Capstone Investment Advisors LLC Sells 6,082 Shares of Bank OZK (NASDAQ:OZK)

Capstone Investment Advisors LLC reduced its position in Bank OZK (NASDAQ:OZK) by 56.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,685 shares of the company’s stock after selling 6,082 shares during the period. Capstone Investment Advisors LLC’s holdings in Bank OZK were worth $201,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. AQR Capital Management LLC lifted its stake in shares of Bank OZK by 291.5% in the second quarter. AQR Capital Management LLC now owns 2,371,892 shares of the company’s stock valued at $95,848,000 after buying an additional 1,765,974 shares in the last quarter. Millennium Management LLC lifted its position in Bank OZK by 196.4% in the 2nd quarter. Millennium Management LLC now owns 1,365,393 shares of the company’s stock valued at $55,981,000 after acquiring an additional 904,782 shares in the last quarter. Victory Capital Management Inc. boosted 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 during the last quarter. Berkley W R Corp bought a new stake in Bank OZK during the 2nd quarter worth approximately $24,600,000. Finally, Senvest Management LLC bought a new position in shares of Bank OZK in the third quarter valued at approximately $22,306,000. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Stock Up 0.1 %

Bank OZK stock opened at $49.97 on Friday. The firm has a 50 day simple moving average of $45.19 and a 200 day simple moving average of $43.32. 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 1-year low of $37.43 and a 1-year high of $52.36. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 8.22 and a beta of 1.16.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings results on Thursday, October 17th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate 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. On average, analysts predict that Bank OZK will post 6.03 earnings per share for the current year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 11th were given a $0.41 dividend. This is a positive change from Bank OZK’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date was Friday, October 11th. Bank OZK’s dividend payout ratio (DPR) is 26.97%.

Analyst Ratings Changes

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

Bank OZK 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.