Quantbot Technologies LP Cuts Stock Holdings in Bank OZK $OZK

Key Points

• Quantbot Technologies LP reduced its stake in Bank OZK by 6.4%, owning 205,926 shares after selling 14,017 shares during the first quarter.
• Bank OZK's recent quarterly earnings showed an EPS of $1.58, surpassing expectations, and the company also increased its quarterly dividend to $0.44.
• Analysts have mixed ratings for Bank OZK, with six hold ratings and two buy ratings, and an average target price of $52.88.

Quantbot Technologies LP reduced its position in shares of Bank OZK (NASDAQ:OZK - Free Report) by 6.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 205,926 shares of the company's stock after selling 14,017 shares during the period. Quantbot Technologies LP owned 0.18% of Bank OZK worth $8,947,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of OZK. CX Institutional purchased a new stake in shares of Bank OZK in the first quarter valued at approximately $30,000. Summit Securities Group LLC purchased a new stake in shares of Bank OZK in the first quarter valued at approximately $32,000. Bruce G. Allen Investments LLC grew its position in shares of Bank OZK by 4,828.6% in the first quarter. Bruce G. Allen Investments LLC now owns 1,035 shares of the company's stock valued at $45,000 after purchasing an additional 1,014 shares in the last quarter. Brooklyn Investment Group grew its position in shares of Bank OZK by 1,114.3% in the first quarter. Brooklyn Investment Group now owns 1,105 shares of the company's stock valued at $48,000 after purchasing an additional 1,014 shares in the last quarter. Finally, UMB Bank n.a. grew its position in shares of Bank OZK by 2,014.3% in the first quarter. UMB Bank n.a. now owns 1,480 shares of the company's stock valued at $64,000 after purchasing an additional 1,410 shares in the last quarter. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OZK has been the subject of a number of analyst reports. 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 report on Tuesday, July 8th. Keefe, Bruyette & Woods dropped their price target 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. Stephens dropped their price target 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. Finally, Wells Fargo & Company upped their price objective on Bank OZK from $48.00 to $49.00 and gave the company an "equal weight" rating in a report on Monday, July 21st. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Bank OZK currently has an average rating of "Hold" and an average target price of $52.88.

Bank OZK Trading Down 1.9%

OZK opened at $49.32 on Monday. Bank OZK has a one year low of $35.71 and a one year high of $53.64. The stock has a market capitalization of $5.61 billion, a PE ratio of 8.01 and a beta of 0.86. The business's 50 day moving average price is $48.95 and its 200 day moving average price is $46.37. 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 released its quarterly earnings data on Thursday, July 17th. The company reported $1.58 EPS for the quarter, beating 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 firm had revenue of $428.04 million for the quarter, compared to analysts' expectations of $423.41 million. During the same period in the prior year, the firm posted $1.52 earnings per share. As a group, equities research analysts expect that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Friday, July 11th were paid a $0.44 dividend. The ex-dividend date was Friday, July 11th. This is an increase from Bank OZK's previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a dividend yield of 3.6%. Bank OZK's payout ratio is 28.57%.

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.

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