13,425 Shares in Bank OZK $OZK Purchased by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd has acquired 13,425 shares of Bank OZK, worth approximately $583,000, in the first quarter.
• Bank OZK's quarterly earnings report showed an EPS of $1.58, exceeding expectations, along with a dividend increase to $0.44 per share.
• Analysts have upgraded Bank OZK, with target prices ranging from $49.00 to $65.00, while the stock currently has a consensus rating of "Hold."

Dynamic Technology Lab Private Ltd purchased a new position in Bank OZK (NASDAQ:OZK - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 13,425 shares of the company's stock, valued at approximately $583,000.

Several other large investors have also bought and sold shares of OZK. CX Institutional bought a new stake in Bank OZK in the first quarter worth about $30,000. Summit Securities Group LLC bought a new stake in Bank OZK during the first quarter worth approximately $32,000. Bruce G. Allen Investments LLC grew its position in Bank OZK by 4,828.6% in the first quarter. Bruce G. Allen Investments LLC now owns 1,035 shares of the company's stock worth $45,000 after buying an additional 1,014 shares during the last quarter. Brooklyn Investment Group increased its holdings in shares of Bank OZK by 1,114.3% in the first quarter. Brooklyn Investment Group now owns 1,105 shares of the company's stock valued at $48,000 after buying an additional 1,014 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in shares of Bank OZK by 2,014.3% during the 1st quarter. UMB Bank n.a. now owns 1,480 shares of the company's stock valued at $64,000 after acquiring an additional 1,410 shares during the last quarter. Institutional investors own 86.18% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on OZK. Stephens upgraded Bank OZK from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $58.00 to $65.00 in a research report on Wednesday, August 20th. Raymond James Financial upgraded shares of Bank OZK from a "market perform" rating to an "outperform" rating and set a $58.00 target price for the company in a report on Tuesday, July 8th. Finally, Wells Fargo & Company lifted their target price on shares of Bank OZK from $48.00 to $49.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Bank OZK presently has a consensus rating of "Hold" and a consensus target price of $54.25.

Bank OZK Trading Up 0.5%

NASDAQ:OZK opened at $52.25 on Thursday. The stock has a market cap of $5.94 billion, a PE ratio of 8.48 and a beta of 0.92. Bank OZK has a fifty-two week low of $35.71 and a fifty-two week high of $53.66. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 1.04. The stock's 50-day moving average is $50.94 and its two-hundred day moving average is $46.51.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.51 by $0.07. Bank OZK had a net margin of 25.83% and a return on equity of 13.24%. The business had revenue of $428.04 million during the quarter, compared to analysts' expectations of $423.41 million. During the same period last year, the company posted $1.52 earnings per share. As a group, equities research analysts forecast that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Friday, July 11th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.4%. This is a boost from Bank OZK's previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, July 11th. Bank OZK's dividend payout ratio (DPR) is currently 28.57%.

Bank OZK Company 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.

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