Capital Investment Advisors LLC Has $726,000 Stake in Bank OZK $OZK

Capital Investment Advisors LLC trimmed its holdings in Bank OZK (NASDAQ:OZK) by 2.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,417 shares of the company’s stock after selling 346 shares during the period. Capital Investment Advisors LLC’s holdings in Bank OZK were worth $726,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in OZK. CX Institutional acquired a new stake in shares of Bank OZK in the first quarter valued at approximately $30,000. Summit Securities Group LLC acquired a new stake in shares of Bank OZK in the first quarter valued at approximately $32,000. Bruce G. Allen Investments LLC lifted its position in shares of Bank OZK by 4,828.6% in the first quarter. Bruce G. Allen Investments LLC now owns 1,035 shares of the company’s stock valued at $45,000 after buying an additional 1,014 shares during the last quarter. Brooklyn Investment Group lifted its position 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 valued at $48,000 after buying an additional 1,014 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in Bank OZK by 70.8% during the 2nd quarter. Parallel Advisors LLC now owns 1,124 shares of the company’s stock worth $53,000 after purchasing an additional 466 shares during the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

Bank OZK Price Performance

Bank OZK stock opened at $50.86 on Friday. The stock’s fifty day moving average price is $50.95 and its two-hundred day moving average price is $47.18. Bank OZK has a one year low of $35.71 and a one year high of $53.66. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market cap of $5.78 billion, a PE ratio of 8.26 and a beta of 0.88.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings data on Thursday, July 17th. The company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.07. Bank OZK had a return on equity of 13.24% and a net margin of 25.83%.The firm had revenue of $428.04 million for the quarter, compared to analyst estimates of $423.41 million. During the same quarter last year, the company earned $1.52 EPS. As a group, research analysts expect that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 14th will be paid a dividend of $0.45 per share. This is a boost from Bank OZK’s previous quarterly dividend of $0.44. The ex-dividend date is Tuesday, October 14th. This represents a $1.80 dividend on an annualized basis and a yield of 3.5%. Bank OZK’s dividend payout ratio is 28.57%.

Analyst Upgrades and Downgrades

OZK has been the topic of a number of research reports. Raymond James Financial raised Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 price objective on the stock in a report on Tuesday, July 8th. National Bankshares set a $67.00 target price on Bank OZK in a report on Wednesday, September 24th. Morgan Stanley lifted their target price on Bank OZK from $55.00 to $63.00 and gave the stock an “underperform” rating in a report on Monday. Stephens raised Bank OZK from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $58.00 to $65.00 in a report on Wednesday, August 20th. Finally, TD Cowen initiated coverage on Bank OZK in a report on Thursday, September 25th. They set a “buy” rating and a $67.00 target price for the company. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Bank OZK has an average rating of “Hold” and an average price target of $57.80.

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.