GSA Capital Partners LLP Purchases 13,569 Shares of Bank OZK (NASDAQ:OZK)

GSA Capital Partners LLP boosted its position in shares of Bank OZK (NASDAQ:OZK) by 44.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,312 shares of the company’s stock after buying an additional 13,569 shares during the period. GSA Capital Partners LLP’s holdings in Bank OZK were worth $1,905,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OZK. PSI Advisors LLC lifted its stake in shares of Bank OZK by 20,933.3% in the 2nd quarter. PSI Advisors LLC now owns 631 shares of the company’s stock valued at $26,000 after purchasing an additional 628 shares during the last quarter. LRI Investments LLC bought a new stake in shares of Bank OZK in the 1st quarter valued at approximately $29,000. Versant Capital Management Inc lifted its stake in shares of Bank OZK by 423.0% in the 2nd quarter. Versant Capital Management Inc now owns 978 shares of the company’s stock valued at $40,000 after purchasing an additional 791 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Bank OZK by 73.8% in the 3rd quarter. Assetmark Inc. now owns 968 shares of the company’s stock valued at $42,000 after purchasing an additional 411 shares during the last quarter. Finally, American National Bank & Trust bought a new stake in shares of Bank OZK in the 3rd quarter valued at approximately $44,000. 86.18% of the stock is owned by institutional investors.

Bank OZK Trading Down 0.8 %

OZK opened at $48.19 on Wednesday. The stock’s fifty day moving average is $43.22 and its two-hundred day moving average is $43.11. The company has a market capitalization of $5.47 billion, a P/E ratio of 7.93 and a beta of 1.16. Bank OZK has a 52 week low of $36.99 and a 52 week high of $52.36. 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 (NASDAQ:OZK) last released its quarterly earnings data on Thursday, October 17th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.53 by $0.02. The company had revenue of $423.00 million for the quarter, compared to the consensus estimate of $419.08 million. Bank OZK had a return on equity of 14.15% and a net margin of 26.07%. Analysts forecast that Bank OZK will post 6.03 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 11th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend 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 26.97%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on OZK. Stephens increased their price target on Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Piper Sandler increased their price target on Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. StockNews.com upgraded Bank OZK from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Morgan Stanley increased their price target on Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Finally, 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 report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to MarketBeat, Bank OZK has an average rating of “Hold” and an average target price of $48.50.

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.