85,865 Shares in Bank OZK (NASDAQ:OZK) Acquired by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Bank OZK (NASDAQ:OZK - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 85,865 shares of the company's stock, valued at approximately $3,691,000. B. Metzler seel. Sohn & Co. Holding AG owned 0.08% of Bank OZK as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. PSI Advisors LLC grew its holdings in shares of Bank OZK by 20,933.3% in the 2nd quarter. PSI Advisors LLC now owns 631 shares of the company's stock worth $26,000 after acquiring an additional 628 shares during the period. LRI Investments LLC acquired a new position in Bank OZK in the first quarter valued at $29,000. Versant Capital Management Inc increased its stake in shares of Bank OZK by 423.0% during the 2nd quarter. Versant Capital Management Inc now owns 978 shares of the company's stock valued at $40,000 after acquiring an additional 791 shares during the last quarter. Assetmark Inc. raised its stake in Bank OZK by 73.8% during the third quarter. Assetmark Inc. now owns 968 shares of the company's stock worth $42,000 after purchasing an additional 411 shares during the period. Finally, American National Bank & Trust purchased a new position in shares of Bank OZK in the 3rd quarter worth $44,000. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Bank OZK Stock Performance

OZK stock opened at $47.69 on Thursday. The company has a market capitalization of $5.41 billion, a P/E ratio of 7.84 and a beta of 1.16. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.12. The company has a 50-day simple moving average of $43.97 and a 200 day simple moving average of $43.19. Bank OZK has a fifty-two week low of $37.43 and a fifty-two week high of $52.36.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.02. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%. The business had revenue of $423.00 million during the quarter, compared to analysts' expectations of $419.08 million. Sell-side analysts predict that Bank OZK will post 6.03 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The company 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. The ex-dividend date of this dividend was Friday, October 11th. This is a boost from Bank OZK's previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 3.44%. Bank OZK's dividend payout ratio (DPR) is 26.97%.

Wall Street Analysts Forecast Growth

OZK has been the subject of several analyst reports. Truist Financial decreased their target price on Bank OZK from $48.00 to $46.00 and set a "hold" rating for the company in a research report on Monday, October 21st. Stephens increased 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 report on Monday, October 21st. Raymond James lowered shares of Bank OZK from an "outperform" rating to a "market perform" rating in a research note on Tuesday, September 17th. Piper Sandler lifted their price target on shares of Bank OZK from $58.00 to $63.00 and gave the stock an "overweight" rating in a research note on Friday, October 18th. Finally, Morgan Stanley 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 report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $48.50.

About Bank OZK

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.