CWM LLC raised its position in shares of Bank OZK (NASDAQ:OZK - Free Report) by 125.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,953 shares of the company's stock after buying an additional 12,207 shares during the quarter. CWM LLC's holdings in Bank OZK were worth $944,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of OZK. Tidal Investments LLC grew its position in Bank OZK by 4.0% in the 1st quarter. Tidal Investments LLC now owns 5,491 shares of the company's stock worth $250,000 after purchasing an additional 210 shares during the last quarter. HB Wealth Management LLC boosted its position in Bank OZK by 3.9% during the 1st quarter. HB Wealth Management LLC now owns 6,607 shares of the company's stock worth $300,000 after acquiring an additional 249 shares during the period. Evergreen Capital Management LLC grew its stake in shares of Bank OZK by 8.3% in the second quarter. Evergreen Capital Management LLC now owns 5,079 shares of the company's stock worth $208,000 after purchasing an additional 388 shares in the last quarter. Naples Global Advisors LLC increased its holdings in shares of Bank OZK by 2.5% during the second quarter. Naples Global Advisors LLC now owns 16,550 shares of the company's stock valued at $679,000 after purchasing an additional 400 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its stake in shares of Bank OZK by 0.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 82,134 shares of the company's stock valued at $3,733,000 after purchasing an additional 409 shares in the last quarter. Institutional investors own 86.18% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have commented on OZK shares. Truist Financial dropped their price target on shares of Bank OZK from $49.00 to $48.00 and set a "hold" rating on the stock in a research report on Friday, September 20th. Morgan Stanley increased their price target on Bank OZK from $48.00 to $51.00 and gave the company an "equal weight" rating in a research note on Monday, August 5th. Piper Sandler boosted their price objective on Bank OZK from $58.00 to $63.00 and gave the stock an "overweight" rating in a research note on Friday. Stephens reaffirmed an "equal weight" rating and set a $50.00 target price on shares of Bank OZK in a research note on Thursday, July 18th. Finally, Raymond James cut shares of Bank OZK from an "outperform" rating to a "market perform" rating in a research report on Tuesday, September 17th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Bank OZK has a consensus rating of "Hold" and an average target price of $48.63.
Check Out Our Latest Stock Report on Bank OZK
Bank OZK Trading Down 4.5 %
OZK traded down $2.09 during trading on Friday, reaching $44.67. The company had a trading volume of 3,609,083 shares, compared to its average volume of 1,155,715. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.02. Bank OZK has a 12-month low of $34.76 and a 12-month high of $52.36. The company has a market cap of $5.07 billion, a price-to-earnings ratio of 7.42 and a beta of 1.17. The firm's 50-day simple moving average is $42.12 and its 200 day simple moving average is $43.02.
Bank OZK (NASDAQ:OZK - Get Free Report) last released its quarterly earnings results on Wednesday, July 17th. The company reported $1.52 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.52. Bank OZK had a net margin of 27.04% and a return on equity of 14.50%. The business had revenue of $416.78 million for the quarter, compared to analyst estimates of $414.39 million. During the same quarter in the previous year, the business earned $1.47 earnings per share. The firm's revenue was up 7.2% compared to the same quarter last year. Equities research analysts anticipate that Bank OZK will post 6 earnings per share for the current year.
Bank OZK Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 11th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend is Friday, October 11th. This is a boost from Bank OZK's previous quarterly dividend of $0.40. Bank OZK's dividend payout ratio (DPR) is 27.24%.
About Bank OZK
(
Free Report)
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.
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