denkapparat Operations GmbH Has $608,000 Holdings in Bank OZK $OZK

denkapparat Operations GmbH boosted its position in shares of Bank OZK (NASDAQ:OZK) by 65.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,912 shares of the company’s stock after buying an additional 5,104 shares during the period. denkapparat Operations GmbH’s holdings in Bank OZK were worth $608,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. ProShare Advisors LLC lifted its holdings in shares of Bank OZK by 30.6% during the 2nd quarter. ProShare Advisors LLC now owns 784,392 shares of the company’s stock worth $36,913,000 after acquiring an additional 183,964 shares during the period. Campbell & CO Investment Adviser LLC raised its position in Bank OZK by 1,175.4% during the second quarter. Campbell & CO Investment Adviser LLC now owns 75,148 shares of the company’s stock valued at $3,536,000 after purchasing an additional 69,256 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Bank OZK by 16.9% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 216,255 shares of the company’s stock worth $10,177,000 after purchasing an additional 31,331 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in Bank OZK by 95.3% during the second quarter. Los Angeles Capital Management LLC now owns 19,715 shares of the company’s stock worth $928,000 after purchasing an additional 9,622 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Bank OZK in the 2nd quarter valued at $44,000. 86.18% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Wells Fargo & Company boosted their price target on Bank OZK from $49.00 to $50.00 and gave the stock an “equal weight” rating in a report on Monday, September 29th. UBS Group decreased their target price on Bank OZK from $57.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 28th. Cowen reissued a “buy” rating on shares of Bank OZK in a research note on Tuesday, October 21st. Stephens upgraded shares of Bank OZK from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $58.00 to $65.00 in a research note on Wednesday, August 20th. Finally, Wall Street Zen lowered shares of Bank OZK from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $58.75.

Bank OZK Stock Performance

Bank OZK stock opened at $44.95 on Wednesday. The business has a 50 day moving average of $49.20 and a 200-day moving average of $48.38. The company has a market capitalization of $5.11 billion, a P/E ratio of 7.25 and a beta of 0.94. Bank OZK has a 1 year low of $35.71 and a 1 year high of $53.66. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.04.

Bank OZK (NASDAQ:OZK) last posted its earnings results on Thursday, October 16th. The company reported $1.59 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 business had revenue of $449.94 million for the quarter, compared to analyst estimates of $447.93 million. During the same quarter in the prior year, the business earned $1.55 earnings per share. On average, equities research analysts predict that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, October 14th were paid a $0.45 dividend. This is a positive change from Bank OZK’s previous quarterly dividend of $0.44. This represents a $1.80 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Tuesday, October 14th. Bank OZK’s payout ratio is presently 29.03%.

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.