Captrust Financial Advisors Grows Stock Holdings in Bank OZK (NASDAQ:OZK)

Captrust Financial Advisors lifted its position in shares of Bank OZK (NASDAQ:OZK) by 124.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,698,856 shares of the company’s stock after purchasing an additional 942,309 shares during the period. Captrust Financial Advisors’ holdings in Bank OZK were worth $73,034,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. PSI Advisors LLC lifted its position in shares of Bank OZK by 20,933.3% during the 2nd quarter. PSI Advisors LLC now owns 631 shares of the company’s stock worth $26,000 after purchasing an additional 628 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Bank OZK by 423.0% during the 2nd quarter. Versant Capital Management Inc now owns 978 shares of the company’s stock worth $40,000 after purchasing an additional 791 shares during the last quarter. Assetmark Inc. lifted its position in shares of Bank OZK by 73.8% during the 3rd quarter. Assetmark Inc. now owns 968 shares of the company’s stock worth $42,000 after purchasing an additional 411 shares during the last quarter. American National Bank & Trust acquired a new stake in Bank OZK during the 3rd quarter worth $44,000. Finally, Innealta Capital LLC acquired a new stake in Bank OZK during the 2nd quarter worth $46,000. 86.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on OZK shares. Stephens lifted 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 note on Monday, October 21st. Piper Sandler lifted their price target on shares of Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Raymond James lowered shares of Bank OZK from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. Truist Financial cut their price target 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 lifted 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 note on Monday, August 5th. Two 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. Based on data from MarketBeat.com, Bank OZK has an average rating of “Hold” and an average price target of $48.50.

Bank OZK Trading Up 0.1 %

NASDAQ:OZK opened at $49.94 on Friday. Bank OZK has a 12-month low of $37.43 and a 12-month high of $52.36. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. The stock’s 50 day simple moving average is $45.04 and its 200-day simple moving average is $43.35. The firm has a market cap of $5.67 billion, a P/E ratio of 8.21 and a beta of 1.16.

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

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 11th were issued a dividend of $0.41 per share. This is a boost from Bank OZK’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 3.28%. The ex-dividend date was Friday, October 11th. Bank OZK’s dividend payout ratio is currently 26.97%.

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.