B. Metzler seel. Sohn & Co. Holding AG Buys New Position in Bank OZK (NASDAQ:OZK)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Bank OZK (NASDAQ:OZK - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 85,865 shares of the company's stock, valued at approximately $3,691,000. B. Metzler seel. Sohn & Co. Holding AG owned approximately 0.08% of Bank OZK as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. PSI Advisors LLC boosted its holdings in Bank OZK by 20,933.3% in the second quarter. PSI Advisors LLC now owns 631 shares of the company's stock valued at $26,000 after purchasing an additional 628 shares during the last quarter. LRI Investments LLC acquired a new position in shares of Bank OZK in the 1st quarter valued at approximately $29,000. Versant Capital Management Inc boosted 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 buying an additional 791 shares during the last quarter. Assetmark Inc. grew its position in shares of Bank OZK by 73.8% during the third quarter. Assetmark Inc. now owns 968 shares of the company's stock worth $42,000 after buying an additional 411 shares in the last quarter. Finally, American National Bank & Trust bought a new stake in shares of Bank OZK in the third quarter worth $44,000. Hedge funds and other institutional investors own 86.18% of the company's stock.

Bank OZK Stock Performance

NASDAQ:OZK traded up $0.66 during midday trading on Thursday, reaching $48.35. 723,498 shares of the company traded hands, compared to its average volume of 1,279,494. The firm has a market capitalization of $5.49 billion, a price-to-earnings ratio of 7.98 and a beta of 1.16. The company has a fifty day moving average price of $44.13 and a 200 day moving average price of $43.23. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.02 and a quick ratio of 1.02. Bank OZK has a twelve month low of $37.43 and a twelve month high of $52.36.

Bank OZK (NASDAQ:OZK - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $423.00 million during the quarter, compared to the consensus estimate of $419.08 million. On average, analysts expect that Bank OZK will post 6.03 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 11th were paid a $0.41 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.64 annualized dividend and a dividend yield of 3.39%. This is a positive change from Bank OZK's previous quarterly dividend of $0.40. Bank OZK's dividend payout ratio (DPR) is presently 26.97%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Piper Sandler raised their price objective on shares of Bank OZK from $58.00 to $63.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. Morgan Stanley boosted their price objective on Bank OZK from $48.00 to $51.00 and gave the company an "equal weight" rating in a report on Monday, August 5th. Stephens increased their target price on Bank OZK from $48.00 to $51.00 and gave the stock an "equal weight" rating in a report on Monday, October 21st. Truist Financial lowered their price target on Bank OZK from $48.00 to $46.00 and set a "hold" rating for the company in a report on Monday, October 21st. Finally, Raymond James cut Bank OZK from an "outperform" rating to a "market perform" rating in a research note on Tuesday, September 17th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Bank OZK presently has an average rating of "Hold" and a consensus 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.