Numerai GP LLC Buys Shares of 39,492 Bank OZK $OZK

Numerai GP LLC purchased a new position in Bank OZK (NASDAQ:OZK) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 39,492 shares of the company’s stock, valued at approximately $2,013,000.

A number of other large investors have also made changes to their positions in the business. Root Financial Partners LLC acquired a new stake in shares of Bank OZK in the 3rd quarter worth $27,000. BOKF NA acquired a new position in Bank OZK during the 3rd quarter valued at about $27,000. Highline Wealth Partners LLC purchased a new stake in Bank OZK in the third quarter valued at about $28,000. True Wealth Design LLC raised its stake 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 during the last quarter. Finally, AdvisorNet Financial Inc boosted its holdings in 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 in the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

Bank OZK Price Performance

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

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings data on Tuesday, January 20th. The company reported $1.53 EPS for the quarter, missing the consensus estimate 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 net margin of 25.50% and a return on equity of 12.65%. During the same quarter in the previous year, the firm posted $1.56 earnings per share. On average, sell-side analysts forecast that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on OZK. Stephens cut their price objective on shares of Bank OZK from $64.00 to $62.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. Zacks Research upgraded shares of Bank OZK from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 7th. TD Cowen dropped their target price on shares of Bank OZK from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, January 22nd. Citigroup reissued a “sell” rating on shares of Bank OZK in a report on Monday, January 5th. Finally, UBS Group reissued a “neutral” rating and issued a $51.00 target price on shares of Bank OZK in a research report on Tuesday, January 6th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.