Bank OZK (NASDAQ:OZK) Stock Holdings Increased by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP increased its holdings in Bank OZK by 52.2% during the first quarter, bringing their total shares to 30,001, valued at approximately $1.3 million.
• Wall Street analysts have mixed views on Bank OZK, with target price changes from various firms, including a reduction by Stephens from $59 to $54, while Raymond James upgraded their rating to "outperform" with a target of $58.
• Bank OZK recently announced a quarterly dividend increase to $0.44 per share, representing an annual dividend yield of 3.53% and a payout ratio of 28.57%.

GSA Capital Partners LLP raised its position in Bank OZK (NASDAQ:OZK - Free Report) by 52.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,001 shares of the company's stock after purchasing an additional 10,286 shares during the quarter. GSA Capital Partners LLP's holdings in Bank OZK were worth $1,304,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. O Shaughnessy Asset Management LLC lifted its position in Bank OZK by 1.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 11,184 shares of the company's stock valued at $498,000 after buying an additional 193 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Bank OZK by 1.0% in the 4th quarter. Tidal Investments LLC now owns 21,575 shares of the company's stock valued at $961,000 after acquiring an additional 205 shares during the period. Bank of Montreal Can boosted its position in Bank OZK by 0.5% during 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 period. Louisiana State Employees Retirement System increased its holdings 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 valued at $1,286,000 after purchasing an additional 300 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in Bank OZK by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 12,359 shares of the company's stock valued at $536,000 after purchasing an additional 330 shares during the period. 86.18% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports 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. Wells Fargo & Company boosted 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. Keefe, Bruyette & Woods dropped 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 note on Tuesday, April 22nd. Finally, Stephens cut their price objective on shares of Bank OZK from $59.00 to $54.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $52.88.

Bank OZK Stock Up 0.6%

Shares of OZK stock traded up $0.27 during trading hours on Monday, hitting $48.09. 459,053 shares of the company were exchanged, compared to its average volume of 1,205,623. The stock has a market capitalization of $5.47 billion, a price-to-earnings ratio of 7.81 and a beta of 0.86. Bank OZK has a one year low of $35.71 and a one year high of $53.64. The business's 50-day simple moving average is $48.15 and its two-hundred day simple moving average is $46.50. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.02 and a current ratio of 1.04.

Bank OZK (NASDAQ:OZK - Get Free Report) last issued its 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 return on equity of 13.24% and a net margin of 25.83%. The company had revenue of $428.04 million during the quarter, compared to analyst estimates of $423.41 million. During the same quarter last year, the firm earned $1.52 EPS. Sell-side analysts predict that Bank OZK will post 6.02 EPS for the current fiscal 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 3.7%. 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%.

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.