Alpha DNA Investment Management LLC Makes New $529,000 Investment in Bank OZK (NASDAQ:OZK)

Alpha DNA Investment Management LLC bought a new position in Bank OZK (NASDAQ:OZK) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 12,314 shares of the company’s stock, valued at approximately $529,000.

A number of other large investors have also made changes to their positions in the company. PSI Advisors LLC grew its position in Bank OZK by 20,933.3% during the 2nd quarter. PSI Advisors LLC now owns 631 shares of the company’s stock worth $26,000 after purchasing an additional 628 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of Bank OZK in the first quarter worth $29,000. Versant Capital Management Inc grew its holdings in shares of Bank OZK by 423.0% during the second quarter. Versant Capital Management Inc now owns 978 shares of the company’s stock valued at $40,000 after buying an additional 791 shares in the last quarter. Assetmark Inc. raised its position in Bank OZK by 73.8% during the third quarter. Assetmark Inc. now owns 968 shares of the company’s stock valued at $42,000 after buying an additional 411 shares during the period. Finally, American National Bank & Trust purchased a new stake in Bank OZK in the 3rd quarter worth about $44,000. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Trading Up 2.0 %

Shares of NASDAQ:OZK opened at $49.33 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $5.60 billion, a PE ratio of 8.11 and a beta of 1.16. Bank OZK has a 1 year low of $37.43 and a 1 year high of $52.36. The firm has a fifty day moving average price of $44.45 and a 200 day moving average price of $43.27.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings results on Thursday, October 17th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.02. Bank OZK had a return on equity of 14.15% and a net margin of 26.07%. The company had revenue of $423.00 million during the quarter, compared to the consensus estimate of $419.08 million. Analysts expect that Bank OZK will post 6.03 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 11th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.32%. This is a boost from Bank OZK’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, October 11th. Bank OZK’s payout ratio is presently 26.97%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on OZK shares. Raymond James cut Bank OZK from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. Piper Sandler boosted their price objective on shares of Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Truist Financial cut their target price on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a research report on Monday, October 21st. Morgan Stanley boosted their price target on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Finally, Stephens increased their price objective on Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Bank OZK presently has an average rating of “Hold” and an average price target of $48.50.

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.