Numerai GP LLC Purchases New Position in Bank OZK $OZK

Numerai GP LLC purchased a new stake in Bank OZK (NASDAQ:OZK) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 39,492 shares of the company’s stock, valued at approximately $2,013,000.

Several other hedge funds have also bought and sold shares of OZK. Root Financial Partners LLC acquired a new position in shares of Bank OZK in the 3rd quarter valued at $27,000. BOKF NA acquired a new stake in Bank OZK during the third quarter valued at $27,000. Highline Wealth Partners LLC purchased a new position in Bank OZK in the third quarter valued at $28,000. True Wealth Design LLC increased its holdings in Bank OZK by 147.0% in the third quarter. True Wealth Design LLC now owns 568 shares of the company’s stock valued at $29,000 after buying an additional 338 shares in 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 worth $34,000 after acquiring an additional 300 shares during the period. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Bank OZK Stock Up 1.2%

OZK opened at $43.91 on Tuesday. The company has a market cap of $4.91 billion, a PE ratio of 7.12 and a beta of 0.93. Bank OZK has a twelve month low of $35.71 and a twelve month high of $53.66. The company has a 50-day moving average price of $47.74 and a 200 day moving average price of $47.97. The company has a quick ratio of 1.03, a current ratio of 1.02 and a debt-to-equity ratio of 0.08.

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

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 13th were paid a $0.46 dividend. This is a boost from Bank OZK’s previous quarterly dividend of $0.45. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Tuesday, January 13th. Bank OZK’s dividend payout ratio is presently 29.82%.

Wall Street Analysts Forecast Growth

OZK has been the topic of several recent analyst reports. UBS Group reissued a “neutral” rating and set a $51.00 target price on shares of Bank OZK in a research note on Tuesday, January 6th. Piper Sandler set a $62.00 price target on Bank OZK in a research report on Thursday, January 22nd. Wall Street Zen raised Bank OZK from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. TD Cowen cut their price objective on Bank OZK from $56.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, January 22nd. Finally, Stephens reduced their target price on Bank OZK from $64.00 to $62.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Bank OZK has an average rating of “Hold” and a consensus target price of $57.22.

Bank OZK 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.