Simon Quick Advisors LLC Purchases Shares of 10,603 Bank OZK $OZK

Simon Quick Advisors LLC acquired a new position in shares of Bank OZK (NASDAQ:OZK) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 10,603 shares of the company’s stock, valued at approximately $499,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its stake in Bank OZK by 58.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 590 shares of the company’s stock worth $28,000 after purchasing an additional 217 shares during the period. Summit Securities Group LLC bought a new stake in shares of Bank OZK in the first quarter valued at about $32,000. Brooklyn Investment Group lifted its holdings in shares of Bank OZK by 1,114.3% in 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 in the last quarter. Parallel Advisors LLC raised its position in Bank OZK by 70.8% in the 2nd quarter. Parallel Advisors LLC now owns 1,124 shares of the company’s stock valued at $53,000 after buying an additional 466 shares during the last quarter. Finally, Assetmark Inc. raised its position in Bank OZK by 20.8% in the 2nd quarter. Assetmark Inc. now owns 1,507 shares of the company’s stock valued at $71,000 after buying an additional 259 shares during the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on OZK. Morgan Stanley lifted 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. Stephens upgraded shares of Bank OZK from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $58.00 to $65.00 in a report on Wednesday, August 20th. Cowen reiterated a “buy” rating on shares of Bank OZK in a report on Tuesday, October 21st. Keefe, Bruyette & Woods lowered their price target on shares of Bank OZK from $53.00 to $50.00 and set a “market perform” rating on the stock in a research note on Monday, October 20th. Finally, National Bankshares set a $67.00 price target on shares of Bank OZK in a research note on Wednesday, September 24th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $58.75.

Bank OZK Price Performance

Shares of OZK opened at $44.99 on Friday. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 7.26 and a beta of 0.88. Bank OZK has a 1-year low of $35.71 and a 1-year high of $53.66. The company’s fifty day simple moving average is $50.31 and its 200 day simple moving average is $48.18. The company has a current ratio of 1.03, a quick ratio of 1.04 and a debt-to-equity ratio of 0.13.

Bank OZK (NASDAQ:OZK) last issued its earnings results on Thursday, October 16th. The company reported $1.59 earnings per share for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.07). The firm had revenue of $449.94 million for the quarter, compared to analyst estimates of $447.93 million. Bank OZK had a return on equity of 13.00% and a net margin of 25.81%.During the same quarter in the previous year, the firm posted $1.55 earnings per share. On average, research analysts forecast that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 14th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.0%. This is a boost from Bank OZK’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Tuesday, October 14th. Bank OZK’s dividend payout ratio (DPR) is presently 29.03%.

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.