Bank OZK (NASDAQ:OZK) Shares Acquired by Raymond James Trust N.A.

Raymond James Trust N.A. boosted its stake in Bank OZK (NASDAQ:OZK) by 6.0% during the third quarter, Holdings Channel.com reports. The fund owned 7,184 shares of the company’s stock after purchasing an additional 407 shares during the quarter. Raymond James Trust N.A.’s holdings in Bank OZK were worth $309,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its stake in Bank OZK by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,941,431 shares of the company’s stock worth $169,442,000 after buying an additional 112,648 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Bank OZK by 291.5% in the second quarter. AQR Capital Management LLC now owns 2,371,892 shares of the company’s stock worth $95,848,000 after acquiring an additional 1,765,974 shares during the last quarter. Van Berkom & Associates Inc. increased its position in shares of Bank OZK by 2.0% during the second quarter. Van Berkom & Associates Inc. now owns 2,024,130 shares of the company’s stock worth $82,989,000 after purchasing an additional 40,356 shares in the last quarter. American Century Companies Inc. raised its stake in Bank OZK by 21.9% in the 2nd quarter. American Century Companies Inc. now owns 1,642,293 shares of the company’s stock valued at $67,334,000 after purchasing an additional 295,298 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in Bank OZK by 196.4% in the 2nd quarter. Millennium Management LLC now owns 1,365,393 shares of the company’s stock valued at $55,981,000 after purchasing an additional 904,782 shares in the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Analyst Upgrades and Downgrades

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

Bank OZK Stock Up 0.1 %

OZK stock opened at $49.94 on Thursday. 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 $5.67 billion, a PE ratio of 8.21 and a beta of 1.16. The firm’s 50 day moving average price is $44.78 and its 200-day moving average price is $43.25. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.02.

Bank OZK (NASDAQ:OZK) last posted its earnings results on Thursday, October 17th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. The company had revenue of $423.00 million for the quarter, compared to analysts’ expectations of $419.08 million. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%. On average, equities research analysts anticipate that Bank OZK will post 6.03 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 11th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.28%. The ex-dividend date was Friday, October 11th. This is a boost from Bank OZK’s previous quarterly dividend of $0.40. Bank OZK’s dividend payout ratio is currently 26.97%.

Bank OZK Company 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.