Pathway Financial Advisers LLC Grows Stock Position in Bank OZK (NASDAQ:OZK)

Pathway Financial Advisers LLC boosted its stake in Bank OZK (NASDAQ:OZK - Free Report) by 4,233.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,455 shares of the company's stock after buying an additional 56,129 shares during the quarter. Pathway Financial Advisers LLC owned approximately 0.05% of Bank OZK worth $2,470,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. PSI Advisors LLC raised its position in shares of Bank OZK by 20,933.3% in the second quarter. PSI Advisors LLC now owns 631 shares of the company's stock valued at $26,000 after buying an additional 628 shares during the last quarter. LRI Investments LLC acquired a new stake in Bank OZK in the 1st quarter valued at about $29,000. Versant Capital Management Inc lifted its stake in 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 purchasing an additional 791 shares in the last quarter. American National Bank & Trust acquired a new position in shares of Bank OZK during the 3rd quarter worth approximately $44,000. Finally, Innealta Capital LLC purchased a new stake in shares of Bank OZK in the second quarter valued at approximately $46,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Raymond James lowered Bank OZK from an "outperform" rating to a "market perform" rating in a report on Tuesday, September 17th. Piper Sandler boosted their target price on shares of Bank OZK from $58.00 to $63.00 and gave the company an "overweight" rating in a report on Friday, October 18th. Truist Financial cut their price target on shares of Bank OZK from $48.00 to $46.00 and set a "hold" rating for the company in a report on Monday, October 21st. Morgan Stanley upped their price objective on Bank OZK from $48.00 to $51.00 and gave the company an "equal weight" rating in a report on Monday, August 5th. Finally, StockNews.com upgraded Bank OZK from a "sell" rating to a "hold" rating in a research report on Thursday, July 18th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $48.50.

Bank OZK Stock Down 1.9 %

NASDAQ:OZK traded down $0.83 during midday trading on Friday, hitting $43.56. 1,203,067 shares of the company were exchanged, compared to its average volume of 1,276,421. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. Bank OZK has a fifty-two week low of $34.81 and a fifty-two week high of $52.36. The company has a market capitalization of $4.94 billion, a PE ratio of 7.30 and a beta of 1.17. The company has a fifty day simple moving average of $42.48 and a 200 day simple moving average of $42.99.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 11th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.76%. This is a boost from Bank OZK's previous quarterly dividend of $0.40. The ex-dividend date was Friday, October 11th. Bank OZK's payout ratio is presently 27.47%.

About Bank OZK

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.