XTX Topco Ltd Increases Position in Bank OZK (NASDAQ:OZK)

XTX Topco Ltd grew its position in Bank OZK (NASDAQ:OZK) by 144.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,198 shares of the company’s stock after purchasing an additional 7,800 shares during the quarter. XTX Topco Ltd’s holdings in Bank OZK were worth $541,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of OZK. Goldman Sachs Group Inc. raised its stake in Bank OZK by 136.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 359,814 shares of the company’s stock valued at $17,930,000 after buying an additional 207,341 shares in the last quarter. Pinebridge Investments L.P. raised its position in shares of Bank OZK by 77.3% during the 4th quarter. Pinebridge Investments L.P. now owns 188,600 shares of the company’s stock worth $9,397,000 after acquiring an additional 82,233 shares in the last quarter. M&G Plc purchased a new stake in Bank OZK during the first quarter worth approximately $8,437,000. State Board of Administration of Florida Retirement System boosted its holdings in Bank OZK by 27.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 140,492 shares of the company’s stock valued at $6,387,000 after purchasing an additional 29,993 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Bank OZK in the second quarter valued at approximately $873,000. 86.18% of the stock is owned by hedge funds and other institutional investors.

Bank OZK Stock Down 1.1 %

Bank OZK stock opened at $42.28 on Tuesday. The stock has a 50 day moving average of $42.86 and a two-hundred day moving average of $43.14. Bank OZK has a twelve month low of $34.76 and a twelve month high of $52.36. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 7.08 and a beta of 1.17. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17.

Bank OZK (NASDAQ:OZK) last issued 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 during the quarter, compared to the consensus estimate of $414.39 million. Bank OZK had a return on equity of 14.50% and a net margin of 27.04%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the company earned $1.47 earnings per share. As a group, research analysts expect that Bank OZK will post 6.01 earnings per share for the current year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 12th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.78%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, July 12th. Bank OZK’s payout ratio is 26.80%.

Analysts Set New Price Targets

OZK has been the subject of several research analyst reports. Truist Financial lowered their target price on shares of Bank OZK from $49.00 to $48.00 and set a “hold” rating for the company in a report on Friday. Wells Fargo & Company dropped their price objective on Bank OZK from $39.00 to $35.00 and set an “underweight” rating on the stock in a report on Thursday, June 6th. Stephens reissued an “equal weight” rating and issued a $50.00 target price on shares of Bank OZK in a report on Thursday, July 18th. Morgan Stanley raised their price target on Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Finally, Citigroup cut Bank OZK from a “buy” rating to a “sell” rating and reduced their price objective for the company from $57.00 to $37.00 in a research note on Wednesday, May 29th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat.com, Bank OZK has a consensus rating of “Hold” and a consensus price target of $46.57.

About Bank OZK

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.