Bank OZK (NASDAQ:OZK) Shares Acquired by XTX Topco Ltd

Key Points

• XTX Topco Ltd increased its stake in Bank OZK by 100.2%, bringing its total shares to 20,411, valued at approximately $887,000.
• Several other institutional investors also raised their positions in Bank OZK, resulting in 86.18% of the company's stock being owned by institutional investors and hedge funds.
• Bank OZK announced a quarterly dividend of $0.44, marking an increase from the previous dividend of $0.43, with an annualized yield of 3.7%.

XTX Topco Ltd lifted its position in shares of Bank OZK (NASDAQ:OZK - Free Report) by 100.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,411 shares of the company's stock after buying an additional 10,216 shares during the period. XTX Topco Ltd's holdings in Bank OZK were worth $887,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. GSA Capital Partners LLP grew its stake in shares of Bank OZK by 52.2% during the first quarter. GSA Capital Partners LLP now owns 30,001 shares of the company's stock valued at $1,304,000 after acquiring an additional 10,286 shares in the last quarter. Wincap Financial LLC grew its stake in shares of Bank OZK by 28.5% during the first quarter. Wincap Financial LLC now owns 17,091 shares of the company's stock valued at $743,000 after acquiring an additional 3,786 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in shares of Bank OZK during the first quarter valued at about $1,491,000. Ridgewood Investments LLC acquired a new stake in shares of Bank OZK during the first quarter valued at about $147,000. Finally, LPL Financial LLC grew its stake in shares of Bank OZK by 7.0% during the first quarter. LPL Financial LLC now owns 387,492 shares of the company's stock valued at $16,837,000 after acquiring an additional 25,297 shares in the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Bank OZK Stock Performance

NASDAQ OZK traded up $0.64 during trading hours on Friday, reaching $48.04. The company's stock had a trading volume of 688,492 shares, compared to its average volume of 1,203,347. 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 business has a 50-day simple moving average of $48.41 and a 200 day simple moving average of $46.50. Bank OZK has a 52 week low of $35.71 and a 52 week high of $53.64. The stock has a market cap of $5.46 billion, a PE ratio of 7.80 and a beta of 0.86.

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

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Friday, July 11th were issued a $0.44 dividend. This is an increase from Bank OZK's previous quarterly dividend of $0.43. This represents a $1.76 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Friday, July 11th. Bank OZK's dividend payout ratio is 28.57%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Raymond James Financial upgraded Bank OZK from a "market perform" rating to an "outperform" rating and set a $58.00 target price for the company in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods reduced their price target on shares of 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. Wells Fargo & Company increased their price target 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. Finally, Stephens reduced their price target on shares of Bank OZK from $59.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Monday, April 21st. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $52.88.

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.