GSA Capital Partners LLP Has $1.30 Million Position in Bank OZK (NASDAQ:OZK)

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 boosted its position in Bank OZK (NASDAQ:OZK - Free Report) by 52.2% in the 1st quarter, according to its most recent 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 reporting period.

Several other institutional investors have also added to or reduced their stakes in OZK. Norges Bank bought a new stake in Bank OZK in the 4th quarter valued at $53,114,000. Wasatch Advisors LP lifted its position in shares of Bank OZK by 19.3% during the 4th quarter. Wasatch Advisors LP now owns 7,102,657 shares of the company's stock valued at $316,281,000 after acquiring an additional 1,149,880 shares during the period. First Trust Advisors LP lifted its position in shares of Bank OZK by 30.4% during the 4th quarter. First Trust Advisors LP now owns 2,945,480 shares of the company's stock valued at $131,162,000 after acquiring an additional 686,775 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Bank OZK during the 4th quarter valued at $14,077,000. Finally, AQR Capital Management LLC lifted its position in shares of Bank OZK by 12.6% during the 4th quarter. AQR Capital Management LLC now owns 2,811,354 shares of the company's stock valued at $125,190,000 after acquiring an additional 314,488 shares during the period. 86.18% of the stock is currently owned by institutional investors.

Bank OZK Price Performance

Shares of Bank OZK stock traded down $1.48 during trading on Friday, reaching $47.82. 1,120,849 shares of the company's stock were exchanged, compared to its average volume of 1,150,474. 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 has a 1-year low of $35.71 and a 1-year high of $53.64. The company has a market cap of $5.44 billion, a P/E ratio of 7.76 and a beta of 0.86. The firm's 50-day moving average price is $48.15 and its 200 day moving average price is $46.49.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $1.58 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $423.41 million. During the same quarter in the previous year, the firm earned $1.52 EPS. As a group, research analysts anticipate that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The company 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 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. This is a boost from Bank OZK's previous quarterly dividend of $0.43. Bank OZK's payout ratio is currently 28.57%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Wells Fargo & Company upped their target price on Bank OZK from $48.00 to $49.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Stephens cut their target price on Bank OZK from $59.00 to $54.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. 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 report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods cut their target price on Bank OZK from $50.00 to $48.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus 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.