Quantinno Capital Management LP Purchases 25,636 Shares of Bank OZK (NASDAQ:OZK)

Quantinno Capital Management LP boosted its position in shares of Bank OZK (NASDAQ:OZK) by 23.2% during the third quarter, Holdings Channel.com reports. The fund owned 136,247 shares of the company’s stock after acquiring an additional 25,636 shares during the quarter. Quantinno Capital Management LP’s holdings in Bank OZK were worth $5,857,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OZK. Point72 DIFC Ltd purchased a new stake in Bank OZK during the 3rd quarter valued at approximately $1,085,000. HighTower Advisors LLC purchased a new position in shares of Bank OZK in the third quarter valued at $392,000. Benjamin Edwards Inc. grew its holdings in shares of Bank OZK by 50.5% in the third quarter. Benjamin Edwards Inc. now owns 7,372 shares of the company’s stock valued at $317,000 after purchasing an additional 2,474 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Bank OZK in the third quarter valued at $199,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Bank OZK in the third quarter valued at $1,771,000. Institutional investors own 86.18% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on OZK. Piper Sandler raised their target price on shares of Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Truist Financial cut their target price on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a report on Monday, October 21st. Stephens lifted their price objective 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. Wells Fargo & Company lifted their price objective on shares of Bank OZK from $35.00 to $40.00 and gave the stock an “underweight” rating in a research note on Tuesday. Finally, Raymond James lowered shares of Bank OZK from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Bank OZK currently has an average rating of “Hold” and a consensus target price of $49.13.

Bank OZK Stock Up 0.3 %

NASDAQ:OZK opened at $47.49 on Friday. Bank OZK has a twelve month low of $37.43 and a twelve month high of $52.36. The company has a market cap of $5.39 billion, a price-to-earnings ratio of 7.81 and a beta of 1.18. The stock has a fifty day simple moving average of $45.82 and a 200-day simple moving average of $43.34. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12.

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

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 11th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.45%. This is an increase from Bank OZK’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, October 11th. Bank OZK’s dividend payout ratio (DPR) is 26.97%.

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.