Stifel Financial Corp Raises Stock Position in Bank OZK (NASDAQ:OZK)

Stifel Financial Corp boosted its position in shares of Bank OZK (NASDAQ:OZK) by 13.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,801 shares of the company’s stock after acquiring an additional 3,033 shares during the period. Stifel Financial Corp’s holdings in Bank OZK were worth $1,109,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in Bank OZK by 291.5% in the second quarter. AQR Capital Management LLC now owns 2,371,892 shares of the company’s stock worth $95,848,000 after acquiring an additional 1,765,974 shares in the last quarter. Captrust Financial Advisors boosted its stake in Bank OZK by 124.6% in the 3rd quarter. Captrust Financial Advisors now owns 1,698,856 shares of the company’s stock worth $73,034,000 after purchasing an additional 942,309 shares in the last quarter. Millennium Management LLC grew its position in Bank OZK by 196.4% during the 2nd quarter. Millennium Management LLC now owns 1,365,393 shares of the company’s stock worth $55,981,000 after purchasing an additional 904,782 shares during the last quarter. Victory Capital Management Inc. increased its stake in Bank OZK by 483.9% during the 2nd 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 in the last quarter. Finally, Berkley W R Corp purchased a new position in shares of Bank OZK in the second quarter worth $24,600,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on OZK. Piper Sandler upped their target price on Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Raymond James cut Bank OZK from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. Stephens upped their target price on Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. UBS Group started coverage on shares of Bank OZK in a report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price target on the stock. Finally, Truist Financial cut their price objective on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a research note on Monday, October 21st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $49.33.

Bank OZK Stock Performance

OZK opened at $43.83 on Monday. Bank OZK has a 1 year low of $37.43 and a 1 year high of $51.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a fifty day moving average price of $46.60 and a 200 day moving average price of $43.52. The stock has a market cap of $4.97 billion, a P/E ratio of 7.21 and a beta of 1.18.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings results on Thursday, October 17th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.02. Bank OZK had a return on equity of 14.15% and a net margin of 26.07%. The company had revenue of $423.00 million during the quarter, compared to analysts’ expectations of $419.08 million. Equities research analysts anticipate that Bank OZK will post 6.03 earnings per share for the current year.

Bank OZK Increases Dividend

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

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.