Bank OZK (NASDAQ:OZK) Shares Bought by Barclays PLC

Barclays PLC raised its holdings in shares of Bank OZK (NASDAQ:OZK - Free Report) by 30.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 254,874 shares of the company's stock after acquiring an additional 59,907 shares during the quarter. Barclays PLC owned approximately 0.22% of Bank OZK worth $10,958,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. PSI Advisors LLC increased its holdings in shares of Bank OZK by 20,933.3% in the second quarter. PSI Advisors LLC now owns 631 shares of the company's stock worth $26,000 after purchasing an additional 628 shares during the last quarter. Assetmark Inc. grew its holdings in Bank OZK by 73.8% during the 3rd quarter. Assetmark Inc. now owns 968 shares of the company's stock valued at $42,000 after buying an additional 411 shares in the last quarter. American National Bank & Trust bought a new stake in Bank OZK in the 3rd quarter worth approximately $44,000. Innealta Capital LLC purchased a new stake in shares of Bank OZK during the 2nd quarter worth approximately $46,000. Finally, Abich Financial Wealth Management LLC bought a new position in shares of Bank OZK during the 2nd quarter valued at approximately $49,000. 86.18% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on OZK shares. Truist Financial decreased 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 note on Monday, October 21st. UBS Group assumed coverage on shares of Bank OZK in a report on Tuesday. They issued a "neutral" rating and a $51.00 price target for the company. Wells Fargo & Company upped their price objective on Bank OZK from $35.00 to $40.00 and gave the company an "underweight" rating in a research report on Tuesday, December 3rd. Piper Sandler lifted their target price on Bank OZK from $58.00 to $63.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. Finally, Raymond James lowered Bank OZK from an "outperform" rating to a "market perform" rating in a report on Tuesday, September 17th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $49.33.

Bank OZK Trading Down 2.7 %

Shares of NASDAQ:OZK traded down $1.29 on Tuesday, hitting $46.42. 1,178,688 shares of the company's stock were exchanged, compared to its average volume of 1,254,876. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 7.65 and a beta of 1.18. Bank OZK has a 12 month low of $37.43 and a 12 month high of $51.50. The business's 50 day simple moving average is $46.44 and its two-hundred day simple moving average is $43.40. 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 (NASDAQ:OZK - Get Free Report) last issued its earnings results on Thursday, October 17th. The company reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $1.53 by $0.02. The business had revenue of $423.00 million for the quarter, compared to analyst estimates of $419.08 million. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%. Analysts anticipate that Bank OZK will post 6.03 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 11th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 3.53%. This is a boost from Bank OZK's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, October 11th. Bank OZK's dividend payout ratio is currently 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.