R Squared Ltd Boosts Holdings in Bank OZK $OZK

R Squared Ltd boosted its position in Bank OZK (NASDAQ:OZK) by 56.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,696 shares of the company’s stock after buying an additional 2,785 shares during the period. R Squared Ltd’s holdings in Bank OZK were worth $362,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Summit Securities Group LLC purchased a new stake in shares of Bank OZK during the 1st quarter worth $32,000. Brooklyn Investment Group boosted its position in shares of Bank OZK by 1,114.3% during the 1st quarter. Brooklyn Investment Group now owns 1,105 shares of the company’s stock worth $48,000 after purchasing an additional 1,014 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Bank OZK by 70.8% during the 2nd quarter. Parallel Advisors LLC now owns 1,124 shares of the company’s stock worth $53,000 after purchasing an additional 466 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Bank OZK by 1,137.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,535 shares of the company’s stock worth $72,000 after purchasing an additional 1,411 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of Bank OZK during the 1st quarter worth $79,000. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OZK has been the topic of several research analyst reports. Raymond James Financial upgraded shares of Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 target price on the stock in a research report on Tuesday, July 8th. Cowen restated a “buy” rating on shares of Bank OZK in a research report on Tuesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank OZK in a research note on Wednesday, October 8th. National Bankshares set a $67.00 price target on Bank OZK in a research note on Wednesday, September 24th. Finally, Morgan Stanley lifted their price target on Bank OZK from $55.00 to $63.00 and gave the stock an “underperform” rating in a research note on Monday, September 29th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Bank OZK has an average rating of “Hold” and an average price target of $58.88.

Bank OZK Trading Up 1.5%

NASDAQ:OZK opened at $45.74 on Friday. The company has a market capitalization of $5.20 billion, a PE ratio of 7.38 and a beta of 0.88. The company has a quick ratio of 1.04, a current ratio of 1.03 and a debt-to-equity ratio of 0.13. Bank OZK has a 52-week low of $35.71 and a 52-week high of $53.66. The stock has a fifty day simple moving average of $50.81 and a 200-day simple moving average of $47.83.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings results on Thursday, October 16th. The company reported $1.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by ($0.07). Bank OZK had a return on equity of 13.00% and a net margin of 25.81%.The firm had revenue of $449.94 million for the quarter, compared to analyst estimates of $447.93 million. During the same period last year, the firm earned $1.55 EPS. On average, equities research analysts expect that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, October 14th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Tuesday, October 14th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.44. Bank OZK’s dividend payout ratio is presently 29.03%.

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.