Senvest Management LLC Takes Position in Bank OZK (NASDAQ:OZK)

Senvest Management LLC bought a new position in shares of Bank OZK (NASDAQ:OZK) in the third quarter, HoldingsChannel reports. The institutional investor bought 518,859 shares of the company’s stock, valued at approximately $22,306,000. Bank OZK comprises about 0.8% of Senvest Management LLC’s holdings, making the stock its 29th largest holding.

Several other large investors have also made changes to their positions in the company. Tidal Investments LLC boosted its stake in Bank OZK by 4.0% in the first quarter. Tidal Investments LLC now owns 5,491 shares of the company’s stock valued at $250,000 after acquiring an additional 210 shares during the last quarter. Evergreen Capital Management LLC boosted its position in shares of Bank OZK by 8.3% in the 2nd quarter. Evergreen Capital Management LLC now owns 5,079 shares of the company’s stock worth $208,000 after purchasing an additional 388 shares during the last quarter. Naples Global Advisors LLC grew its stake in shares of Bank OZK by 2.5% during the second quarter. Naples Global Advisors LLC now owns 16,550 shares of the company’s stock worth $679,000 after purchasing an additional 400 shares during the period. Raymond James Trust N.A. grew its stake in shares of Bank OZK by 6.0% during the third quarter. Raymond James Trust N.A. now owns 7,184 shares of the company’s stock worth $309,000 after purchasing an additional 407 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its stake in Bank OZK by 0.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 82,134 shares of the company’s stock valued at $3,733,000 after buying an additional 409 shares during the period. Institutional investors and hedge funds own 86.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on OZK shares. Truist Financial cut their price target on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a research report on Monday, October 21st. Raymond James lowered shares of Bank OZK from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 17th. Morgan Stanley lifted their price target on shares of Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Stephens upped their price objective on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Finally, Piper Sandler lifted their target price on Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Bank OZK currently has an average rating of “Hold” and an average price target of $48.50.

Bank OZK Trading Up 2.0 %

OZK opened at $49.33 on Friday. The stock has a market capitalization of $5.60 billion, a P/E ratio of 8.11 and a beta of 1.16. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. Bank OZK has a 12 month low of $37.43 and a 12 month high of $52.36. The firm’s fifty day simple moving average is $44.45 and its 200 day simple moving average is $43.27.

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

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 11th were paid a $0.41 dividend. This is a boost from Bank OZK’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, October 11th. This represents a $1.64 annualized dividend and a yield of 3.32%. Bank OZK’s payout ratio is presently 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.