Nisa Investment Advisors LLC decreased its stake in shares of Bank OZK (NASDAQ:OZK - Free Report) by 36.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 42,369 shares of the company's stock after selling 24,057 shares during the period. Nisa Investment Advisors LLC's holdings in Bank OZK were worth $1,821,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OZK. M&G Plc acquired a new stake in shares of Bank OZK in the first quarter valued at about $8,437,000. State Board of Administration of Florida Retirement System increased its position in Bank OZK by 27.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 140,492 shares of the company's stock worth $6,387,000 after buying an additional 29,993 shares during the period. SG Americas Securities LLC acquired a new position in shares of Bank OZK during the second quarter worth approximately $873,000. BNP Paribas Financial Markets boosted its position in shares of Bank OZK by 211.3% in 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 period. Finally, Natixis acquired a new stake in shares of Bank OZK in the first quarter worth $868,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.
Bank OZK Price Performance
NASDAQ OZK traded up $0.09 during trading on Friday, reaching $43.84. 973,335 shares of the company traded hands, compared to its average volume of 1,295,809. Bank OZK has a 1-year low of $36.14 and a 1-year high of $52.36. The company has a market cap of $4.97 billion, a price-to-earnings ratio of 7.21 and a beta of 1.16. The stock's 50 day moving average price is $42.69 and its two-hundred day moving average price is $43.04. 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 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 paid a $0.41 dividend. This is a positive change from Bank OZK's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.64 annualized dividend and a yield of 3.74%. Bank OZK's payout ratio is currently 26.97%.
Analyst Ratings Changes
OZK has been the subject of several research analyst reports. Morgan Stanley increased their price target on shares of Bank OZK from $48.00 to $51.00 and gave the company an "equal weight" rating in a report on Monday, August 5th. Stephens upped their price objective on shares of Bank OZK from $48.00 to $51.00 and gave the company an "equal weight" rating in a research report on Monday, October 21st. Piper Sandler lifted their target price on Bank OZK from $58.00 to $63.00 and gave the stock an "overweight" rating in a research report on Friday, October 18th. Truist Financial lowered their price target on Bank OZK from $48.00 to $46.00 and set a "hold" rating on the stock in a research note on Monday, October 21st. Finally, Raymond James downgraded 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 given a buy rating to the company. Based on data from MarketBeat.com, Bank OZK presently has an average rating of "Hold" and a consensus target price of $48.50.
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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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