Bank OZK (NASDAQ:OZK) Stake Raised by Wellington Management Group LLP

Wellington Management Group LLP lifted its position in shares of Bank OZK (NASDAQ:OZK - Free Report) by 32.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,223,452 shares of the company's stock after buying an additional 1,041,198 shares during the quarter. Wellington Management Group LLP owned approximately 3.72% of Bank OZK worth $181,566,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of OZK. Tidal Investments LLC lifted its holdings in Bank OZK by 4.0% in the first quarter. Tidal Investments LLC now owns 5,491 shares of the company's stock worth $250,000 after purchasing an additional 210 shares during the period. Evergreen Capital Management LLC grew its stake in shares of Bank OZK by 8.3% in the 2nd 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 during the period. Naples Global Advisors LLC boosted its position in Bank OZK by 2.5% in the 2nd quarter. Naples Global Advisors LLC now owns 16,550 shares of the company's stock valued at $679,000 after buying an additional 400 shares during the last quarter. Raymond James Trust N.A. boosted its position in Bank OZK by 6.0% in the 3rd quarter. Raymond James Trust N.A. now owns 7,184 shares of the company's stock valued at $309,000 after buying an additional 407 shares during the last quarter. Finally, Assetmark Inc. boosted its position in shares of Bank OZK by 73.8% in the 3rd quarter. Assetmark Inc. now owns 968 shares of the company's stock worth $42,000 after purchasing an additional 411 shares during the last quarter. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Bank OZK Stock Performance

NASDAQ:OZK traded down $0.23 during trading hours on Monday, hitting $47.26. 846,035 shares of the company were exchanged, compared to its average volume of 1,264,404. 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 company's 50 day moving average price is $45.82 and its 200-day moving average price is $43.28. Bank OZK has a 52-week low of $37.43 and a 52-week high of $52.36. The stock has a market capitalization of $5.36 billion, a price-to-earnings ratio of 7.79 and a beta of 1.18.

Bank OZK (NASDAQ:OZK - Get Free Report) last announced its earnings results 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 during the quarter, compared to analyst estimates of $419.08 million. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%. As a group, research analysts forecast that Bank OZK will post 6.03 earnings per share for the current year.

Bank OZK Increases Dividend

The company also recently announced 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 an increase 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 3.47%. Bank OZK's payout ratio is presently 26.97%.

Analyst Ratings Changes

A number of analysts recently issued reports on OZK shares. Piper Sandler lifted their target price on 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 decreased 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. Wells Fargo & Company increased their price objective on shares of Bank OZK from $35.00 to $40.00 and gave the stock an "underweight" rating in a research report on Tuesday, December 3rd. 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 research note on Monday, October 21st. Finally, Raymond James lowered shares of Bank OZK from an "outperform" rating to a "market perform" rating in a research note on Tuesday, September 17th. 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, Bank OZK presently has a consensus rating of "Hold" and a consensus target price of $49.13.

Bank OZK Company 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.