Entropy Technologies LP Has $612,000 Stake in Bank OZK (NASDAQ:OZK)

Entropy Technologies LP lessened its holdings in Bank OZK (NASDAQ:OZK) by 16.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,245 shares of the company’s stock after selling 2,790 shares during the period. Entropy Technologies LP’s holdings in Bank OZK were worth $612,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OZK. AQR Capital Management LLC raised its holdings in Bank OZK by 291.5% during the 2nd quarter. AQR Capital Management LLC now owns 2,371,892 shares of the company’s stock valued at $95,848,000 after acquiring an additional 1,765,974 shares during the period. Van Berkom & Associates Inc. grew its stake in shares of Bank OZK by 2.0% during the second quarter. Van Berkom & Associates Inc. now owns 2,024,130 shares of the company’s stock valued at $82,989,000 after buying an additional 40,356 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Bank OZK by 21.9% in the second quarter. American Century Companies Inc. now owns 1,642,293 shares of the company’s stock worth $67,334,000 after purchasing an additional 295,298 shares during the last quarter. Millennium Management LLC lifted its holdings in Bank OZK by 196.4% in the second quarter. Millennium Management LLC now owns 1,365,393 shares of the company’s stock worth $55,981,000 after buying an additional 904,782 shares during the period. Finally, Newport Trust Company LLC lifted its holdings in Bank OZK by 2.0% in the second quarter. Newport Trust Company LLC now owns 1,147,350 shares of the company’s stock worth $47,041,000 after buying an additional 22,819 shares during the period. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Bank OZK Price Performance

Shares of OZK opened at $47.77 on Friday. Bank OZK has a 1-year low of $37.43 and a 1-year high of $52.36. The stock has a market cap of $5.42 billion, a PE ratio of 7.86 and a beta of 1.16. The firm has a 50-day simple moving average of $43.34 and a two-hundred day simple moving average of $43.15. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.02 and a quick ratio of 1.02.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings results on Thursday, October 17th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%. The business had revenue of $423.00 million during the quarter, compared to analysts’ expectations of $419.08 million. As a group, analysts forecast that Bank OZK will post 6.03 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 11th were issued a $0.41 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.43%. This is a boost from Bank OZK’s previous quarterly dividend of $0.40. Bank OZK’s payout ratio is 26.97%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on OZK. Stephens raised their price target on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Piper Sandler upped their target price on shares of Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Raymond James downgraded shares of Bank OZK from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. Truist Financial dropped their target price on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a research note on Monday, October 21st. Finally, Morgan Stanley upped their price target on shares of Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Bank OZK presently has an average rating of “Hold” and an average target price of $48.50.

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.