WINTON GROUP Ltd Purchases Shares of 6,600 Bank OZK (NASDAQ:OZK)

WINTON GROUP Ltd purchased a new stake in shares of Bank OZK (NASDAQ:OZK) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,600 shares of the company’s stock, valued at approximately $271,000.

Other hedge funds have also bought and sold shares of the company. Tidal Investments LLC increased its stake in shares of Bank OZK by 4.0% in the first quarter. Tidal Investments LLC now owns 5,491 shares of the company’s stock worth $250,000 after acquiring an additional 210 shares during the period. Beacon Pointe Advisors LLC increased its stake in shares of Bank OZK by 4.1% in the fourth quarter. Beacon Pointe Advisors LLC now owns 6,247 shares of the company’s stock worth $311,000 after acquiring an additional 247 shares during the period. HB Wealth Management LLC increased its stake in shares of Bank OZK by 3.9% in the first quarter. HB Wealth Management LLC now owns 6,607 shares of the company’s stock worth $300,000 after acquiring an additional 249 shares during the period. Personal CFO Solutions LLC increased its stake in shares of Bank OZK by 4.0% in the fourth quarter. Personal CFO Solutions LLC now owns 8,465 shares of the company’s stock worth $422,000 after acquiring an additional 329 shares during the period. Finally, Financial Partners Group LLC increased its stake in shares of Bank OZK by 2.0% in the fourth quarter. Financial Partners Group LLC now owns 19,824 shares of the company’s stock worth $988,000 after acquiring an additional 382 shares during the period. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Stock Performance

NASDAQ:OZK opened at $42.61 on Thursday. The company’s 50-day moving average price is $42.90 and its 200-day moving average price is $43.16. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17. The company has a market cap of $4.83 billion, a P/E ratio of 7.14 and a beta of 1.17. 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 results on Wednesday, July 17th. The company reported $1.52 earnings per share for the quarter, hitting the consensus estimate of $1.52. The firm had revenue of $416.78 million for the quarter, compared to the consensus estimate of $414.39 million. Bank OZK had a net margin of 27.04% and a return on equity of 14.50%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the firm posted $1.47 earnings per share. On average, sell-side analysts forecast that Bank OZK will post 6.01 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 12th were paid a $0.40 dividend. This is an increase from Bank OZK’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend was Friday, July 12th. Bank OZK’s dividend payout ratio (DPR) is currently 26.80%.

Analyst Ratings Changes

Several research firms recently commented on OZK. Raymond James lowered shares of Bank OZK from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Stephens restated an “equal weight” rating and set a $50.00 price target on shares of Bank OZK in a research report on Thursday, July 18th. Truist Financial raised their price target on shares of Bank OZK from $41.00 to $49.00 and gave the company a “hold” rating in a research report on Monday, July 22nd. Wells Fargo & Company dropped their price target on shares of Bank OZK from $39.00 to $35.00 and set an “underweight” rating on the stock in a research report on Thursday, June 6th. Finally, Citigroup lowered shares of Bank OZK from a “buy” rating to a “sell” rating and dropped their price target for the company from $57.00 to $37.00 in a research report on Wednesday, May 29th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat.com, Bank OZK has a consensus rating of “Hold” and an average target price of $46.71.

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.