Bank OZK (NASDAQ:OZK) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its position in Bank OZK (NASDAQ:OZK - Free Report) by 76.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,631 shares of the company's stock after purchasing an additional 36,266 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.07% of Bank OZK worth $3,715,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James & Associates increased its holdings in Bank OZK by 4.0% in the 3rd quarter. Raymond James & Associates now owns 246,234 shares of the company's stock valued at $10,586,000 after purchasing an additional 9,385 shares in the last quarter. Impact Partnership Wealth LLC boosted its position in shares of Bank OZK by 31.3% in the third quarter. Impact Partnership Wealth LLC now owns 6,575 shares of the company's stock worth $283,000 after buying an additional 1,567 shares during the period. Financial Partners Group LLC grew its stake in shares of Bank OZK by 7.6% in the third quarter. Financial Partners Group LLC now owns 19,896 shares of the company's stock valued at $855,000 after buying an additional 1,403 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Bank OZK by 12.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,327 shares of the company's stock valued at $2,704,000 after buying an additional 7,056 shares during the period. Finally, Pathway Financial Advisers LLC lifted its position in Bank OZK by 4,233.0% during the 3rd quarter. Pathway Financial Advisers LLC now owns 57,455 shares of the company's stock worth $2,470,000 after acquiring an additional 56,129 shares in the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

Bank OZK Stock Down 3.9 %

Bank OZK stock traded down $1.95 during midday trading on Friday, hitting $47.45. The stock had a trading volume of 1,115,549 shares, compared to its average volume of 1,380,437. The business has a fifty day moving average price of $47.78 and a 200 day moving average price of $45.43. Bank OZK has a 12 month low of $37.43 and a 12 month high of $53.64. The stock has a market cap of $5.38 billion, a P/E ratio of 7.73 and a beta of 1.20. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16.

Bank OZK (NASDAQ:OZK - Get Free Report) last issued its earnings results on Thursday, January 16th. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.44 by $0.12. The company had revenue of $412.34 million during the quarter, compared to analyst estimates of $407.19 million. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The business's revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.50 EPS. Research analysts predict that Bank OZK will post 6.03 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 14th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.54%. This is a boost from Bank OZK's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Tuesday, January 14th. Bank OZK's dividend payout ratio is 27.36%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on OZK shares. Stephens increased their price objective on shares of Bank OZK from $53.00 to $57.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 21st. UBS Group began coverage on shares of Bank OZK in a report on Tuesday, December 17th. They set a "neutral" rating and a $51.00 price target for the company. Finally, Wells Fargo & Company upgraded shares of Bank OZK from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $40.00 to $48.00 in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Bank OZK presently has an average rating of "Hold" and a consensus price target of $50.00.

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.