Rice Hall James & Associates LLC Sells 13,538 Shares of Bank OZK (NASDAQ:OZK)

Rice Hall James & Associates LLC decreased its holdings in Bank OZK (NASDAQ:OZK - Free Report) by 4.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 309,351 shares of the company's stock after selling 13,538 shares during the quarter. Rice Hall James & Associates LLC owned about 0.27% of Bank OZK worth $13,299,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. State of Michigan Retirement System grew its holdings in shares of Bank OZK by 2.4% in the 1st quarter. State of Michigan Retirement System now owns 25,812 shares of the company's stock worth $1,173,000 after acquiring an additional 600 shares during the period. Norden Group LLC acquired a new position in shares of Bank OZK in the first quarter worth $225,000. Van ECK Associates Corp lifted its position in shares of Bank OZK by 36.5% in the first quarter. Van ECK Associates Corp now owns 39,460 shares of the company's stock valued at $1,794,000 after acquiring an additional 10,554 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Bank OZK by 211.3% during the first quarter. BNP Paribas Financial Markets now owns 61,181 shares of the company's stock valued at $2,781,000 after acquiring an additional 41,527 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in Bank OZK by 22.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,255 shares of the company's stock worth $557,000 after purchasing an additional 2,274 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company's stock.

Bank OZK Trading Up 0.1 %

NASDAQ:OZK traded up $0.04 during mid-day trading on Friday, hitting $43.79. The company had a trading volume of 552,101 shares, compared to its average volume of 1,267,134. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.02. Bank OZK has a fifty-two week low of $36.14 and a fifty-two week high of $52.36. The business's fifty day moving average is $42.68 and its two-hundred day moving average is $43.02. The firm has a market cap of $4.97 billion, a P/E ratio of 7.22 and a beta of 1.17.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 11th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.75%. This is a boost from Bank OZK's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, October 11th. Bank OZK's dividend payout ratio (DPR) is presently 26.97%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on OZK shares. 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 report on Monday, August 5th. Piper Sandler lifted their price target on Bank OZK from $58.00 to $63.00 and gave the stock an "overweight" rating in a research note on Friday, October 18th. StockNews.com upgraded shares of Bank OZK from a "sell" rating to a "hold" rating in a research note on Thursday, July 18th. Stephens increased their price target on Bank OZK from $48.00 to $51.00 and gave the stock an "equal weight" rating in a research report on Monday, October 21st. Finally, Truist Financial dropped their price objective on shares of Bank OZK from $48.00 to $46.00 and set a "hold" rating on the stock in a report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $48.50.

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.