42,000 Shares in Bank OZK $OZK Bought by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. bought a new position in Bank OZK (NASDAQ:OZK) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 42,000 shares of the company’s stock, valued at approximately $2,141,000.

A number of other hedge funds have also recently made changes to their positions in OZK. Root Financial Partners LLC bought a new stake in shares of Bank OZK during the third quarter worth about $27,000. Hantz Financial Services Inc. increased its position in Bank OZK by 58.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 590 shares of the company’s stock valued at $28,000 after acquiring an additional 217 shares during the period. Highline Wealth Partners LLC bought a new position in shares of Bank OZK during the third quarter valued at $28,000. True Wealth Design LLC raised its stake in shares of Bank OZK by 147.0% during the third quarter. True Wealth Design LLC now owns 568 shares of the company’s stock valued at $29,000 after acquiring an additional 338 shares during the last quarter. Finally, AdvisorNet Financial Inc lifted its holdings in shares of Bank OZK by 82.2% during the third quarter. AdvisorNet Financial Inc now owns 665 shares of the company’s stock worth $34,000 after purchasing an additional 300 shares during the period. 86.18% of the stock is owned by institutional investors and hedge funds.

Bank OZK Price Performance

Shares of OZK opened at $46.47 on Wednesday. The firm has a market cap of $5.20 billion, a PE ratio of 7.53 and a beta of 0.90. Bank OZK has a 52-week low of $35.71 and a 52-week high of $53.66. The business’s 50 day moving average price is $46.99 and its two-hundred day moving average price is $48.60. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.03 and a current ratio of 1.02.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings data 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). Bank OZK had a net margin of 25.50% and a return on equity of 12.65%. The company had revenue of $436.29 million during the quarter, compared to the consensus estimate of $434.68 million. During the same quarter in the prior year, the firm earned $1.56 EPS. On average, equities 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, January 20th. Shareholders of record on Tuesday, January 13th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 4.0%. This is an increase from Bank OZK’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Tuesday, January 13th. Bank OZK’s payout ratio is presently 29.82%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Wall Street Zen raised Bank OZK from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. Keefe, Bruyette & Woods cut their price objective on Bank OZK from $53.00 to $50.00 and set a “market perform” rating on the stock in a research note on Monday, October 20th. Morgan Stanley decreased their target price on shares of Bank OZK from $59.00 to $57.00 and set an “equal weight” rating for the company in a research report on Thursday, January 22nd. Citigroup restated a “sell” rating on shares of Bank OZK in a research report on Monday, January 5th. Finally, Stephens decreased their price objective on shares of Bank OZK from $64.00 to $62.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $56.78.

Bank OZK Company 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.