Picton Mahoney Asset Management Grows Position in Bank OZK $OZK

Picton Mahoney Asset Management raised its position in Bank OZK (NASDAQ:OZK) by 179.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,852 shares of the company’s stock after buying an additional 24,319 shares during the quarter. Picton Mahoney Asset Management’s holdings in Bank OZK were worth $1,930,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of OZK. Hussman Strategic Advisors Inc. acquired a new stake in Bank OZK during the 3rd quarter worth $2,141,000. Allianz Asset Management GmbH acquired a new position in Bank OZK in the third quarter valued at $2,026,000. Nomura Holdings Inc. raised its holdings in shares of Bank OZK by 160.6% in the second quarter. Nomura Holdings Inc. now owns 107,000 shares of the company’s stock valued at $5,035,000 after buying an additional 65,946 shares during the last quarter. AlphaQuest LLC boosted its stake in shares of Bank OZK by 64.6% during the third quarter. AlphaQuest LLC now owns 78,731 shares of the company’s stock worth $4,014,000 after buying an additional 30,888 shares during the period. Finally, Villanova Investment Management Co LLC boosted its stake in shares of Bank OZK by 37.1% during the third quarter. Villanova Investment Management Co LLC now owns 125,780 shares of the company’s stock worth $6,412,000 after buying an additional 34,049 shares during the period. 86.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. TD Cowen dropped 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. Weiss Ratings reiterated a “buy (b-)” rating on shares of Bank OZK in a research note on Tuesday, January 27th. UBS Group reissued a “neutral” rating and issued a $51.00 target price on shares of Bank OZK in a report on Tuesday, January 6th. Citigroup restated a “sell” rating on shares of Bank OZK in a research note on Monday, January 5th. Finally, Stephens lowered their price objective on shares of Bank OZK from $64.00 to $62.00 and set an “overweight” rating on the stock in a research report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $57.22.

Bank OZK Stock Down 0.8%

OZK opened at $46.45 on Friday. 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 has a 12 month low of $35.71 and a 12 month high of $53.66. The stock has a market capitalization of $5.20 billion, a P/E ratio of 7.53 and a beta of 0.93. The business has a 50 day simple moving average of $48.08 and a 200-day simple moving average of $48.36.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings data on Tuesday, January 20th. The company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.03). The business had revenue of $436.29 million for 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 period in the prior year, the company earned $1.56 EPS. On average, equities analysts anticipate that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 13th were paid a dividend of $0.46 per share. This is a boost from Bank OZK’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Tuesday, January 13th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.0%. Bank OZK’s dividend payout ratio is currently 29.82%.

About Bank OZK

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.