Healthcare of Ontario Pension Plan Trust Fund Purchases Shares of 43,800 Bank OZK (NASDAQ:OZK)

Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Bank OZK (NASDAQ:OZK - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 43,800 shares of the company's stock, valued at approximately $1,883,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its holdings in Bank OZK by 5.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 62,444 shares of the company's stock valued at $2,839,000 after buying an additional 3,301 shares during the period. Tidal Investments LLC boosted its position in shares of Bank OZK by 4.0% during the 1st quarter. Tidal Investments LLC now owns 5,491 shares of the company's stock valued at $250,000 after acquiring an additional 210 shares in the last quarter. Versant Capital Management Inc increased its stake in Bank OZK by 423.0% in the second quarter. Versant Capital Management Inc now owns 978 shares of the company's stock valued at $40,000 after acquiring an additional 791 shares during the period. CWM LLC raised its position in Bank OZK by 2,027.9% in the second quarter. CWM LLC now owns 9,746 shares of the company's stock worth $400,000 after purchasing an additional 9,288 shares in the last quarter. Finally, Cardinal Capital Management lifted its stake in Bank OZK by 4.4% during the second quarter. Cardinal Capital Management now owns 41,135 shares of the company's stock worth $1,687,000 after purchasing an additional 1,743 shares during the period. 86.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on OZK. Raymond James cut Bank OZK from an "outperform" rating to a "market perform" rating in a report on Tuesday, September 17th. 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. Morgan Stanley boosted their price objective on shares of Bank OZK from $48.00 to $51.00 and gave the stock an "equal weight" rating in a research report on Monday, August 5th. Stephens increased their price objective on Bank OZK from $48.00 to $51.00 and gave the company an "equal weight" rating in a research report on Monday, October 21st. Finally, Piper Sandler boosted their target price on Bank OZK from $58.00 to $63.00 and gave the stock an "overweight" rating in a research report on Friday, October 18th. 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $48.50.

Bank OZK Trading Down 2.2 %

OZK traded down $1.10 during midday trading on Monday, reaching $48.87. 1,161,061 shares of the company were exchanged, compared to its average volume of 1,275,557. The stock has a market capitalization of $5.54 billion, a P/E ratio of 8.22 and a beta of 1.16. Bank OZK has a one year low of $37.43 and a one year high of $52.36. The stock's 50-day simple moving average is $45.19 and its 200 day simple moving average is $43.28. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.02.

Bank OZK (NASDAQ:OZK - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The company reported $1.55 earnings per share for the quarter, topping 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 business had revenue of $423.00 million for the quarter, compared to analyst estimates of $419.08 million. As a group, analysts forecast that Bank OZK will post 6.03 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 11th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.36%. The ex-dividend date was Friday, October 11th. 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.