BNP Paribas Financial Markets Purchases 248,889 Shares of Bank OZK (NASDAQ:OZK)

BNP Paribas Financial Markets raised its stake in Bank OZK (NASDAQ:OZK - Free Report) by 395.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 311,866 shares of the company's stock after acquiring an additional 248,889 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.27% of Bank OZK worth $13,407,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC grew its position in Bank OZK by 291.5% during the 2nd quarter. AQR Capital Management LLC now owns 2,371,892 shares of the company's stock worth $95,848,000 after acquiring an additional 1,765,974 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Bank OZK by 196.4% during the second quarter. Millennium Management LLC now owns 1,365,393 shares of the company's stock worth $55,981,000 after purchasing an additional 904,782 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Bank OZK by 483.9% in the second quarter. Victory Capital Management Inc. now owns 980,358 shares of the company's stock valued at $40,195,000 after buying an additional 812,464 shares during the period. Berkley W R Corp bought a new position in Bank OZK in the 2nd quarter valued at approximately $24,600,000. Finally, Senvest Management LLC acquired a new stake in Bank OZK during the 3rd quarter worth approximately $22,306,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Bank OZK Stock Down 2.2 %

OZK stock traded down $1.10 during trading on Monday, reaching $48.87. 1,137,401 shares of the stock were exchanged, compared to its average volume of 1,275,455. The firm's 50 day moving average is $45.19 and its 200 day moving average is $43.28. The firm has a market cap of $5.54 billion, a P/E ratio of 8.22 and a beta of 1.16. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. 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 issued its 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 return on equity of 14.15% and a net margin of 26.07%. The company had revenue of $423.00 million for the quarter, compared to analyst estimates of $419.08 million. As a group, research analysts forecast that Bank OZK will post 6.03 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 11th were issued a dividend of $0.41 per share. This is a boost from Bank OZK's previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date was Friday, October 11th. Bank OZK's dividend payout ratio (DPR) is currently 26.97%.

Analysts Set New Price Targets

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