Sivia Capital Partners LLC Invests $245,000 in Bank OZK $OZK

Key Points

• Sivia Capital Partners LLC has acquired 5,205 shares of Bank OZK, totaling approximately $245,000, according to their latest SEC filing.
• Bank OZK has increased its quarterly dividend to $0.44 per share, raising its annualized yield to 3.3%.
• Analysts have given Bank OZK an average rating of "Hold", with a consensus price target of $54.25, reflecting mixed sentiments among research firms.

Sivia Capital Partners LLC acquired a new position in Bank OZK (NASDAQ:OZK - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,205 shares of the company's stock, valued at approximately $245,000.

Several other large investors also recently made changes to their positions in OZK. CX Institutional acquired a new stake in shares of Bank OZK in the first quarter worth $30,000. Summit Securities Group LLC acquired a new stake in shares of Bank OZK in the first quarter worth $32,000. Bruce G. Allen Investments LLC increased 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 worth $45,000 after acquiring an additional 1,014 shares in the last quarter. Brooklyn Investment Group grew its holdings in Bank OZK by 1,114.3% during the 1st 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, Parallel Advisors LLC grew its holdings in Bank OZK by 70.8% during the 2nd quarter. Parallel Advisors LLC now owns 1,124 shares of the company's stock valued at $53,000 after purchasing an additional 466 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company's stock.

Bank OZK Stock Down 1.0%

NASDAQ OZK traded down $0.53 during trading hours on Friday, reaching $52.60. 2,417,980 shares of the company traded hands, compared to its average volume of 792,547. Bank OZK has a 12 month low of $35.71 and a 12 month high of $53.66. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $5.98 billion, a PE ratio of 8.54 and a beta of 0.92. The company has a 50 day moving average of $51.06 and a two-hundred day moving average of $46.75.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted 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 net margin of 25.83% and a return on equity of 13.24%. The firm had revenue of $428.04 million for the quarter, compared to the consensus estimate of $423.41 million. During the same period in the prior year, the firm posted $1.52 EPS. As a group, equities analysts expect that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Friday, July 11th were paid a dividend of $0.44 per share. This is a positive change from Bank OZK's previous quarterly dividend of $0.43. The ex-dividend date was Friday, July 11th. This represents a $1.76 dividend on an annualized basis and a yield of 3.3%. Bank OZK's payout ratio is currently 28.57%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on OZK shares. Raymond James Financial raised shares of Bank OZK from a "market perform" rating to an "outperform" rating and set a $58.00 price target for the company in a report on Tuesday, July 8th. Stephens raised shares of Bank OZK from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $58.00 to $65.00 in a report on Wednesday, August 20th. Finally, Wells Fargo & Company raised their price target on shares of Bank OZK from $48.00 to $49.00 and gave the company an "equal weight" rating in a report on Monday, July 21st. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Bank OZK presently has a consensus rating of "Hold" and an average target price of $54.25.

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.