EMC Capital Management Increases Stake in Bank OZK (NASDAQ:OZK)

EMC Capital Management raised its holdings in shares of Bank OZK (NASDAQ:OZK) by 141.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,214 shares of the company’s stock after acquiring an additional 10,678 shares during the quarter. EMC Capital Management’s holdings in Bank OZK were worth $818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. M&G Plc bought a new position in shares of Bank OZK in the 1st quarter valued at about $8,437,000. State Board of Administration of Florida Retirement System raised its holdings in Bank OZK by 27.1% during the 1st 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 buying an additional 29,993 shares during the period. SG Americas Securities LLC bought a new stake in Bank OZK in the second quarter worth $873,000. BNP Paribas Financial Markets boosted its stake in Bank OZK by 211.3% during the first quarter. BNP Paribas Financial Markets now owns 61,181 shares of the company’s stock worth $2,781,000 after buying an additional 41,527 shares during the period. Finally, Natixis bought a new position in Bank OZK during the first quarter valued at $868,000. Institutional investors own 86.18% of the company’s stock.

Bank OZK Price Performance

Shares of OZK stock opened at $43.84 on Friday. Bank OZK has a fifty-two week low of $36.14 and a fifty-two week high of $52.36. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of 7.21 and a beta of 1.17. The stock’s 50-day simple moving average is $42.69 and its 200-day simple moving average is $43.03.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 11th were paid a dividend of $0.41 per share. This is a positive change from Bank OZK’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.64 dividend on an annualized basis and a yield of 3.74%. Bank OZK’s dividend payout ratio is presently 26.97%.

Analyst Upgrades and Downgrades

OZK has been the topic of a number of analyst reports. 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. Raymond James lowered shares of Bank OZK from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. Piper Sandler raised their price target on shares of Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. StockNews.com upgraded shares of Bank OZK from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. Finally, Truist Financial decreased their price target on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a research note on Monday, October 21st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Bank OZK currently has a consensus rating of “Hold” and an average target price of $48.50.

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.