Corton Capital Inc. Makes New $227,000 Investment in Bank OZK $OZK

Corton Capital Inc. bought a new stake in shares of Bank OZK (NASDAQ:OZK) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,826 shares of the company’s stock, valued at approximately $227,000.

Several other institutional investors have also recently made changes to their positions in OZK. Hantz Financial Services Inc. increased its holdings in shares of Bank OZK by 58.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 590 shares of the company’s stock valued at $28,000 after purchasing an additional 217 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of Bank OZK during the 1st quarter valued at approximately $32,000. Brooklyn Investment Group increased its holdings in shares of Bank OZK by 1,114.3% during the 1st quarter. Brooklyn Investment Group now owns 1,105 shares of the company’s stock valued at $48,000 after purchasing an additional 1,014 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Bank OZK by 70.8% during the 2nd quarter. Parallel Advisors LLC now owns 1,124 shares of the company’s stock valued at $53,000 after purchasing an additional 466 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in shares of Bank OZK by 20.8% during the 2nd quarter. Assetmark Inc. now owns 1,507 shares of the company’s stock valued at $71,000 after purchasing an additional 259 shares in the last quarter. 86.18% of the stock is owned by hedge funds and other institutional investors.

Bank OZK Price Performance

Shares of NASDAQ OZK opened at $44.75 on Tuesday. The firm has a market cap of $5.09 billion, a PE ratio of 7.22 and a beta of 0.88. The firm has a fifty day moving average of $50.17 and a 200 day moving average of $48.27. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.04 and a current ratio of 1.03. Bank OZK has a one year low of $35.71 and a one year high of $53.66.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Thursday, October 16th. The company reported $1.59 EPS for the quarter, missing the consensus estimate of $1.66 by ($0.07). The company had revenue of $449.94 million during the quarter, compared to analysts’ expectations 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 in the previous year, the firm posted $1.55 EPS. As a group, research analysts predict that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 14th were paid a dividend of $0.45 per share. This is a boost from Bank OZK’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Tuesday, October 14th. This represents a $1.80 annualized dividend and a yield of 4.0%. Bank OZK’s dividend payout ratio is presently 29.03%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on OZK shares. National Bankshares set a $67.00 target price on shares of Bank OZK in a report on Wednesday, September 24th. Keefe, Bruyette & Woods cut their target price on shares of Bank OZK from $53.00 to $50.00 and set a “market perform” rating for the company in a report on Monday, October 20th. Wells Fargo & Company lifted their target price on shares of Bank OZK from $49.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, September 29th. Stephens raised shares of Bank OZK from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $58.00 to $65.00 in a report on Wednesday, August 20th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Bank OZK in a report on Thursday, October 30th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Bank OZK presently has a consensus rating of “Hold” and a consensus target price of $58.75.

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.