdings in Bank OZK by 68.6% during the 3rd quarter. Verition Fund Management LLC now owns 34,869 shares of the company’s stock valued at $1,499,000 after purchasing an additional 14,189 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of Bank OZK by 112.8% during the 3rd quarter. Cerity Partners LLC now owns 51,717 shares of the company’s stock worth $2,223,000 after buying an additional 27,409 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of Bank OZK by 124.6% during the 3rd quarter. Captrust Financial Advisors now owns 1,698,856 shares of the company’s stock worth $73,034,000 after buying an additional 942,309 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Bank OZK during the 2nd quarter worth about $873,000. Finally, Alpha DNA Investment Management LLC acquired a new position in Bank OZK in the 3rd quarter valued at about $529,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OZK has been the subject of several research reports. Raymond James downgraded shares of Bank OZK from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. Piper Sandler boosted their price target on Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Wells Fargo & Company increased their price objective on Bank OZK from $35.00 to $40.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 3rd. Truist Financial reduced their target price on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a research report on Monday, October 21st. Finally, Stephens raised their price target on shares of Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Bank OZK currently has an average rating of “Hold” and an average target price of $49.13.

Bank OZK Price Performance

OZK stock opened at $46.79 on Monday. The company’s 50-day moving average price is $46.33 and its two-hundred day moving average price is $43.35. The firm has a market cap of $5.31 billion, a P/E ratio of 7.70 and a beta of 1.18. The company has a quick ratio of 1.02, a current 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 issued its quarterly earnings results on Thursday, October 17th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.02. Bank OZK had a return on equity of 14.15% and a net margin of 26.07%. The company had revenue of $423.00 million for the quarter, compared to analyst estimates of $419.08 million. On average, analysts anticipate that Bank OZK will post 6.03 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 11th were paid a dividend of $0.41 per share. This is an increase from Bank OZK’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, October 11th. This represents a $1.64 annualized dividend and a yield of 3.51%. Bank OZK’s payout ratio is presently 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.