Y Intercept Hong Kong Ltd Has $1.44 Million Stock Position in Bank OZK $OZK

Y Intercept Hong Kong Ltd boosted its stake in shares of Bank OZK (NASDAQ:OZK) by 133.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Bank OZK by 1.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 4,406,933 shares of the company’s stock valued at $207,390,000 after acquiring an additional 56,713 shares during the period. First Trust Advisors LP boosted its stake in Bank OZK by 0.3% in the 2nd quarter. First Trust Advisors LP now owns 2,790,739 shares of the company’s stock worth $131,332,000 after purchasing an additional 9,540 shares during the period. American Century Companies Inc. grew its position in Bank OZK by 9.4% during the 2nd quarter. American Century Companies Inc. now owns 2,631,607 shares of the company’s stock worth $123,843,000 after purchasing an additional 226,315 shares in the last quarter. Senvest Management LLC raised its stake in Bank OZK by 24.4% during the 2nd quarter. Senvest Management LLC now owns 1,581,582 shares of the company’s stock valued at $74,429,000 after purchasing an additional 310,707 shares during the period. Finally, Norges Bank purchased a new stake in shares of Bank OZK in the second quarter valued at $68,960,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on OZK. Stephens lowered their price target on Bank OZK from $64.00 to $62.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. Keefe, Bruyette & Woods decreased their price objective on Bank OZK from $53.00 to $50.00 and set a “market perform” rating for the company in a research report on Monday, October 20th. Citigroup reaffirmed a “sell” rating on shares of Bank OZK in a research note on Monday, January 5th. Wall Street Zen raised shares of Bank OZK from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. Finally, UBS Group restated a “neutral” rating and set a $51.00 price target on shares of Bank OZK in a report on Tuesday, January 6th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Bank OZK has a consensus rating of “Hold” and an average target price of $56.78.

Bank OZK Stock Up 0.7%

Shares of Bank OZK stock opened at $47.56 on Friday. The firm has a market cap of $5.32 billion, a price-to-earnings ratio of 7.71 and a beta of 0.90. The stock has a 50-day simple moving average of $47.19 and a 200-day simple moving average of $48.54. Bank OZK has a 52-week low of $35.71 and a 52-week high of $53.66. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.02 and a quick ratio of 1.03.

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

Bank OZK Increases Dividend

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

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.