Pathway Financial Advisers LLC Raises Stock Holdings in Bank OZK (NASDAQ:OZK)

Pathway Financial Advisers LLC grew its stake in shares of Bank OZK (NASDAQ:OZK - Free Report) by 4,233.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 57,455 shares of the company's stock after purchasing 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 quarter.

Other hedge funds have also recently modified their holdings of the company. Tidal Investments LLC boosted its position in shares of Bank OZK by 4.0% during the first quarter. Tidal Investments LLC now owns 5,491 shares of the company's stock valued at $250,000 after purchasing an additional 210 shares in the last quarter. HB Wealth Management LLC raised its stake 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 lifted its holdings in Bank OZK by 8.3% during the second quarter. Evergreen Capital Management LLC now owns 5,079 shares of the company's stock valued at $208,000 after purchasing an additional 388 shares in the last quarter. Naples Global Advisors LLC increased its stake in shares of Bank OZK by 2.5% in the second quarter. Naples Global Advisors LLC now owns 16,550 shares of the company's stock worth $679,000 after purchasing an additional 400 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its position in shares of Bank OZK by 0.5% during the 1st 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 during the period. Hedge funds and other institutional investors own 86.18% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Raymond James lowered Bank OZK from an "outperform" rating to a "market perform" rating in a research note on Tuesday, September 17th. Truist Financial dropped their price objective on Bank OZK from $48.00 to $46.00 and set a "hold" rating for the company in a report on Monday, October 21st. StockNews.com raised shares of Bank OZK from a "sell" rating to a "hold" rating in a research report on Thursday, July 18th. Piper Sandler raised their target price on shares of Bank OZK from $58.00 to $63.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. Finally, Stephens boosted their price objective 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, October 21st. Two investment 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.com, Bank OZK presently has an average rating of "Hold" and a consensus target price of $48.50.

Bank OZK Stock Performance

OZK traded up $0.47 during trading on Wednesday, hitting $44.61. 982,061 shares of the stock were exchanged, compared to its average volume of 1,272,508. The firm has a market capitalization of $5.06 billion, a P/E ratio of 7.36 and a beta of 1.17. Bank OZK has a 1-year low of $34.90 and a 1-year high of $52.36. The stock has a fifty day moving average price of $42.58 and a two-hundred day moving average price of $43.00. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.12.

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 issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.68%. This is a positive change from Bank OZK's previous quarterly dividend of $0.40. Bank OZK's dividend payout ratio (DPR) is currently 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.