Victory Capital Management Inc. Buys 24,752 Shares of Bank OZK $OZK

Key Points

• Victory Capital Management boosted its stake in Bank OZK by 7.6%, purchasing 24,752 shares to own 350,354 shares (about 0.31% of the company) valued at $17.86 million at quarter-end.
• Analysts are mixed but neutral overall — five Buy, five Hold and one Sell — giving an average rating of "Hold" and an average price target of $57.22.
• Bank OZK reported quarterly EPS of $1.53 (missing by $0.03) on $436.29M revenue, raised its quarterly dividend to $0.46 (annualized $1.84, ~4.1% yield), and the stock trades at a P/E of about 7.2 with a market cap near $5.0 billion.

Victory Capital Management Inc. boosted its stake in shares of Bank OZK (NASDAQ:OZK - Free Report) by 7.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 350,354 shares of the company's stock after purchasing an additional 24,752 shares during the quarter. Victory Capital Management Inc. owned about 0.31% of Bank OZK worth $17,861,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OZK. Root Financial Partners LLC bought a new position in shares of Bank OZK in the third quarter valued at approximately $27,000. Highline Wealth Partners LLC acquired a new position in Bank OZK in the 3rd quarter valued at $28,000. True Wealth Design LLC lifted its position in Bank OZK by 147.0% during the 3rd quarter. True Wealth Design LLC now owns 568 shares of the company's stock worth $29,000 after acquiring an additional 338 shares during the last quarter. AdvisorNet Financial Inc lifted its position in Bank OZK by 82.2% during the 3rd quarter. AdvisorNet Financial Inc now owns 665 shares of the company's stock worth $34,000 after acquiring an additional 300 shares during the last quarter. Finally, Quent Capital LLC bought a new stake in Bank OZK during the third quarter valued at about $35,000. Institutional investors and hedge funds own 86.18% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Zacks Research raised Bank OZK from a "strong sell" rating to a "hold" rating in a research report on Wednesday, January 7th. Citigroup reaffirmed a "sell" rating on shares of Bank OZK in a research report on Monday, January 5th. Wall Street Zen raised Bank OZK from a "sell" rating to a "hold" rating in a research report on Saturday, January 3rd. Piper Sandler set a $62.00 target price on shares of Bank OZK in a research report on Thursday, January 22nd. Finally, UBS Group reiterated a "neutral" rating and set a $51.00 target price on shares of Bank OZK in a research note on Tuesday, January 6th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $57.22.

Bank OZK Trading Down 0.6%

Bank OZK stock opened at $44.50 on Wednesday. The business has a 50 day moving average price of $47.97 and a two-hundred day moving average price of $48.22. The company has a quick ratio of 1.03, a current ratio of 1.02 and a debt-to-equity ratio of 0.08. Bank OZK has a 12 month low of $35.71 and a 12 month high of $53.66. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 7.21 and a beta of 0.93.

Bank OZK (NASDAQ:OZK - Get Free Report) last announced its quarterly earnings data on Tuesday, January 20th. The company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.03). The firm had revenue of $436.29 million for the quarter, compared to analyst estimates of $434.68 million. Bank OZK had a return on equity of 12.65% and a net margin of 25.50%.During the same period in the previous year, the business posted $1.56 EPS. As a group, equities analysts forecast that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 13th were paid a dividend of $0.46 per share. This is an increase from Bank OZK's previous quarterly dividend of $0.45. This represents a $1.84 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Tuesday, January 13th. Bank OZK's dividend payout ratio is presently 29.82%.

About Bank OZK

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank's core operations focus on commercial real estate lending, including acquisition, development and construction financing.

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