Fox Run Management L.L.C. Reduces Stock Position in Bank OZK $OZK

Fox Run Management L.L.C. trimmed its position in shares of Bank OZK (NASDAQ:OZK) by 27.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,464 shares of the company’s stock after selling 3,882 shares during the quarter. Fox Run Management L.L.C.’s holdings in Bank OZK were worth $492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of OZK. Hantz Financial Services Inc. boosted its position in Bank OZK by 58.2% in the second quarter. Hantz Financial Services Inc. now owns 590 shares of the company’s stock worth $28,000 after purchasing an additional 217 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of Bank OZK in the 1st quarter worth approximately $32,000. Atlantic Union Bankshares Corp bought a new position in shares of Bank OZK in the 2nd quarter worth approximately $44,000. Brooklyn Investment Group boosted its holdings in shares of Bank OZK by 1,114.3% in the first quarter. Brooklyn Investment Group now owns 1,105 shares of the company’s stock worth $48,000 after buying an additional 1,014 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Bank OZK during the second quarter valued at approximately $52,000. Institutional investors own 86.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Stephens raised Bank OZK from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $58.00 to $65.00 in a report on Wednesday, August 20th. TD Cowen assumed coverage on shares of Bank OZK in a research note on Thursday, September 25th. They set a “buy” rating and a $67.00 target price for the company. Zacks Research downgraded Bank OZK from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Wall Street Zen downgraded shares of Bank OZK from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Finally, Morgan Stanley increased their price target on Bank OZK from $55.00 to $63.00 and gave the company an “underperform” rating in a report on Monday, September 29th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $58.75.

Bank OZK Stock Performance

OZK stock opened at $44.95 on Wednesday. The business has a 50-day moving average price of $49.20 and a 200 day moving average price of $48.38. Bank OZK has a 1-year low of $35.71 and a 1-year high of $53.66. The company has a market capitalization of $5.11 billion, a P/E ratio of 7.25 and a beta of 0.94. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.04.

Bank OZK (NASDAQ:OZK) last issued 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). Bank OZK had a return on equity of 13.00% and a net margin of 25.81%.The business had revenue of $449.94 million during the quarter, compared to the consensus estimate of $447.93 million. During the same period last year, the firm earned $1.55 EPS. As a group, equities research analysts forecast that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 14th were issued a $0.45 dividend. The ex-dividend date was Tuesday, October 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.0%. This is an increase from Bank OZK’s previous quarterly dividend of $0.44. Bank OZK’s dividend payout ratio (DPR) is 29.03%.

Bank OZK Company 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.