R Squared Ltd Invests $149,000 in Bank OZK (NASDAQ:OZK)

R Squared Ltd acquired a new stake in shares of Bank OZK (NASDAQ:OZK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,340 shares of the company’s stock, valued at approximately $149,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Bank OZK by 7.3% during the 3rd quarter. State Street Corp now owns 7,106,907 shares of the company’s stock valued at $305,526,000 after buying an additional 485,172 shares during the period. Wellington Management Group LLP lifted its holdings in Bank OZK by 32.7% in the third quarter. Wellington Management Group LLP now owns 4,223,452 shares of the company’s stock valued at $181,566,000 after acquiring an additional 1,041,198 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Bank OZK by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,941,431 shares of the company’s stock worth $169,442,000 after purchasing an additional 112,648 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Bank OZK by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,022,979 shares of the company’s stock valued at $86,989,000 after purchasing an additional 126,352 shares during the period. Finally, Captrust Financial Advisors increased its position 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 valued at $73,034,000 after purchasing an additional 942,309 shares during the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on OZK. Stephens boosted their target price on shares of Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. Wells Fargo & Company raised shares of Bank OZK from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $40.00 to $48.00 in a research report on Tuesday, January 21st. Piper Sandler raised their target price on Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. UBS Group assumed coverage on Bank OZK in a report on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price target for the company. Finally, Truist Financial decreased their price objective on Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Bank OZK currently has a consensus rating of “Hold” and a consensus price target of $50.00.

Bank OZK Stock Down 0.8 %

Shares of OZK opened at $50.50 on Thursday. Bank OZK has a 12-month low of $37.43 and a 12-month high of $51.52. The business’s 50 day moving average is $46.84 and its 200 day moving average is $44.74. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $5.73 billion, a PE ratio of 8.22 and a beta of 1.20.

Bank OZK (NASDAQ:OZK) last posted its earnings results on Thursday, January 16th. The company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.12. The company had revenue of $412.34 million for the quarter, compared to the consensus estimate of $407.19 million. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.50 earnings per share. Research analysts expect that Bank OZK will post 5.97 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 14th were issued a $0.42 dividend. The ex-dividend date of this dividend was Tuesday, January 14th. This is an increase from Bank OZK’s previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.33%. Bank OZK’s payout ratio is 27.36%.

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.