Trexquant Investment LP Has $3.33 Million Stock Position in Bank OZK $OZK

Key Points

• Trexquant Investment LP sold 80,318 shares of Bank OZK, reducing its holdings by 51.2% to own approximately 0.07% of the company's stock valued at $3,330,000.
• Research analysts have upgraded Bank OZK's ratings, with Stephens raising the target price from $58 to $65, indicating positive sentiment for the stock's future performance.
• Bank OZK recently increased its quarterly dividend to $0.44 per share, representing an annualized yield of 3.4%, highlighting a commitment to returning value to shareholders.

Trexquant Investment LP lowered its position in shares of Bank OZK (NASDAQ:OZK - Free Report) by 51.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,644 shares of the company's stock after selling 80,318 shares during the quarter. Trexquant Investment LP owned 0.07% of Bank OZK worth $3,330,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Tidal Investments LLC raised its holdings in shares of Bank OZK by 1.0% during the fourth 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. National Bank of Canada FI raised its holdings in shares of Bank OZK by 12.8% during the first quarter. National Bank of Canada FI now owns 1,960 shares of the company's stock valued at $85,000 after acquiring an additional 223 shares during the period. Louisiana State Employees Retirement System raised its holdings in shares of Bank OZK by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 29,600 shares of the company's stock valued at $1,286,000 after acquiring an additional 300 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Bank OZK by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 12,359 shares of the company's stock valued at $536,000 after acquiring an additional 330 shares during the period. Finally, Focus Partners Advisor Solutions LLC raised its holdings in shares of Bank OZK by 0.9% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 38,327 shares of the company's stock valued at $1,707,000 after acquiring an additional 347 shares during the period. Institutional investors and hedge funds own 86.18% of the company's stock.

Bank OZK Stock Down 1.1%

OZK traded down $0.58 on Friday, reaching $52.35. 746,295 shares of the company traded hands, compared to its average volume of 765,209. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $5.95 billion, a price-to-earnings ratio of 8.50 and a beta of 0.92. Bank OZK has a 52-week low of $35.71 and a 52-week high of $53.66. The stock's 50 day moving average price is $50.75 and its 200-day moving average price is $46.42.

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

Bank OZK Increases Dividend

The company 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 a positive change from Bank OZK's previous quarterly dividend of $0.43. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.4%. Bank OZK's dividend payout ratio is presently 28.57%.

Analyst Ratings Changes

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

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.