Y Intercept Hong Kong Ltd Buys 16,172 Shares of Bank OZK $OZK

Y Intercept Hong Kong Ltd grew its stake in Bank OZK (NASDAQ:OZK) by 133.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,246 shares of the company’s stock after buying an additional 16,172 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Bank OZK were worth $1,440,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Root Financial Partners LLC bought a new position in shares of Bank OZK in the 3rd quarter valued at approximately $27,000. Hantz Financial Services Inc. boosted its position in Bank OZK by 58.2% during 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 period. Highline Wealth Partners LLC acquired a new position in Bank OZK during the third quarter valued at approximately $28,000. True Wealth Design LLC grew its holdings in Bank OZK by 147.0% during the third quarter. True Wealth Design LLC now owns 568 shares of the company’s stock valued at $29,000 after purchasing an additional 338 shares during the last quarter. Finally, AdvisorNet Financial Inc raised its position in shares of Bank OZK by 82.2% in the third quarter. AdvisorNet Financial Inc now owns 665 shares of the company’s stock valued at $34,000 after purchasing an additional 300 shares during the period. Institutional investors own 86.18% of the company’s stock.

Bank OZK Stock Up 0.7%

OZK stock opened at $47.56 on Friday. Bank OZK has a twelve month low of $35.71 and a twelve month high of $53.66. The company has a quick ratio of 1.03, a current ratio of 1.02 and a debt-to-equity ratio of 0.08. The company has a market cap of $5.32 billion, a PE ratio of 7.71 and a beta of 0.90. The business’s 50-day simple moving average is $47.19 and its 200 day simple moving average is $48.54.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings results on Tuesday, January 20th. The company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.03). Bank OZK had a net margin of 25.50% and a return on equity of 12.65%. The firm had revenue of $436.29 million during the quarter, compared to analyst estimates of $434.68 million. During the same period last year, the company earned $1.56 EPS. On average, research analysts anticipate that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 13th were paid a dividend of $0.46 per share. This is an increase from Bank OZK’s previous quarterly dividend of $0.45. This represents a $1.84 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Tuesday, January 13th. Bank OZK’s dividend payout ratio is presently 29.82%.

Analyst Ratings Changes

Several analysts recently issued reports on OZK shares. Stephens decreased their price objective on shares of Bank OZK from $64.00 to $62.00 and set an “overweight” rating for the company in a report on Thursday, January 22nd. Keefe, Bruyette & Woods dropped their target price on shares of Bank OZK from $53.00 to $50.00 and set a “market perform” rating on the stock in a report on Monday, October 20th. Piper Sandler set a $62.00 price target on shares of Bank OZK in a report on Thursday, January 22nd. TD Cowen lowered their price target on Bank OZK from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, January 22nd. Finally, Morgan Stanley cut their price objective on Bank OZK from $59.00 to $57.00 and set an “equal weight” rating for the company in a research report on Thursday, January 22nd. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $56.78.

Bank OZK Company Profile

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank’s core operations focus on commercial real estate lending, including acquisition, development and construction financing.