Caprock Group LLC Invests $253,000 in Bank OZK (NASDAQ:OZK)

Caprock Group LLC bought a new position in Bank OZK (NASDAQ:OZK) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,160 shares of the company’s stock, valued at approximately $253,000.

A number of other hedge funds also recently made changes to their positions in the company. Savant Capital LLC purchased a new stake in shares of Bank OZK in the second quarter worth about $1,725,000. Victory Capital Management Inc. raised its position in Bank OZK by 483.9% during the second quarter. Victory Capital Management Inc. now owns 980,358 shares of the company’s stock valued at $40,195,000 after purchasing an additional 812,464 shares during the period. Impact Partnership Wealth LLC purchased a new stake in Bank OZK during the second quarter valued at approximately $205,000. TD Asset Management Inc raised its position in Bank OZK by 18.8% during the second quarter. TD Asset Management Inc now owns 19,407 shares of the company’s stock valued at $796,000 after purchasing an additional 3,068 shares during the period. Finally, Legacy Capital Wealth Partners LLC purchased a new stake in Bank OZK during the second quarter valued at approximately $2,532,000. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Bank OZK Trading Up 4.1 %

OZK opened at $41.57 on Friday. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 6.96 and a beta of 1.17. The stock’s 50 day moving average price is $42.78 and its 200-day moving average price is $43.20. Bank OZK has a one year low of $34.76 and a one year high of $52.36. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.02.

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

Bank OZK Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on OZK. StockNews.com upgraded Bank OZK from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Stephens restated an “equal weight” rating and set a $50.00 price objective on shares of Bank OZK in a research report on Thursday, July 18th. Wells Fargo & Company decreased their price objective on Bank OZK from $39.00 to $35.00 and set an “underweight” rating on the stock in a research report on Thursday, June 6th. Truist Financial upped their price objective on Bank OZK from $41.00 to $49.00 and gave the company a “hold” rating in a research report on Monday, July 22nd. Finally, Morgan Stanley upped their target price on Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $46.71.

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.