Engineers Gate Manager LP Sells 69,621 Shares of Bank OZK $OZK

Key Points

• Engineers Gate Manager LP cut its Bank OZK stake by 79.9% in the second quarter, selling 69,621 shares and retaining 17,540 shares valued at approximately $914,000. Institutional investors collectively own 86.18% of the company.
• Bank OZK reported quarterly EPS of $1.49, slightly exceeding estimates, while revenue reached $430.02 million. The company also authorized a $200 million share buyback and raised its quarterly dividend to $0.48, implying a 4.0% annual yield.
• Analyst sentiment is mixed: the consensus rating is “Hold” with a $56.88 price target, while Zacks issued a “Strong Sell” rating and reduced several longer-term earnings estimates.

Engineers Gate Manager LP lessened its position in Bank OZK (NASDAQ:OZK - Free Report) by 79.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,540 shares of the company's stock after selling 69,621 shares during the quarter. Engineers Gate Manager LP's holdings in Bank OZK were worth $914,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the business. Bank of America Corp DE lifted its position in Bank OZK by 33.0% in the 1st quarter. Bank of America Corp DE now owns 774,253 shares of the company's stock valued at $35,530,000 after acquiring an additional 192,237 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Bank OZK by 2,971.0% in the first quarter. Fifth Third Bancorp now owns 33,627 shares of the company's stock worth $1,543,000 after buying an additional 32,532 shares during the last quarter. California Public Employees Retirement System grew its position in shares of Bank OZK by 11.8% during the 1st quarter. California Public Employees Retirement System now owns 231,654 shares of the company's stock valued at $10,631,000 after acquiring an additional 24,485 shares during the period. Bank of New York Mellon Corp purchased a new stake in Bank OZK in the second quarter worth about $63,410,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Bank OZK in the 2nd quarter worth approximately $1,640,000. Institutional investors own 86.18% of the company's stock.

Bank OZK Stock Performance

Shares of OZK stock opened at $47.88 on Friday. The business's 50 day moving average is $50.37 and its two-hundred day moving average is $48.78. Bank OZK has a 12-month low of $42.37 and a 12-month high of $53.41. The company has a market capitalization of $5.36 billion, a P/E ratio of 7.91 and a beta of 0.88. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.48 by $0.01. The firm had revenue of $430.02 million during the quarter, compared to analysts' expectations of $436.42 million. Bank OZK had a return on equity of 11.87% and a net margin of 24.95%.The business's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the firm earned $1.47 earnings per share. Analysts expect that Bank OZK will post 5.83 EPS for the current fiscal year.

Bank OZK announced that its board has approved a share buyback program on Monday, June 29th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 3.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Monday, July 13th were given a $0.48 dividend. The ex-dividend date of this dividend was Monday, July 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.0%. This is a boost from Bank OZK's previous quarterly dividend of $0.47. Bank OZK's payout ratio is currently 31.74%.

Key Headlines Impacting Bank OZK

Here are the key news stories impacting Bank OZK this week:

• Positive Sentiment: Zacks raised its Q3 2026 EPS estimate to $1.44 from $1.43, FY2026 EPS to $5.82 from $5.81, Q3 2027 EPS to $1.61 from $1.54, and Q1 2028 EPS to $1.73 from $1.67. These increases suggest somewhat better expected earnings in several periods.
• Neutral Sentiment: The $5.82 FY2026 forecast remains close to the broader consensus estimate of $5.83. However, the estimate changes are analyst revisions rather than new company guidance, so their immediate effect may be limited.
• Negative Sentiment: Zacks added Bank OZK to its Rank #5 “Strong Sell” list, a prominent negative signal that may weigh on investor sentiment. New Strong Sell Stocks for September 17th
• Negative Sentiment: Zacks lowered its estimates for Q1 2027 EPS to $1.44 from $1.47, Q2 2027 EPS to $1.48 from $1.56, Q4 2027 EPS to $1.55 from $1.60, FY2027 EPS to $6.09 from $6.18, Q2 2028 EPS to $1.74 from $2.01, and FY2028 EPS to $7.32 from $7.78. The broad downward revisions point to weaker expected earnings growth beyond 2026.

Analyst Ratings Changes

Several analysts recently issued reports on OZK shares. Piper Sandler reiterated an "overweight" rating and set a $61.00 target price on shares of Bank OZK in a research report on Wednesday, July 22nd. Wells Fargo & Company increased their price target on shares of Bank OZK from $52.00 to $56.00 and gave the company an "equal weight" rating in a report on Monday, August 10th. Zacks Research cut shares of Bank OZK from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 13th. Weiss Ratings upgraded Bank OZK from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, June 23rd. Finally, TD Cowen reduced their price target on shares of Bank OZK from $53.00 to $52.00 and set a "hold" rating on the stock in a research note on Friday, July 24th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Bank OZK presently has a consensus rating of "Hold" and a consensus price target of $56.88.

Bank OZK Profile

Bank OZK is a regional financial institution headquartered in Little Rock, Arkansas. The company provides banking services to individuals, businesses and institutions through a network of banking offices concentrated in the Southeastern United States and select markets, including New York and California.

Its products and services include checking and savings accounts, certificates of deposit, residential and commercial real estate loans, consumer lending, commercial and industrial financing, treasury management and other business banking solutions.

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