Semanteon Capital Management LP Sells 699 Shares of Bank OZK (NASDAQ:OZK)

Semanteon Capital Management LP reduced its position in shares of Bank OZK (NASDAQ:OZK – Free Report) by 2.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,312 shares of the company’s stock after selling 699 shares during the period. Bank OZK comprises 0.8% of Semanteon Capital Management LP’s investment portfolio, making the stock its 11th largest holding. Semanteon Capital Management LP’s holdings in Bank OZK were worth $1,217,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Tidal Investments LLC lifted its holdings in Bank OZK by 4.0% during the 1st quarter. Tidal Investments LLC now owns 5,491 shares of the company’s stock worth $250,000 after buying an additional 210 shares during the period. HB Wealth Management LLC raised its position in shares of Bank OZK by 3.9% during the first quarter. HB Wealth Management LLC now owns 6,607 shares of the company’s stock worth $300,000 after acquiring an additional 249 shares during the last quarter. Evergreen Capital Management LLC lifted its stake in shares of Bank OZK by 8.3% in the second quarter. Evergreen Capital Management LLC now owns 5,079 shares of the company’s stock worth $208,000 after acquiring an additional 388 shares during the period. Naples Global Advisors LLC boosted its holdings in Bank OZK by 2.5% in the second quarter. Naples Global Advisors LLC now owns 16,550 shares of the company’s stock valued at $679,000 after acquiring an additional 400 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its position in Bank OZK by 0.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 82,134 shares of the company’s stock valued at $3,733,000 after purchasing an additional 409 shares during the period. Institutional investors and hedge funds own 86.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on OZK. Stephens boosted their price target on shares of Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Morgan Stanley boosted their target price 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. Raymond James downgraded Bank OZK from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 17th. Truist Financial dropped their price objective on Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a research note on Monday, October 21st. Finally, StockNews.com raised Bank OZK from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $48.50.

Get Our Latest Stock Report on Bank OZK

Bank OZK Stock Up 1.6 %

NASDAQ:OZK traded up $0.69 on Monday, hitting $44.25. The stock had a trading volume of 8,906 shares, compared to its average volume of 1,270,327. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.12. Bank OZK has a 52 week low of $34.90 and a 52 week high of $52.36. The business’s fifty day moving average is $42.48 and its 200 day moving average is $42.98. The company has a market cap of $5.02 billion, a PE ratio of 7.30 and a beta of 1.17.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 11th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend was Friday, October 11th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.40. Bank OZK’s payout ratio is 27.47%.

Bank OZK Company Profile

(Free Report)

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.

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