Y Intercept Hong Kong Ltd Sells 13,638 Shares of Bank OZK $OZK

Y Intercept Hong Kong Ltd lessened its stake in Bank OZK (NASDAQ:OZK) by 53.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 12,074 shares of the company’s stock after selling 13,638 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Bank OZK were worth $568,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Summit Securities Group LLC bought a new position in shares of Bank OZK during the 1st quarter worth approximately $32,000. Brooklyn Investment Group boosted its holdings in Bank OZK by 1,114.3% during the first quarter. Brooklyn Investment Group now owns 1,105 shares of the company’s stock worth $48,000 after purchasing an additional 1,014 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Bank OZK by 70.8% during the second quarter. Parallel Advisors LLC now owns 1,124 shares of the company’s stock worth $53,000 after purchasing an additional 466 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Bank OZK by 1,137.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,535 shares of the company’s stock valued at $72,000 after buying an additional 1,411 shares during the last quarter. Finally, Quarry LP bought a new stake in Bank OZK during the 1st quarter worth about $79,000. Institutional investors own 86.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. National Bankshares set a $67.00 target price on Bank OZK in a research report on Wednesday, September 24th. Wall Street Zen lowered shares of Bank OZK from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Morgan Stanley upped their target price on shares of Bank OZK from $55.00 to $63.00 and gave the company an “underperform” rating in a report on Monday, September 29th. Stephens upgraded Bank OZK from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $58.00 to $65.00 in a report on Wednesday, August 20th. Finally, Keefe, Bruyette & Woods cut their price objective on Bank OZK from $53.00 to $50.00 and set a “market perform” rating for the company in a research report on Monday, October 20th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $58.75.

Bank OZK Stock Down 1.4%

Shares of NASDAQ:OZK opened at $43.79 on Friday. The company has a market capitalization of $4.98 billion, a PE ratio of 7.06 and a beta of 0.94. Bank OZK has a 52-week low of $35.71 and a 52-week high of $53.66. The company has a fifty day moving average of $49.67 and a 200-day moving average of $48.23. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.04 and a current ratio of 1.03.

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

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 14th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date 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 (DPR) is currently 29.03%.

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.