Semanteon Capital Management LP Buys Shares of 8,110 Bank OZK $OZK

Semanteon Capital Management LP acquired a new stake in Bank OZK (NASDAQ:OZK) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 8,110 shares of the company’s stock, valued at approximately $382,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in Bank OZK by 13.4% during the first quarter. PNC Financial Services Group Inc. now owns 6,614 shares of the company’s stock worth $287,000 after buying an additional 782 shares in the last quarter. Truist Financial Corp lifted its stake in shares of Bank OZK by 7.1% during the second quarter. Truist Financial Corp now owns 16,494 shares of the company’s stock valued at $776,000 after acquiring an additional 1,088 shares during the period. Raymond James Financial Inc. grew its position in shares of Bank OZK by 8.5% during the 1st quarter. Raymond James Financial Inc. now owns 343,066 shares of the company’s stock worth $14,906,000 after buying an additional 26,946 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Bank OZK by 42.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 185,720 shares of the company’s stock valued at $9,093,000 after purchasing an additional 55,740 shares during the period. Finally, Campbell & CO Investment Adviser LLC boosted its position in shares of Bank OZK by 1,175.4% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 75,148 shares of the company’s stock worth $3,536,000 after purchasing an additional 69,256 shares during the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on OZK shares. Wall Street Zen cut shares of Bank OZK from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Cowen restated a “buy” rating on shares of Bank OZK in a report on Tuesday, October 21st. Wells Fargo & Company lifted their price objective on Bank OZK from $49.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, September 29th. Zacks Research cut Bank OZK from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Finally, Stephens raised shares of Bank OZK from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $58.00 to $65.00 in a research note on Wednesday, August 20th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Bank OZK presently has an average rating of “Hold” and a consensus price target of $58.75.

Bank OZK Stock Performance

Shares of OZK opened at $44.10 on Monday. The company has a current ratio of 1.03, a quick ratio of 1.04 and a debt-to-equity ratio of 0.13. Bank OZK has a 12 month low of $35.71 and a 12 month high of $53.66. The firm has a fifty day simple moving average of $48.70 and a 200 day simple moving average of $48.41. The stock has a market capitalization of $5.02 billion, a price-to-earnings ratio of 7.11 and a beta of 0.94.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings data on Thursday, October 16th. The company reported $1.59 EPS for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.07). The business had revenue of $449.94 million for the quarter, compared to analyst estimates of $447.93 million. Bank OZK had a return on equity of 13.00% and a net margin of 25.81%.During the same quarter in the prior year, the company earned $1.55 earnings per share. Research analysts forecast that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, October 14th were paid a $0.45 dividend. This is a boost from Bank OZK’s previous quarterly dividend of $0.44. This represents a $1.80 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Tuesday, October 14th. Bank OZK’s dividend payout ratio (DPR) is 29.03%.

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.