Bank OZK Sees Unusually Large Options Volume (NASDAQ:OZK)

Bank OZK (NASDAQ:OZK) was the recipient of unusually large options trading activity on Monday. Traders acquired 3,805 put options on the stock. This represents an increase of 75% compared to the typical daily volume of 2,173 put options.

Bank OZK Stock Performance

Shares of NASDAQ:OZK traded up $0.26 on Monday, hitting $40.18. 178,137 shares of the company were exchanged, compared to its average volume of 1,271,612. The company’s 50 day moving average price is $42.85 and its two-hundred day moving average price is $43.27. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 6.69 and a beta of 1.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.02. Bank OZK has a one year low of $34.76 and a one year high of $52.36.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings data on Wednesday, July 17th. The company reported $1.52 earnings per share for the quarter, hitting the consensus estimate of $1.52. The company had revenue of $416.78 million for the quarter, compared to analyst estimates of $414.39 million. Bank OZK had a return on equity of 14.50% and a net margin of 27.04%. Bank OZK’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.47 EPS. Research analysts expect that Bank OZK will post 6.01 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 12th were paid a $0.40 dividend. This is a positive change from Bank OZK’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend was Friday, July 12th. Bank OZK’s dividend payout ratio is currently 26.80%.

Institutional Trading of Bank OZK

Several institutional investors have recently bought and sold shares of OZK. Sanctuary Advisors LLC bought a new stake in Bank OZK during the second quarter worth about $1,292,000. Cetera Investment Advisers grew its position in Bank OZK by 28.8% during the 2nd quarter. Cetera Investment Advisers now owns 30,302 shares of the company’s stock worth $1,242,000 after acquiring an additional 6,774 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Bank OZK during the 2nd quarter valued at $10,029,000. Quarry LP raised its position in Bank OZK by 373.4% in the 2nd quarter. Quarry LP now owns 1,690 shares of the company’s stock valued at $69,000 after purchasing an additional 1,333 shares during the last quarter. Finally, Creative Planning boosted its stake in Bank OZK by 25.9% in the second quarter. Creative Planning now owns 19,431 shares of the company’s stock worth $797,000 after purchasing an additional 3,999 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on OZK. StockNews.com raised shares of Bank OZK from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Truist Financial upped their price target on shares of Bank OZK from $41.00 to $49.00 and gave the stock a “hold” rating in a research note on Monday, July 22nd. Morgan Stanley lifted their price objective on Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Stephens reaffirmed an “equal weight” rating and issued a $50.00 target price on shares of Bank OZK in a research report on Thursday, July 18th. Finally, Citigroup lowered Bank OZK from a “buy” rating to a “sell” rating and reduced their price target for the company from $57.00 to $37.00 in a report on Wednesday, May 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $46.71.

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.