Bank OZK (NASDAQ:OZK) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in Bank OZK (NASDAQ:OZK - Free Report) by 2.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,941,431 shares of the company's stock after acquiring an additional 112,648 shares during the quarter. Charles Schwab Investment Management Inc. owned about 3.47% of Bank OZK worth $169,442,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. PSI Advisors LLC grew its holdings in shares of Bank OZK by 20,933.3% during the 2nd quarter. PSI Advisors LLC now owns 631 shares of the company's stock worth $26,000 after purchasing an additional 628 shares during the period. LRI Investments LLC purchased a new stake in shares of Bank OZK in the 1st quarter valued at approximately $29,000. Versant Capital Management Inc lifted its holdings in shares of Bank OZK by 423.0% in the 2nd quarter. Versant Capital Management Inc now owns 978 shares of the company's stock worth $40,000 after acquiring an additional 791 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Bank OZK by 73.8% in the 3rd quarter. Assetmark Inc. now owns 968 shares of the company's stock worth $42,000 after acquiring an additional 411 shares during the last quarter. Finally, American National Bank & Trust purchased a new position in shares of Bank OZK during the 3rd quarter worth approximately $44,000. Hedge funds and other institutional investors own 86.18% of the company's stock.

Analyst Upgrades and Downgrades

OZK has been the subject of several research analyst reports. Morgan Stanley raised their price target on Bank OZK from $48.00 to $51.00 and gave the stock an "equal weight" rating in a research report on Monday, August 5th. Truist Financial lowered their target price on Bank OZK from $48.00 to $46.00 and set a "hold" rating for the company in a report on Monday, October 21st. Stephens boosted their price target on shares of Bank OZK from $48.00 to $51.00 and gave the stock an "equal weight" rating in a research note on Monday, October 21st. Piper Sandler increased their price target on shares of Bank OZK from $58.00 to $63.00 and gave the stock an "overweight" rating in a research report on Friday, October 18th. Finally, Raymond James cut shares of Bank OZK from an "outperform" rating to a "market perform" rating in a report on Tuesday, September 17th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Bank OZK currently has a consensus rating of "Hold" and a consensus target price of $48.50.

Bank OZK Stock Up 2.5 %

Shares of NASDAQ OZK traded up $1.24 during mid-day trading on Monday, reaching $50.57. The company had a trading volume of 909,964 shares, compared to its average volume of 1,277,294. The firm has a 50 day simple moving average of $44.45 and a two-hundred day simple moving average of $43.22. Bank OZK has a 52-week low of $37.43 and a 52-week high of $52.36. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. The stock has a market cap of $5.74 billion, a P/E ratio of 8.11 and a beta of 1.16.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted 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 analysts' expectations of $419.08 million. Bank OZK had a return on equity of 14.15% and a net margin of 26.07%. Sell-side 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. Investors of record on Friday, October 11th were given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.24%. 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. Bank OZK's payout ratio is 26.97%.

Bank OZK 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.