Senvest Management LLC Invests $22.31 Million in Bank OZK (NASDAQ:OZK)

Senvest Management LLC bought a new position in shares of Bank OZK (NASDAQ:OZK) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 518,859 shares of the company’s stock, valued at approximately $22,306,000. Bank OZK accounts for about 0.8% of Senvest Management LLC’s portfolio, making the stock its 29th biggest holding. Senvest Management LLC owned about 0.46% of Bank OZK at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of OZK. LRI Investments LLC bought a new stake in shares of Bank OZK in the 1st quarter worth approximately $29,000. PSI Advisors LLC raised its stake in shares of Bank OZK by 20,933.3% in the second quarter. PSI Advisors LLC now owns 631 shares of the company’s stock valued at $26,000 after purchasing an additional 628 shares in the last quarter. Assetmark Inc. lifted its position in Bank OZK by 73.8% in the third quarter. Assetmark Inc. now owns 968 shares of the company’s stock worth $42,000 after purchasing an additional 411 shares during the period. Versant Capital Management Inc boosted its stake in Bank OZK by 423.0% during the second quarter. Versant Capital Management Inc now owns 978 shares of the company’s stock worth $40,000 after buying an additional 791 shares in the last quarter. Finally, American National Bank & Trust bought a new stake in Bank OZK in the 3rd quarter valued at $44,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Bank OZK Stock Up 2.0 %

NASDAQ OZK opened at $49.33 on Friday. The stock’s 50 day simple moving average is $44.45 and its 200 day simple moving average is $43.27. Bank OZK has a one year low of $37.43 and a one year high of $52.36. The firm has a market cap of $5.60 billion, a PE ratio of 8.11 and a beta of 1.16. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.02 and a quick ratio of 1.02.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings data on Thursday, October 17th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $419.08 million. As a group, sell-side analysts forecast that Bank OZK will post 6.03 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 11th were issued a dividend of $0.41 per share. The ex-dividend date was Friday, October 11th. This represents a $1.64 dividend on an annualized basis and a yield of 3.32%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.40. Bank OZK’s dividend payout ratio is currently 26.97%.

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.