Dynamic Technology Lab Private Ltd Purchases Shares of 25,520 Bank OZK $OZK

Dynamic Technology Lab Private Ltd bought a new position in Bank OZK (NASDAQ:OZK) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 25,520 shares of the company’s stock, valued at approximately $1,301,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of OZK. Charles Schwab Investment Management Inc. boosted its holdings in shares of Bank OZK by 1.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,406,933 shares of the company’s stock valued at $207,390,000 after purchasing an additional 56,713 shares during the last quarter. First Trust Advisors LP raised its position in shares of Bank OZK by 0.6% in the 3rd quarter. First Trust Advisors LP now owns 2,808,166 shares of the company’s stock worth $143,160,000 after buying an additional 17,427 shares during the period. American Century Companies Inc. raised its position in shares of Bank OZK by 4.3% in the 3rd quarter. American Century Companies Inc. now owns 2,743,655 shares of the company’s stock worth $139,872,000 after buying an additional 112,048 shares during the period. Van Berkom & Associates Inc. boosted its holdings in Bank OZK by 0.7% in the third quarter. Van Berkom & Associates Inc. now owns 1,818,447 shares of the company’s stock valued at $92,704,000 after acquiring an additional 12,733 shares during the last quarter. Finally, Senvest Management LLC boosted its holdings in Bank OZK by 24.4% in the second quarter. Senvest Management LLC now owns 1,581,582 shares of the company’s stock valued at $74,429,000 after acquiring an additional 310,707 shares during the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Trading Down 2.9%

OZK opened at $45.09 on Monday. The firm’s 50 day moving average is $48.04 and its 200-day moving average is $48.31. Bank OZK has a 52-week low of $35.71 and a 52-week high of $53.66. The company has a quick ratio of 1.03, a current ratio of 1.02 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $5.04 billion, a P/E ratio of 7.31 and a beta of 0.93.

Bank OZK (NASDAQ:OZK) last announced its earnings results on Tuesday, January 20th. The company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.03). The firm had revenue of $436.29 million during the quarter, compared to analysts’ expectations 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 last year, the company posted $1.56 earnings per share. Analysts expect that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Tuesday, January 13th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 4.1%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, January 13th. Bank OZK’s payout ratio is presently 29.82%.

Wall Street Analyst Weigh In

Several brokerages have commented on OZK. Stephens dropped their price target 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. Citigroup reiterated a “sell” rating on shares of Bank OZK in a report on Monday, January 5th. UBS Group reissued a “neutral” rating and set a $51.00 target price on shares of Bank OZK in a research report on Tuesday, January 6th. TD Cowen cut their price target on shares of Bank OZK from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, January 22nd. Finally, Zacks Research raised shares of Bank OZK from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 7th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Bank OZK has an average 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.