Bank OZK (NASDAQ:OZK) Stock Position Raised by M&G Plc

M&G PLC grew its stake in Bank OZK (NASDAQ:OZK - Free Report) by 9.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 231,195 shares of the company's stock after buying an additional 20,394 shares during the quarter. M&G PLC owned approximately 0.20% of Bank OZK worth $9,941,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in OZK. PSI Advisors LLC lifted its holdings in shares of Bank OZK by 20,933.3% in the 2nd quarter. PSI Advisors LLC now owns 631 shares of the company's stock valued at $26,000 after acquiring an additional 628 shares during the last quarter. LRI Investments LLC bought a new position in shares of Bank OZK in the 1st quarter worth $29,000. Versant Capital Management Inc grew 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 purchasing an additional 791 shares during the last quarter. American National Bank & Trust purchased a new position in shares of Bank OZK in the 3rd quarter worth approximately $44,000. Finally, Innealta Capital LLC acquired a new position in shares of Bank OZK during the second quarter worth $46,000. Institutional investors own 86.18% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on OZK. Piper Sandler upped their price target on shares of Bank OZK from $58.00 to $63.00 and gave the company an "overweight" rating in a research note on Friday, October 18th. Raymond James lowered Bank OZK from an "outperform" rating to a "market perform" rating in a report on Tuesday, September 17th. Morgan Stanley boosted their target price 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, 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 note on Monday, October 21st. Finally, Truist Financial decreased their target price 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. 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. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $48.50.

Bank OZK Trading Down 2.0 %

Shares of NASDAQ:OZK traded down $0.93 during trading on Friday, reaching $46.46. 2,656,977 shares of the stock were exchanged, compared to its average volume of 1,396,055. Bank OZK has a 12-month low of $36.76 and a 12-month high of $52.36. The firm's 50-day moving average price is $43.00 and its 200 day moving average price is $43.12. The firm has a market cap of $5.27 billion, a price-to-earnings ratio of 7.64 and a beta of 1.16. 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 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 paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend was Friday, October 11th. This is a positive change from Bank OZK's previous quarterly dividend of $0.40. Bank OZK's payout ratio is 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.