Healthcare of Ontario Pension Plan Trust Fund Takes Position in Bank OZK (NASDAQ:OZK)

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Bank OZK (NASDAQ:OZK) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 43,800 shares of the company’s stock, valued at approximately $1,883,000.

Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in shares of Bank OZK in the second quarter worth $873,000. Alpha DNA Investment Management LLC purchased a new position in Bank OZK in the 3rd quarter worth about $529,000. D. E. Shaw & Co. Inc. grew its position in Bank OZK by 115.0% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 715,844 shares of the company’s stock worth $29,350,000 after purchasing an additional 382,896 shares during the period. M&G Plc raised its stake in Bank OZK by 12.4% during the 2nd quarter. M&G Plc now owns 210,801 shares of the company’s stock valued at $8,643,000 after buying an additional 23,309 shares during the last quarter. Finally, Artemis Investment Management LLP bought a new position in shares of Bank OZK during the 2nd quarter valued at $3,623,000. 86.18% of the stock is owned by hedge funds and other institutional investors.

Bank OZK Stock Up 0.1 %

OZK opened at $49.97 on Monday. The stock has a market cap of $5.67 billion, a price-to-earnings ratio of 8.22 and a beta of 1.16. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.02. The firm’s fifty day moving average is $45.19 and its 200 day moving average is $43.28. Bank OZK has a fifty-two week low of $37.43 and a fifty-two week high of $52.36.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings data on Thursday, October 17th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.53 by $0.02. Bank OZK had a return on equity of 14.15% and a net margin of 26.07%. The business had revenue of $423.00 million for the quarter, compared to the consensus estimate of $419.08 million. On average, sell-side analysts forecast that Bank OZK will post 6.03 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 11th were issued a dividend of $0.41 per share. This is a positive change from Bank OZK’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date was Friday, October 11th. Bank OZK’s dividend payout ratio (DPR) is 26.97%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on OZK shares. Morgan Stanley upped 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. Piper Sandler increased their price objective on shares of Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Truist Financial cut their target price on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a research report on Monday, October 21st. Raymond James downgraded shares of Bank OZK from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. Finally, Stephens boosted their price objective on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $48.50.

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.