Bank OZK (NASDAQ:OZK) Stake Cut by Bank of Montreal Can

Bank of Montreal Can reduced its stake in shares of Bank OZK (NASDAQ:OZK - Free Report) by 23.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,591 shares of the company's stock after selling 14,519 shares during the period. Bank of Montreal Can's holdings in Bank OZK were worth $1,958,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Tidal Investments LLC increased its position in Bank OZK by 4.0% during the 1st quarter. Tidal Investments LLC now owns 5,491 shares of the company's stock worth $250,000 after purchasing an additional 210 shares in the last quarter. Evergreen Capital Management LLC increased its position in Bank OZK by 8.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 5,079 shares of the company's stock worth $208,000 after purchasing an additional 388 shares in the last quarter. Naples Global Advisors LLC increased its position in Bank OZK by 2.5% during the 2nd quarter. Naples Global Advisors LLC now owns 16,550 shares of the company's stock worth $679,000 after purchasing an additional 400 shares in the last quarter. Raymond James Trust N.A. increased its position in Bank OZK by 6.0% during the 3rd quarter. Raymond James Trust N.A. now owns 7,184 shares of the company's stock worth $309,000 after purchasing an additional 407 shares in the last quarter. Finally, Assetmark Inc. increased its position in Bank OZK by 73.8% during the 3rd quarter. Assetmark Inc. now owns 968 shares of the company's stock worth $42,000 after purchasing an additional 411 shares in the last quarter. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on OZK shares. Raymond James downgraded shares of Bank OZK from an "outperform" rating to a "market perform" rating in a research report on Tuesday, September 17th. Wells Fargo & Company increased their price objective on shares of Bank OZK from $35.00 to $40.00 and gave the company an "underweight" rating in a research report on Tuesday. Piper Sandler increased their price objective on shares of Bank OZK from $58.00 to $63.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. Truist Financial lowered their price objective on shares of Bank OZK from $48.00 to $46.00 and set a "hold" rating for the company in a research report on Monday, October 21st. Finally, 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Bank OZK currently has a consensus rating of "Hold" and an average price target of $49.13.

Bank OZK Stock Up 0.3 %

Shares of OZK stock traded up $0.14 during mid-day trading on Friday, reaching $47.49. 527,153 shares of the company were exchanged, compared to its average volume of 1,265,940. Bank OZK has a fifty-two week low of $37.43 and a fifty-two week high of $52.36. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $5.39 billion, a P/E ratio of 7.79 and a beta of 1.18. The business's 50 day simple moving average is $45.71 and its 200 day simple moving average is $43.35.

Bank OZK (NASDAQ:OZK - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The company reported $1.55 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $419.08 million. Research analysts predict that Bank OZK will post 6.03 earnings per share for the current year.

Bank OZK Increases Dividend

The business 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 was Friday, October 11th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.45%. This is an increase from Bank OZK's previous quarterly dividend of $0.40. Bank OZK's dividend payout ratio (DPR) is presently 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.