XTX Topco Ltd Boosts Position in Bank OZK (NASDAQ:OZK)

XTX Topco Ltd grew its position in Bank OZK (NASDAQ:OZK) by 144.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 13,198 shares of the company’s stock after purchasing an additional 7,800 shares during the period. XTX Topco Ltd’s holdings in Bank OZK were worth $541,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PSI Advisors LLC increased its holdings in Bank OZK by 20,933.3% during the 2nd quarter. PSI Advisors LLC now owns 631 shares of the company’s stock valued at $26,000 after acquiring an additional 628 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of Bank OZK in the first quarter valued at approximately $29,000. Principal Securities Inc. purchased a new position in shares of Bank OZK during the 4th quarter worth approximately $31,000. Versant Capital Management Inc raised its position in shares of Bank OZK by 423.0% during the 2nd quarter. Versant Capital Management Inc now owns 978 shares of the company’s stock worth $40,000 after purchasing an additional 791 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in Bank OZK during the 2nd quarter valued at $46,000. Institutional investors and hedge funds own 86.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on OZK. Truist Financial reduced their price objective on Bank OZK from $49.00 to $48.00 and set a “hold” rating on the stock in a research report on Friday. Wells Fargo & Company lowered their price target on shares of Bank OZK from $39.00 to $35.00 and set an “underweight” rating for the company in a report on Thursday, June 6th. Citigroup lowered shares of Bank OZK from a “buy” rating to a “sell” rating and decreased their target price for the stock from $57.00 to $37.00 in a research report on Wednesday, May 29th. Stephens reiterated an “equal weight” rating and issued a $50.00 price target on shares of Bank OZK in a report on Thursday, July 18th. Finally, StockNews.com upgraded Bank OZK from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $46.57.

Bank OZK Price Performance

OZK stock opened at $42.28 on Tuesday. The stock has a 50-day moving average price of $42.86 and a two-hundred day moving average price of $43.14. The company has a market cap of $4.80 billion, a PE ratio of 7.08 and a beta of 1.17. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17. Bank OZK has a 12-month low of $34.76 and a 12-month high of $52.36.

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

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 12th were issued a $0.40 dividend. This is an increase from Bank OZK’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 3.78%. The ex-dividend date was Friday, July 12th. Bank OZK’s dividend payout ratio is currently 26.80%.

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.