Bank OZK (NASDAQ:OZK) Stake Increased by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in Bank OZK (NASDAQ:OZK) by 34.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,321,436 shares of the company’s stock after acquiring an additional 341,078 shares during the period. Victory Capital Management Inc. owned 1.16% of Bank OZK worth $56,809,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

OZK has been the topic of several research reports. Piper Sandler upped their price target on Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. 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. Truist Financial lowered their price objective 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. Morgan Stanley raised their target price 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. Finally, Raymond James downgraded Bank OZK from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. Two research 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’s stock. According to MarketBeat.com, Bank OZK presently has a consensus rating of “Hold” and an average price target of $48.50.

Bank OZK Price Performance

Shares of NASDAQ:OZK opened at $47.77 on Friday. The firm’s 50 day moving average is $43.34 and its two-hundred day moving average is $43.15. The firm has a market capitalization of $5.42 billion, a P/E ratio of 7.86 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 52 week low of $37.43 and a 52 week high of $52.36.

Bank OZK (NASDAQ:OZK) last posted its 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 return on equity of 14.15% and a net margin of 26.07%. The firm had revenue of $423.00 million for the quarter, compared to analysts’ expectations of $419.08 million. Analysts anticipate that Bank OZK will post 6.03 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 11th were issued a $0.41 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.64 annualized dividend and a yield of 3.43%. This is an increase from Bank OZK’s previous quarterly dividend of $0.40. Bank OZK’s dividend payout ratio is presently 26.97%.

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.