45,096 Shares in Bank OZK $OZK Acquired by Caxton Associates LLP

Key Points

• Caxton Associates LLP has acquired a new stake in Bank OZK, purchasing 45,096 shares valued at approximately $1.96 million during the first quarter.
• Bank OZK recently increased its quarterly dividend to $0.44, reflecting a dividend yield of 3.4%, up from the previous $0.43.
• Multiple research analysts have upgraded Bank OZK's stock ratings, with price targets set as high as $65.00, indicating growing confidence in the company's performance.

Caxton Associates LLP purchased a new stake in Bank OZK (NASDAQ:OZK - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 45,096 shares of the company's stock, valued at approximately $1,959,000.

Several other large investors have also added to or reduced their stakes in the stock. Tidal Investments LLC boosted its holdings in shares of Bank OZK by 1.0% during the 4th quarter. Tidal Investments LLC now owns 21,575 shares of the company's stock valued at $961,000 after buying an additional 205 shares in the last quarter. National Bank of Canada FI raised its position in shares of Bank OZK by 12.8% in the 1st quarter. National Bank of Canada FI now owns 1,960 shares of the company's stock worth $85,000 after purchasing an additional 223 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Bank OZK by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 29,600 shares of the company's stock worth $1,286,000 after buying an additional 300 shares during the last quarter. State of Alaska Department of Revenue raised its position in Bank OZK by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 12,359 shares of the company's stock worth $536,000 after buying an additional 330 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC raised its position in Bank OZK by 0.9% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 38,327 shares of the company's stock worth $1,707,000 after buying an additional 347 shares during the last quarter. Institutional investors own 86.18% of the company's stock.

Wall Street Analyst Weigh In

OZK has been the subject of a number of recent analyst reports. Stephens raised Bank OZK from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $58.00 to $65.00 in a research report on Wednesday, August 20th. Wells Fargo & Company boosted their price target on Bank OZK from $48.00 to $49.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Finally, Raymond James Financial upgraded Bank OZK from a "market perform" rating to an "outperform" rating and set a $58.00 price target for the company in a research note on Tuesday, July 8th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $54.25.

Bank OZK Stock Performance

Shares of NASDAQ:OZK traded down $0.31 during mid-day trading on Friday, reaching $52.19. 470,019 shares of the company traded hands, compared to its average volume of 719,626. The company's 50 day moving average price is $50.99 and its 200-day moving average price is $46.56. The firm has a market cap of $5.94 billion, a PE ratio of 8.47 and a beta of 0.92. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 1.04. Bank OZK has a 52 week low of $35.71 and a 52 week high of $53.66.

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

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Friday, July 11th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.4%. This is a positive change from Bank OZK's previous quarterly dividend of $0.43. The ex-dividend date was Friday, July 11th. Bank OZK's dividend payout ratio is 28.57%.

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.