Amundi Has $6.78 Million Position in Bank OZK (NASDAQ:OZK)

Amundi cut its holdings in shares of Bank OZK (NASDAQ:OZK - Free Report) by 31.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 156,884 shares of the company's stock after selling 73,429 shares during the quarter. Amundi owned about 0.14% of Bank OZK worth $6,784,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of OZK. Kestra Investment Management LLC bought a new stake in Bank OZK in the 4th quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Bank OZK in the 4th quarter valued at approximately $27,000. Smartleaf Asset Management LLC grew its holdings in shares of Bank OZK by 176.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 761 shares of the company's stock worth $34,000 after purchasing an additional 486 shares in the last quarter. V Square Quantitative Management LLC increased its position in shares of Bank OZK by 81.3% during the fourth quarter. V Square Quantitative Management LLC now owns 948 shares of the company's stock valued at $42,000 after purchasing an additional 425 shares during the period. Finally, Assetmark Inc. raised its stake in shares of Bank OZK by 73.8% in the third quarter. Assetmark Inc. now owns 968 shares of the company's stock valued at $42,000 after purchasing an additional 411 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company's stock.

Bank OZK Price Performance

Shares of NASDAQ OZK traded up $0.46 during trading on Wednesday, reaching $44.65. The company had a trading volume of 694,219 shares, compared to its average volume of 1,297,017. Bank OZK has a 52 week low of $37.43 and a 52 week high of $53.64. The business's 50 day moving average price is $48.13 and its 200-day moving average price is $45.93. The stock has a market cap of $5.06 billion, a PE ratio of 7.27 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.03.

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Bank OZK (NASDAQ:OZK - Get Free Report) last posted its quarterly earnings data on Thursday, January 16th. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.12. The firm had revenue of $412.34 million for the quarter, compared to the consensus estimate 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 for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.50 EPS. Analysts expect that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th were paid a dividend of $0.42 per share. The ex-dividend date was Tuesday, January 14th. This is a boost from Bank OZK's previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.76%. Bank OZK's payout ratio is 27.36%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on OZK shares. Stephens raised their price target on shares of Bank OZK from $53.00 to $57.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 21st. Morgan Stanley decreased their price target on Bank OZK from $58.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Wells Fargo & Company upgraded Bank OZK from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $40.00 to $48.00 in a research note on Tuesday, January 21st. Finally, UBS Group assumed coverage on shares of Bank OZK in a research note on Tuesday, December 17th. They issued a "neutral" rating and a $51.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Bank OZK presently has an average rating of "Hold" and an average target price of $50.38.

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.