Nomura Holdings Inc. Has $5.04 Million Stock Holdings in Bank OZK $OZK

Nomura Holdings Inc. grew its stake in shares of Bank OZK (NASDAQ:OZK) by 160.6% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 107,000 shares of the company’s stock after acquiring an additional 65,946 shares during the quarter. Nomura Holdings Inc. owned about 0.09% of Bank OZK worth $5,035,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Truist Financial Corp lifted its holdings in shares of Bank OZK by 7.1% during the 2nd quarter. Truist Financial Corp now owns 16,494 shares of the company’s stock worth $776,000 after acquiring an additional 1,088 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Bank OZK by 57.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 694,956 shares of the company’s stock valued at $32,705,000 after purchasing an additional 253,001 shares in the last quarter. Twin Lions Management LLC lifted its stake in Bank OZK by 23.1% during the second quarter. Twin Lions Management LLC now owns 340,330 shares of the company’s stock worth $16,016,000 after purchasing an additional 63,800 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Bank OZK by 8.5% in the 1st quarter. Raymond James Financial Inc. now owns 343,066 shares of the company’s stock valued at $14,906,000 after purchasing an additional 26,946 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Bank OZK by 42.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 185,720 shares of the company’s stock valued at $9,093,000 after purchasing an additional 55,740 shares in the last quarter. Institutional investors own 86.18% of the company’s stock.

Bank OZK Stock Performance

NASDAQ:OZK opened at $48.13 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.13. Bank OZK has a twelve month low of $35.71 and a twelve month high of $53.66. The company has a fifty day moving average of $46.30 and a 200-day moving average of $48.55. The firm has a market capitalization of $5.38 billion, a P/E ratio of 7.76 and a beta of 0.92.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings results on Thursday, October 16th. The company reported $1.59 earnings per share for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.07). The firm had revenue of $449.94 million for the quarter, compared to analyst estimates 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 earnings per share. As a group, sell-side analysts anticipate 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, October 21st. Investors of record on Tuesday, October 14th were given a dividend of $0.45 per share. The ex-dividend date was Tuesday, October 14th. This is an increase from Bank OZK’s previous quarterly dividend of $0.44. This represents a $1.80 annualized dividend and a yield of 3.7%. Bank OZK’s dividend payout ratio (DPR) is currently 29.03%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on OZK shares. Wells Fargo & Company lifted their target price on Bank OZK from $49.00 to $50.00 and gave the company an “equal weight” rating in a research report on Monday, September 29th. UBS Group decreased their price target on shares of Bank OZK from $57.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, October 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Bank OZK in a research report on Thursday, October 30th. Wall Street Zen lowered shares of Bank OZK from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Finally, Zacks Research downgraded shares of Bank OZK from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Bank OZK presently has a consensus rating of “Hold” and a consensus price target of $58.75.

About Bank OZK

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.