Simmons Bank Has $927,000 Position in Bank OZK (NASDAQ:OZK)

Simmons Bank trimmed its holdings in Bank OZK (NASDAQ:OZK - Free Report) by 39.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,574 shares of the company's stock after selling 14,216 shares during the quarter. Simmons Bank's holdings in Bank OZK were worth $927,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its stake in Bank OZK by 22.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,255 shares of the company's stock valued at $557,000 after buying an additional 2,274 shares during the period. State Board of Administration of Florida Retirement System raised its holdings in Bank OZK by 27.1% during the first quarter. State Board of Administration of Florida Retirement System now owns 140,492 shares of the company's stock worth $6,387,000 after purchasing an additional 29,993 shares in the last quarter. M&G Plc acquired a new stake in Bank OZK in the first quarter worth approximately $8,437,000. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Bank OZK by 12.8% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 62,281 shares of the company's stock valued at $2,795,000 after purchasing an additional 7,056 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board boosted its stake in Bank OZK by 59.2% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 31,835 shares of the company's stock valued at $1,447,000 after purchasing an additional 11,844 shares in the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Raymond James lowered Bank OZK from an "outperform" rating to a "market perform" rating in a report on Tuesday, September 17th. StockNews.com raised shares of Bank OZK from a "sell" rating to a "hold" rating in a report on Thursday, July 18th. Morgan Stanley lifted 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, August 5th. Stephens increased their target price on shares of 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, Truist Financial reduced their target price 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. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Bank OZK has a consensus rating of "Hold" and an average target price of $48.50.

Bank OZK Stock Down 0.2 %

NASDAQ:OZK traded down $0.10 during trading hours on Thursday, hitting $47.77. 1,168,897 shares of the stock traded hands, compared to its average volume of 1,285,143. The firm has a 50 day moving average price of $43.34 and a 200 day moving average price of $43.15. The firm has a market cap of $5.42 billion, a price-to-earnings ratio of 7.86 and a beta of 1.16. Bank OZK has a fifty-two week low of $37.43 and a fifty-two week high of $52.36. 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 (NASDAQ:OZK - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The company reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.53 by $0.02. The business had revenue of $423.00 million for the quarter, compared to the consensus estimate of $419.08 million. Bank OZK had a return on equity of 14.15% and a net margin of 26.07%. Equities research analysts anticipate that Bank OZK will post 6.03 earnings per share for the current year.

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 is an increase from Bank OZK's previous quarterly dividend of $0.40. The ex-dividend date was Friday, October 11th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.43%. Bank OZK's dividend payout ratio 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.