Edgestream Partners L.P. Acquires 90,977 Shares of Bank OZK (NASDAQ:OZK)

Edgestream Partners L.P. increased its holdings in shares of Bank OZK (NASDAQ:OZK) by 129.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,291 shares of the company’s stock after acquiring an additional 90,977 shares during the period. Edgestream Partners L.P.’s holdings in Bank OZK were worth $6,934,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. PSI Advisors LLC boosted its position in shares of Bank OZK by 20,933.3% in the 2nd quarter. PSI Advisors LLC now owns 631 shares of the company’s stock worth $26,000 after purchasing an additional 628 shares in the last quarter. Versant Capital Management Inc raised its stake in Bank OZK by 423.0% during the second quarter. Versant Capital Management Inc now owns 978 shares of the company’s stock valued at $40,000 after buying an additional 791 shares during the last quarter. Assetmark Inc. raised its stake in Bank OZK by 73.8% during the third quarter. Assetmark Inc. now owns 968 shares of the company’s stock valued at $42,000 after buying an additional 411 shares during the last quarter. American National Bank & Trust bought a new stake in Bank OZK in the third quarter worth $44,000. Finally, Innealta Capital LLC purchased a new stake in shares of Bank OZK in the second quarter worth $46,000. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Bank OZK Trading Up 0.1 %

Shares of OZK stock opened at $49.97 on Friday. The stock has a market capitalization of $5.67 billion, a P/E ratio of 8.22 and a beta of 1.16. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. The firm’s 50 day moving average is $45.19 and its 200 day moving average is $43.36. Bank OZK has a 12-month low of $37.43 and a 12-month high of $52.36.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Thursday, October 17th. The company reported $1.55 EPS for the quarter, topping the consensus estimate 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%. Research analysts expect that Bank OZK will post 6.03 earnings per share for the current year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders 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 positive change from Bank OZK’s previous quarterly dividend of $0.40. Bank OZK’s dividend payout ratio is presently 26.97%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on OZK. Truist Financial lowered their price target on Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a research report on Monday, October 21st. Morgan Stanley upped their target price 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. Piper Sandler increased their price target on shares of Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Stephens boosted their price objective on shares of Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Finally, Raymond James downgraded Bank OZK from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. Two 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.