Point72 Hong Kong Ltd Takes Position in Bank OZK (NASDAQ:OZK)

Point72 Hong Kong Ltd acquired a new position in Bank OZK (NASDAQ:OZK) during the third quarter, Holdings Channel reports. The firm acquired 41,204 shares of the company’s stock, valued at approximately $1,771,000.

Several other large investors also recently added to or reduced their stakes in OZK. Edgestream Partners L.P. raised its stake in Bank OZK by 129.4% in the third quarter. Edgestream Partners L.P. now owns 161,291 shares of the company’s stock valued at $6,934,000 after purchasing an additional 90,977 shares in the last quarter. Verition Fund Management LLC increased its holdings in shares of Bank OZK by 68.6% in the 3rd quarter. Verition Fund Management LLC now owns 34,869 shares of the company’s stock worth $1,499,000 after buying an additional 14,189 shares during the last quarter. Captrust Financial Advisors raised 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 buying an additional 942,309 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Bank OZK by 2.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 298,222 shares of the company’s stock worth $12,821,000 after acquiring an additional 5,812 shares during the last quarter. Finally, De Lisle Partners LLP grew its position in Bank OZK by 37.5% in the third quarter. De Lisle Partners LLP now owns 44,000 shares of the company’s stock worth $1,892,000 after acquiring an additional 12,000 shares in the last quarter. Institutional investors own 86.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on OZK. Piper Sandler lifted their target price on shares of Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Morgan Stanley boosted their price objective on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Stephens increased 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, October 21st. Truist Financial cut their target price 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. Finally, Raymond James lowered Bank OZK from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $48.50.

Bank OZK Stock Up 0.1 %

Shares of NASDAQ:OZK opened at $49.97 on Monday. The firm has a market capitalization of $5.67 billion, a P/E ratio of 8.22 and a beta of 1.16. 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 50 day moving average price of $45.19 and a 200-day moving average price of $43.28. 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 quarterly earnings data on Thursday, October 17th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.02. The business had revenue of $423.00 million during 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%. As a group, equities research analysts anticipate that Bank OZK will post 6.03 EPS for the current fiscal year.

Bank OZK Increases Dividend

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