Bank OZK (NASDAQ:OZK) Shares Bought by Captrust Financial Advisors

Captrust Financial Advisors raised its holdings in Bank OZK (NASDAQ:OZK) by 124.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,698,856 shares of the company’s stock after acquiring an additional 942,309 shares during the period. Captrust Financial Advisors owned approximately 1.50% of Bank OZK worth $73,034,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in Bank OZK in the 2nd quarter valued at about $873,000. Alpha DNA Investment Management LLC acquired a new stake in Bank OZK in the 3rd quarter valued at about $529,000. D. E. Shaw & Co. Inc. raised its holdings in Bank OZK by 115.0% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 715,844 shares of the company’s stock valued at $29,350,000 after acquiring an additional 382,896 shares during the last quarter. M&G Plc raised its holdings in Bank OZK by 12.4% in the 2nd quarter. M&G Plc now owns 210,801 shares of the company’s stock valued at $8,643,000 after acquiring an additional 23,309 shares during the last quarter. Finally, Artemis Investment Management LLP acquired a new stake in Bank OZK in the 2nd quarter valued at about $3,623,000. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Stock Performance

NASDAQ:OZK opened at $49.94 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $5.67 billion, a P/E ratio of 8.21 and a beta of 1.16. The company has a 50 day moving average price of $45.04 and a 200 day moving average price of $43.35. Bank OZK has a fifty-two week low of $37.43 and a fifty-two week high of $52.36.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Thursday, October 17th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.53 by $0.02. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%. The company had revenue of $423.00 million during the quarter, compared to analysts’ expectations of $419.08 million. Equities research analysts forecast that Bank OZK will post 6.03 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 11th were given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.28%. The ex-dividend date was Friday, October 11th. This is a boost from Bank OZK’s previous quarterly dividend of $0.40. Bank OZK’s dividend payout ratio (DPR) is currently 26.97%.

Wall Street Analysts Forecast Growth

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

Bank OZK 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.