Bank OZK (NASDAQ:OZK) Shares Acquired by Algert Global LLC

Algert Global LLC lifted its position in shares of Bank OZK (NASDAQ:OZK) by 28.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 198,539 shares of the company’s stock after buying an additional 44,542 shares during the period. Algert Global LLC owned approximately 0.17% of Bank OZK worth $8,140,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Bank OZK by 4.4% during the fourth quarter. Vanguard Group Inc. now owns 12,028,779 shares of the company’s stock worth $599,394,000 after acquiring an additional 502,005 shares during the period. AQR Capital Management LLC boosted its holdings in Bank OZK by 291.5% during the second quarter. AQR Capital Management LLC now owns 2,371,892 shares of the company’s stock worth $95,848,000 after buying an additional 1,765,974 shares in the last quarter. Van Berkom & Associates Inc. boosted its holdings in Bank OZK by 2.0% during the second quarter. Van Berkom & Associates Inc. now owns 2,024,130 shares of the company’s stock worth $82,989,000 after buying an additional 40,356 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Bank OZK by 18.8% during the fourth quarter. Wellington Management Group LLP now owns 1,897,696 shares of the company’s stock worth $94,562,000 after buying an additional 300,025 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Bank OZK by 21.9% during the second quarter. American Century Companies Inc. now owns 1,642,293 shares of the company’s stock worth $67,334,000 after buying an additional 295,298 shares in the last quarter. 86.18% of the stock is owned by hedge funds and other institutional investors.

Bank OZK Stock Up 0.7 %

OZK stock opened at $42.03 on Friday. Bank OZK has a 12-month low of $34.76 and a 12-month high of $52.36. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.17. The company has a market cap of $4.77 billion, a price-to-earnings ratio of 7.04 and a beta of 1.17. The company has a 50 day moving average of $42.50 and a two-hundred day moving average of $43.09.

Bank OZK (NASDAQ:OZK) last released its earnings results on Wednesday, July 17th. The company reported $1.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.52. Bank OZK had a net margin of 27.04% and a return on equity of 14.50%. The company had revenue of $416.78 million during the quarter, compared to the consensus estimate of $414.39 million. During the same quarter in the prior year, the firm earned $1.47 EPS. The company’s revenue was up 7.2% compared to the same quarter last year. On average, equities analysts anticipate that Bank OZK will post 5.98 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 12th were given a $0.40 dividend. This is an increase from Bank OZK’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, July 12th. This represents a $1.60 dividend on an annualized basis and a yield of 3.81%. Bank OZK’s dividend payout ratio is presently 26.80%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Stephens restated an “equal weight” rating and set a $50.00 target price on shares of Bank OZK in a report on Thursday, July 18th. StockNews.com upgraded shares of Bank OZK from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Morgan Stanley raised 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, August 5th. Wells Fargo & Company decreased their price objective on shares of Bank OZK from $39.00 to $35.00 and set an “underweight” rating for the company in a research note on Thursday, June 6th. 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 research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $46.57.

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.