Capstone Investment Advisors LLC Lowers Position in Bank OZK (NASDAQ:OZK)

Capstone Investment Advisors LLC decreased its holdings in shares of Bank OZK (NASDAQ:OZK) by 56.5% in the 3rd quarter, Holdings Channel reports. The firm owned 4,685 shares of the company’s stock after selling 6,082 shares during the period. Capstone Investment Advisors LLC’s holdings in Bank OZK were worth $201,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its stake in Bank OZK by 5.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 62,444 shares of the company’s stock valued at $2,839,000 after acquiring an additional 3,301 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of Bank OZK by 4.0% during the 1st quarter. Tidal Investments LLC now owns 5,491 shares of the company’s stock valued at $250,000 after buying an additional 210 shares in the last quarter. Versant Capital Management Inc lifted its position in Bank OZK by 423.0% in the 2nd quarter. Versant Capital Management Inc now owns 978 shares of the company’s stock worth $40,000 after buying an additional 791 shares during the last quarter. CWM LLC boosted its stake in Bank OZK by 2,027.9% in the second quarter. CWM LLC now owns 9,746 shares of the company’s stock worth $400,000 after buying an additional 9,288 shares in the last quarter. Finally, Cardinal Capital Management grew its position in Bank OZK by 4.4% during the second quarter. Cardinal Capital Management now owns 41,135 shares of the company’s stock valued at $1,687,000 after acquiring an additional 1,743 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors.

Bank OZK Price Performance

Shares of OZK stock opened at $49.97 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.02. Bank OZK has a fifty-two week low of $37.43 and a fifty-two week high of $52.36. The firm has a market cap of $5.67 billion, a P/E ratio of 8.22 and a beta of 1.16. The business’s 50 day moving average price is $45.19 and its 200-day moving average price is $43.32.

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

Bank OZK Increases Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on OZK shares. Truist Financial cut their price objective on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a research note on Monday, October 21st. Piper Sandler raised their price objective on Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Stephens boosted their target price on Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Raymond James lowered Bank OZK from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. Finally, Morgan Stanley increased their price objective on Bank OZK from $48.00 to $51.00 and gave the company 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 assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Bank OZK presently has a consensus rating of “Hold” and a consensus price target of $48.50.

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.