Quantbot Technologies LP Has $7.74 Million Stock Position in Bank OZK (NASDAQ:OZK)

Quantbot Technologies LP boosted its holdings in Bank OZK (NASDAQ:OZK) by 55.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 188,867 shares of the company’s stock after purchasing an additional 67,291 shares during the quarter. Quantbot Technologies LP owned about 0.17% of Bank OZK worth $7,744,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in OZK. Goldman Sachs Group Inc. raised its holdings in shares of Bank OZK by 136.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 359,814 shares of the company’s stock valued at $17,930,000 after purchasing an additional 207,341 shares during the period. Pinebridge Investments L.P. raised its stake in Bank OZK by 77.3% during the 4th quarter. Pinebridge Investments L.P. now owns 188,600 shares of the company’s stock worth $9,397,000 after buying an additional 82,233 shares during the period. M&G Plc bought a new position in Bank OZK in the first quarter worth approximately $8,437,000. State Board of Administration of Florida Retirement System grew its stake in Bank OZK by 27.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 140,492 shares of the company’s stock valued at $6,387,000 after acquiring an additional 29,993 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of Bank OZK during the second quarter valued at approximately $873,000. 86.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on OZK. Morgan Stanley lifted their price target on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Wells Fargo & Company lowered their target price on shares of Bank OZK from $39.00 to $35.00 and set an “underweight” rating on the stock in a report on Thursday, June 6th. StockNews.com raised shares of Bank OZK from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Citigroup lowered Bank OZK from a “buy” rating to a “sell” rating and decreased their price objective for the stock from $57.00 to $37.00 in a report on Wednesday, May 29th. Finally, Truist Financial raised their target price on Bank OZK from $41.00 to $49.00 and gave the company a “hold” rating in a report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $46.71.

Bank OZK Price Performance

Shares of NASDAQ OZK opened at $41.57 on Monday. The company has a market capitalization of $4.72 billion, a PE ratio of 6.96 and a beta of 1.17. 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 stock’s 50 day moving average price is $42.82 and its 200-day moving average price is $43.19. Bank OZK has a twelve month low of $34.76 and a twelve month high of $52.36.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings data on Wednesday, July 17th. The company reported $1.52 earnings per share for the quarter, hitting the consensus estimate of $1.52. The business had revenue of $416.78 million for the quarter, compared to analysts’ expectations of $414.39 million. Bank OZK had a return on equity of 14.50% and a net margin of 27.04%. The business’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.47 earnings per share. On average, equities analysts anticipate that Bank OZK will post 6.01 EPS for the current year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 12th were given a dividend of $0.40 per share. The ex-dividend date was Friday, July 12th. This represents a $1.60 annualized dividend and a yield of 3.85%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.39. Bank OZK’s dividend payout ratio is presently 26.80%.

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.