EMC Capital Management Has $261,000 Stock Position in Bank OZK $OZK

EMC Capital Management cut its holdings in Bank OZK (NASDAQ:OZK) by 26.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 5,555 shares of the company’s stock after selling 1,981 shares during the quarter. EMC Capital Management’s holdings in Bank OZK were worth $261,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of OZK. Hantz Financial Services Inc. increased its stake in shares of Bank OZK by 58.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 590 shares of the company’s stock valued at $28,000 after acquiring an additional 217 shares in the last quarter. Summit Securities Group LLC acquired a new stake in Bank OZK in the first quarter worth $32,000. Atlantic Union Bankshares Corp bought a new stake in Bank OZK in the second quarter valued at $44,000. Brooklyn Investment Group raised its holdings in shares of Bank OZK by 1,114.3% during the first quarter. Brooklyn Investment Group now owns 1,105 shares of the company’s stock valued at $48,000 after purchasing an additional 1,014 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Bank OZK during the 2nd quarter worth about $52,000. 86.18% of the stock is currently owned by institutional investors.

Bank OZK Stock Up 0.8%

Shares of NASDAQ:OZK opened at $43.00 on Wednesday. The business’s 50 day moving average is $48.32 and its 200 day moving average is $48.40. Bank OZK has a 12-month low of $35.71 and a 12-month high of $53.66. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 6.94 and a beta of 0.94. The company has a quick ratio of 1.04, a current ratio of 1.03 and a debt-to-equity ratio of 0.13.

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 analysts’ expectations of $447.93 million. During the same period in the previous year, the company posted $1.55 earnings per share. On average, sell-side analysts forecast that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, October 14th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, October 14th. This is an increase from Bank OZK’s previous quarterly dividend of $0.44. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.2%. Bank OZK’s payout ratio is 29.03%.

Analyst Upgrades and Downgrades

OZK has been the subject of a number of research analyst reports. Morgan Stanley boosted their target price on Bank OZK from $55.00 to $63.00 and gave the company an “underperform” rating in a research report on Monday, September 29th. Zacks Research downgraded Bank OZK from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Wall Street Zen lowered Bank OZK from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Cowen reissued a “buy” rating on shares of Bank OZK in a research report on Tuesday, October 21st. Finally, Stephens upgraded shares of Bank OZK from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $58.00 to $65.00 in a research note on Wednesday, August 20th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $58.75.

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.