Y Intercept Hong Kong Ltd Purchases 10,391 Shares of Bank OZK (NASDAQ:OZK)

Y Intercept Hong Kong Ltd increased its position in Bank OZK (NASDAQ:OZK - Free Report) by 67.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,712 shares of the company's stock after purchasing an additional 10,391 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Bank OZK were worth $1,117,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of OZK. O Shaughnessy Asset Management LLC raised its holdings in Bank OZK by 1.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,184 shares of the company's stock valued at $498,000 after acquiring an additional 193 shares during the period. Tidal Investments LLC boosted its position in Bank OZK by 1.0% in the fourth quarter. Tidal Investments LLC now owns 21,575 shares of the company's stock valued at $961,000 after buying an additional 205 shares in the last quarter. Bank of Montreal Can boosted its position in Bank OZK by 0.5% in the fourth quarter. Bank of Montreal Can now owns 46,832 shares of the company's stock valued at $2,085,000 after buying an additional 241 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Bank OZK by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 29,600 shares of the company's stock valued at $1,286,000 after buying an additional 300 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake 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 last quarter. 86.18% of the stock is owned by institutional investors.

Analysts Set New Price Targets

OZK has been the subject of several research analyst reports. Wells Fargo & Company lifted their price target on shares of Bank OZK from $48.00 to $49.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Keefe, Bruyette & Woods dropped their target price on shares of Bank OZK from $50.00 to $48.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Stephens dropped their target price on shares of Bank OZK from $59.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. Finally, Raymond James Financial upgraded shares of Bank OZK from a "market perform" rating to an "outperform" rating and set a $58.00 price target on the stock in a research note on Tuesday, July 8th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $52.88.

Bank OZK Stock Performance

Shares of OZK stock traded down $0.59 during trading hours on Monday, reaching $50.91. The company had a trading volume of 120,731 shares, compared to its average volume of 1,210,914. The business has a fifty day moving average price of $47.73 and a 200-day moving average price of $46.30. Bank OZK has a one year low of $35.71 and a one year high of $53.64. The firm has a market cap of $5.79 billion, a PE ratio of 8.28 and a beta of 0.85. 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 announced its earnings results on Thursday, July 17th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.07. The company had revenue of $428.04 million during the quarter, compared to analyst estimates 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 business posted $1.52 earnings per share. Sell-side analysts predict that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Friday, July 11th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 3.46%. The ex-dividend date was Friday, July 11th. This is an increase from Bank OZK's previous quarterly dividend of $0.43. Bank OZK's payout ratio is 28.57%.

Bank OZK Company 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.