Victory Capital Management Inc. Has $17.86 Million Stock Holdings in Bank OZK $OZK

Victory Capital Management Inc. boosted its holdings in shares of Bank OZK (NASDAQ:OZK) by 7.6% in the third quarter, Holdings Channel reports. The firm owned 350,354 shares of the company’s stock after purchasing an additional 24,752 shares during the quarter. Victory Capital Management Inc.’s holdings in Bank OZK were worth $17,861,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Root Financial Partners LLC acquired a new position in shares of Bank OZK in the 3rd quarter worth approximately $27,000. Highline Wealth Partners LLC bought a new stake in Bank OZK in the third quarter valued at $28,000. True Wealth Design LLC raised its stake in Bank OZK by 147.0% during the third quarter. True Wealth Design LLC now owns 568 shares of the company’s stock worth $29,000 after acquiring an additional 338 shares in the last quarter. 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 valued at $34,000 after acquiring an additional 300 shares during the period. Finally, Quent Capital LLC acquired a new stake in shares of Bank OZK in the 3rd quarter valued at $35,000. 86.18% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

OZK has been the topic of several analyst reports. UBS Group reaffirmed a “neutral” rating and issued a $51.00 target price on shares of Bank OZK in a report on Tuesday, January 6th. Piper Sandler set a $62.00 price target on shares of Bank OZK in a research report on Thursday, January 22nd. Zacks Research raised shares of Bank OZK from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 7th. Morgan Stanley lifted their target price on shares of Bank OZK from $57.00 to $61.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. Finally, Stephens reduced their target price on Bank OZK from $64.00 to $62.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Bank OZK has a consensus rating of “Hold” and an average target price of $57.22.

Bank OZK Stock Down 0.6%

Shares of NASDAQ OZK opened at $44.50 on Wednesday. Bank OZK has a 12-month low of $35.71 and a 12-month high of $53.66. The firm’s 50-day simple moving average is $47.97 and its 200 day simple moving average is $48.22. 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 company has a market cap of $4.98 billion, a price-to-earnings ratio of 7.21 and a beta of 0.93.

Bank OZK (NASDAQ:OZK) last posted 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 analyst estimates of $434.68 million. During the same quarter in the previous year, the business posted $1.56 EPS. On average, research analysts expect that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Tuesday, January 13th were issued a $0.46 dividend. This is an increase from Bank OZK’s previous quarterly dividend of $0.45. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Tuesday, January 13th. Bank OZK’s dividend payout ratio (DPR) is 29.82%.

About Bank OZK

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.