Bank OZK (NASDAQ:OZK) Stock Position Raised by Mackenzie Financial Corp

Mackenzie Financial Corp grew its stake in shares of Bank OZK (NASDAQ:OZK - Free Report) by 400.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,109 shares of the company's stock after acquiring an additional 23,294 shares during the period. Mackenzie Financial Corp's holdings in Bank OZK were worth $1,193,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Bank OZK by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 12,028,779 shares of the company's stock worth $599,394,000 after purchasing an additional 502,005 shares during the last quarter. AQR Capital Management LLC raised its position in shares of 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 purchasing an additional 1,765,974 shares during the last quarter. Van Berkom & Associates Inc. raised its position in shares of Bank OZK by 2.0% during the 2nd quarter. Van Berkom & Associates Inc. now owns 2,024,130 shares of the company's stock worth $82,989,000 after purchasing an additional 40,356 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Bank OZK by 18.8% during the 4th quarter. Wellington Management Group LLP now owns 1,897,696 shares of the company's stock worth $94,562,000 after purchasing an additional 300,025 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Bank OZK by 21.9% during the 2nd quarter. American Century Companies Inc. now owns 1,642,293 shares of the company's stock worth $67,334,000 after purchasing an additional 295,298 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Bank OZK Stock Up 0.7 %

OZK stock traded up $0.28 during trading on Friday, reaching $42.25. The stock had a trading volume of 1,140,600 shares, compared to its average volume of 1,267,218. Bank OZK has a 1-year low of $34.76 and a 1-year 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 0.17. The company has a market capitalization of $4.79 billion, a P/E ratio of 7.03 and a beta of 1.17. The firm has a fifty day moving average price of $42.20 and a 200 day moving average price of $43.07.

Bank OZK (NASDAQ:OZK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 17th. The company reported $1.52 EPS for the quarter, hitting analysts' consensus estimates of $1.52. The firm had revenue of $416.78 million for the quarter, compared to analyst estimates of $414.39 million. Bank OZK had a net margin of 27.04% and a return on equity of 14.50%. The firm's revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.47 EPS. On average, equities analysts anticipate that Bank OZK will post 5.97 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 11th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date is Friday, October 11th. This is a positive change from Bank OZK's previous quarterly dividend of $0.40. Bank OZK's dividend payout ratio is 26.80%.

Wall Street Analysts Forecast Growth

OZK has been the subject of several recent analyst reports. StockNews.com raised shares of Bank OZK from a "sell" rating to a "hold" rating in a research note on Thursday, July 18th. Raymond James cut shares of Bank OZK from an "outperform" rating to a "market perform" rating in a research note on Tuesday, September 17th. Truist Financial lowered their target price on shares of Bank OZK from $49.00 to $48.00 and set a "hold" rating for the company in a research note on Friday, September 20th. Stephens reaffirmed an "equal weight" rating and issued a $50.00 target price on shares of Bank OZK in a research note on Thursday, July 18th. Finally, Wells Fargo & Company lowered their target price on shares of Bank OZK from $39.00 to $35.00 and set an "underweight" rating for the company in a research note on Thursday, June 6th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, Bank OZK currently has an average rating of "Hold" and a consensus target price of $46.57.

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.