AXQ Capital LP Invests $883,000 in Bank OZK $OZK

AXQ Capital LP bought a new stake in Bank OZK (NASDAQ:OZK) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 18,769 shares of the company’s stock, valued at approximately $883,000.

A number of other hedge funds have also bought and sold shares of OZK. Charles Schwab Investment Management Inc. grew its stake in Bank OZK by 5.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,350,220 shares of the company’s stock valued at $189,017,000 after purchasing an additional 220,214 shares during the period. American Century Companies Inc. boosted its holdings in shares of Bank OZK by 10.5% in the 1st quarter. American Century Companies Inc. now owns 2,405,292 shares of the company’s stock worth $104,510,000 after buying an additional 228,295 shares during the last quarter. Senvest Management LLC boosted its holdings in shares of Bank OZK by 24.4% in the 2nd quarter. Senvest Management LLC now owns 1,581,582 shares of the company’s stock worth $74,429,000 after buying an additional 310,707 shares during the last quarter. ProShare Advisors LLC grew its position in Bank OZK by 30.6% during the second quarter. ProShare Advisors LLC now owns 784,392 shares of the company’s stock valued at $36,913,000 after buying an additional 183,964 shares during the period. Finally, Newport Trust Company LLC increased its holdings in Bank OZK by 0.6% during the first quarter. Newport Trust Company LLC now owns 656,987 shares of the company’s stock worth $28,546,000 after buying an additional 4,146 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors.

Bank OZK Price Performance

Shares of NASDAQ OZK opened at $44.71 on Friday. The stock has a market cap of $5.08 billion, a PE ratio of 7.21 and a beta of 0.94. Bank OZK has a fifty-two week low of $35.71 and a fifty-two week high of $53.66. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.04 and a current ratio of 1.03. The stock has a fifty day moving average of $47.82 and a 200-day moving average of $48.34.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Thursday, October 16th. The company reported $1.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.07). The company had revenue of $449.94 million for the quarter, compared to analysts’ expectations of $447.93 million. Bank OZK had a return on equity of 13.00% and a net margin of 25.81%.During the same period last year, the company posted $1.55 EPS. Equities research analysts anticipate that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 14th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.0%. This is an increase from Bank OZK’s previous quarterly dividend of $0.44. The ex-dividend date was Tuesday, October 14th. Bank OZK’s dividend payout ratio (DPR) is 29.03%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. UBS Group dropped their target price on shares of Bank OZK from $57.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 28th. Wall Street Zen downgraded Bank OZK from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Zacks Research lowered Bank OZK from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Weiss Ratings restated a “buy (b-)” rating on shares of Bank OZK in a research note on Thursday, October 30th. Finally, Stephens raised Bank OZK from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $58.00 to $65.00 in a research report on Wednesday, August 20th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $58.75.

Bank OZK 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.