Bank OZK (NASDAQ:OZK) Shares Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. boosted its position in shares of Bank OZK (NASDAQ:OZK) by 587.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,363 shares of the company’s stock after acquiring an additional 38,763 shares during the period. Point72 Asset Management L.P.’s holdings in Bank OZK were worth $2,020,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new stake in shares of Bank OZK during the 4th quarter worth approximately $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Bank OZK during the 4th quarter worth approximately $27,000. Smartleaf Asset Management LLC lifted its position in shares of Bank OZK by 176.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 761 shares of the company’s stock worth $34,000 after buying an additional 486 shares during the last quarter. V Square Quantitative Management LLC lifted its position in shares of Bank OZK by 81.3% during the 4th quarter. V Square Quantitative Management LLC now owns 948 shares of the company’s stock worth $42,000 after buying an additional 425 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Bank OZK during the 4th quarter worth approximately $54,000. Institutional investors and hedge funds own 86.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on OZK shares. Morgan Stanley reduced their price objective on shares of Bank OZK from $58.00 to $54.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Keefe, Bruyette & Woods reduced their price objective on shares of Bank OZK from $50.00 to $48.00 and set a “market perform” rating for the company in a research report on Tuesday, April 22nd. Wells Fargo & Company reduced their price objective on shares of Bank OZK from $48.00 to $40.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 9th. Finally, Stephens reduced their price objective on shares of Bank OZK from $59.00 to $54.00 and set an “equal weight” rating for the company in a research report on Monday, April 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $49.13.

Bank OZK Stock Down 0.4%

Shares of NASDAQ:OZK opened at $46.37 on Wednesday. The stock has a market cap of $5.26 billion, a P/E ratio of 7.55 and a beta of 0.85. The firm has a fifty day moving average price of $42.80 and a 200 day moving average price of $45.91. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. Bank OZK has a 1-year low of $35.71 and a 1-year high of $53.64.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Wednesday, April 16th. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.05. The firm had revenue of $409.23 million during the quarter, compared to analysts’ expectations of $403.05 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. During the same quarter in the prior year, the business earned $1.51 EPS. Sell-side analysts predict that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 14th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Monday, April 14th. This represents a $1.72 dividend on an annualized basis and a yield of 3.71%. This is an increase from Bank OZK’s previous quarterly dividend of $0.42. Bank OZK’s dividend payout ratio is presently 28.20%.

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.