EMC Capital Management Boosts Stock Position in Bank OZK (NASDAQ:OZK)

EMC Capital Management lifted its position in Bank OZK (NASDAQ:OZK) by 141.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 18,214 shares of the company’s stock after purchasing an additional 10,678 shares during the quarter. EMC Capital Management’s holdings in Bank OZK were worth $818,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State of Michigan Retirement System grew its holdings in Bank OZK by 2.4% in the first quarter. State of Michigan Retirement System now owns 25,812 shares of the company’s stock valued at $1,173,000 after purchasing an additional 600 shares during the period. Norden Group LLC acquired a new stake in Bank OZK in the 1st quarter valued at $225,000. Van ECK Associates Corp increased its holdings in Bank OZK by 36.5% in the 1st quarter. Van ECK Associates Corp now owns 39,460 shares of the company’s stock worth $1,794,000 after acquiring an additional 10,554 shares in the last quarter. BNP Paribas Financial Markets raised its position in Bank OZK by 211.3% during the first quarter. BNP Paribas Financial Markets now owns 61,181 shares of the company’s stock worth $2,781,000 after acquiring an additional 41,527 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in Bank OZK by 22.8% during the first quarter. Janney Montgomery Scott LLC now owns 12,255 shares of the company’s stock valued at $557,000 after purchasing an additional 2,274 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on OZK shares. Raymond James lowered Bank OZK from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 17th. Stephens upped their price target on Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Truist Financial reduced their price objective on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a report on Monday, October 21st. Piper Sandler boosted their price target on shares of Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, Morgan Stanley upped 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, August 5th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Bank OZK has a consensus rating of “Hold” and an average target price of $48.50.

Bank OZK Stock Up 0.2 %

Bank OZK stock opened at $43.84 on Friday. The stock’s fifty day moving average is $42.69 and its two-hundred day moving average is $43.03. The stock has a market cap of $4.97 billion, a PE ratio of 7.21 and a beta of 1.17. Bank OZK has a 1-year low of $36.14 and a 1-year high of $52.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.02 and a quick ratio of 1.02.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 11th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 3.74%. This is an increase from Bank OZK’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, October 11th. Bank OZK’s dividend payout ratio is 26.97%.

Bank OZK Company 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.