Van ECK Associates Corp lifted its stake in Bank OZK (NASDAQ:OZK - Free Report) by 40.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,780 shares of the company's stock after purchasing an additional 17,939 shares during the period. Van ECK Associates Corp owned 0.06% of Bank OZK worth $2,745,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of OZK. Tidal Investments LLC lifted its holdings in 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. Evergreen Capital Management LLC lifted its stake in shares of Bank OZK by 8.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 5,079 shares of the company's stock valued at $208,000 after buying an additional 388 shares in the last quarter. Naples Global Advisors LLC boosted its holdings in Bank OZK by 2.5% in the 2nd quarter. Naples Global Advisors LLC now owns 16,550 shares of the company's stock worth $679,000 after buying an additional 400 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in Bank OZK by 0.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 82,134 shares of the company's stock worth $3,733,000 after buying an additional 409 shares in the last quarter. Finally, BTC Capital Management Inc. raised its holdings in Bank OZK by 2.5% during the second quarter. BTC Capital Management Inc. now owns 22,504 shares of the company's stock valued at $923,000 after acquiring an additional 559 shares during the period. 86.18% of the stock is owned by institutional investors.
Bank OZK Price Performance
Shares of Bank OZK stock traded up $2.11 during trading hours on Monday, reaching $48.57. The company's stock had a trading volume of 1,794,268 shares, compared to its average volume of 1,285,596. The firm has a 50 day moving average price of $43.00 and a 200-day moving average price of $43.08. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $5.51 billion, a P/E ratio of 7.99 and a beta of 1.16. Bank OZK has a one year low of $36.99 and a one year high of $52.36.
Bank OZK (NASDAQ:OZK - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.02. The company had revenue of $423.00 million for the quarter, compared to analysts' expectations of $419.08 million. Bank OZK had a return on equity of 14.15% and a net margin of 26.07%. On average, analysts predict that Bank OZK will post 6.01 EPS for the current year.
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 given a $0.41 dividend. The ex-dividend date was Friday, October 11th. This is an increase from Bank OZK's previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a yield of 3.38%. Bank OZK's dividend payout ratio (DPR) is currently 26.97%.
Wall Street Analyst Weigh In
OZK has been the subject of several research analyst reports. Morgan Stanley increased their target price on Bank OZK from $48.00 to $51.00 and gave the stock an "equal weight" rating in a research report on Monday, August 5th. Piper Sandler lifted their price objective 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. Truist Financial dropped their target price on shares of Bank OZK from $48.00 to $46.00 and set a "hold" rating for the company in a research report on Monday, October 21st. StockNews.com upgraded shares of Bank OZK from a "sell" rating to a "hold" rating in a report on Thursday, July 18th. Finally, Stephens increased their price objective on shares of Bank OZK from $48.00 to $51.00 and gave the company an "equal weight" rating in a report on Monday, October 21st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $48.50.
Read Our Latest Analysis on OZK
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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