Horrell Capital Management Inc. Has $4.58 Million Holdings in Bank OZK (NASDAQ:OZK)

Horrell Capital Management Inc. lessened its stake in shares of Bank OZK (NASDAQ:OZK - Free Report) by 10.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 106,574 shares of the company's stock after selling 11,920 shares during the period. Bank OZK comprises 1.4% of Horrell Capital Management Inc.'s investment portfolio, making the stock its 25th largest holding. Horrell Capital Management Inc. owned about 0.09% of Bank OZK worth $4,582,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. LRI Investments LLC purchased a new position in Bank OZK during the 1st quarter valued at about $29,000. PSI Advisors LLC grew its stake in Bank OZK by 20,933.3% during 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 in the last quarter. Versant Capital Management Inc grew its stake in Bank OZK by 423.0% during the 2nd quarter. Versant Capital Management Inc now owns 978 shares of the company's stock valued at $40,000 after acquiring an additional 791 shares in the last quarter. American National Bank & Trust purchased a new position in Bank OZK during the 3rd quarter valued at about $44,000. Finally, Innealta Capital LLC purchased a new position in Bank OZK during the 2nd quarter valued at about $46,000. Institutional investors and hedge funds own 86.18% of the company's stock.

Wall Street Analysts Forecast Growth

OZK has been the topic of several research analyst reports. StockNews.com raised Bank OZK from a "sell" rating to a "hold" rating in a research note on Thursday, July 18th. Raymond James cut Bank OZK from an "outperform" rating to a "market perform" rating in a research note on Tuesday, September 17th. Morgan Stanley boosted 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. Stephens boosted 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, 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 report on Friday, October 18th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $48.50.

Bank OZK Stock Performance

OZK traded down $0.29 on Tuesday, hitting $44.14. The company had a trading volume of 1,047,023 shares, compared to its average volume of 1,273,898. Bank OZK has a 1-year low of $34.90 and a 1-year high of $52.36. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 7.25 and a beta of 1.17. The company's fifty day moving average price is $42.52 and its 200 day moving average price is $42.99. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.02 and a quick ratio of 1.02.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 11th were issued a dividend of $0.41 per share. 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. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.72%. Bank OZK's payout ratio is 26.97%.

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.