Bank OZK (NASDAQ:OZK) Holdings Lifted by Virtu Financial LLC

Key Points

• Virtu Financial LLC significantly increased its stake in Bank OZK by 332.2% during the first quarter, owning nearly 28,000 shares valued at over $1.2 million.
• Analysts have mixed ratings for Bank OZK, with a consensus rating of "Hold" and a price target averaging around $52.88.
• Bank OZK recently announced a quarterly dividend increase to $0.44 per share, resulting in an annual yield of 3.7%.

Virtu Financial LLC grew its position in shares of Bank OZK (NASDAQ:OZK - Free Report) by 332.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,896 shares of the company's stock after buying an additional 21,441 shares during the period. Virtu Financial LLC's holdings in Bank OZK were worth $1,212,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of OZK. Wells Fargo & Company MN lifted its holdings in Bank OZK by 11.3% during the 4th quarter. Wells Fargo & Company MN now owns 78,014 shares of the company's stock worth $3,474,000 after buying an additional 7,945 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Bank OZK by 10.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 135,139 shares of the company's stock worth $6,018,000 after purchasing an additional 12,663 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of Bank OZK by 47.6% in the 4th quarter. Federated Hermes Inc. now owns 10,927 shares of the company's stock worth $487,000 after purchasing an additional 3,526 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of Bank OZK by 17.2% in the 4th quarter. Cerity Partners LLC now owns 60,590 shares of the company's stock worth $2,688,000 after purchasing an additional 8,873 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of Bank OZK by 0.5% in the 4th quarter. Bank of Montreal Can now owns 46,832 shares of the company's stock worth $2,085,000 after purchasing an additional 241 shares during the last quarter. Institutional investors own 86.18% of the company's stock.

Bank OZK Stock Performance

OZK traded up $1.14 during trading hours on Wednesday, hitting $50.64. The company's stock had a trading volume of 1,045,641 shares, compared to its average volume of 1,117,052. Bank OZK has a fifty-two week low of $35.71 and a fifty-two week high of $53.64. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $5.76 billion, a PE ratio of 8.22 and a beta of 0.86. The company has a 50-day simple moving average of $48.77 and a 200 day simple moving average of $46.45.

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

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Friday, July 11th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, July 11th. This is a positive change from Bank OZK's previous quarterly dividend of $0.43. Bank OZK's payout ratio is presently 28.57%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on OZK shares. Wells Fargo & Company raised their price target on Bank OZK from $48.00 to $49.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Raymond James Financial raised Bank OZK from a "market perform" rating to an "outperform" rating and set a $58.00 price target on the stock in a report on Tuesday, July 8th. Stephens cut their price target on Bank OZK from $59.00 to $54.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Finally, Keefe, Bruyette & Woods lowered their target price on Bank OZK from $50.00 to $48.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Bank OZK presently has an average rating of "Hold" and an average price target of $52.88.

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.