Bank OZK (NASDAQ:OZK) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its position in Bank OZK (NASDAQ:OZK) by 395.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 311,866 shares of the company’s stock after purchasing an additional 248,889 shares during the quarter. BNP Paribas Financial Markets owned about 0.27% of Bank OZK worth $13,407,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Quantbot Technologies LP lifted its stake in Bank OZK by 43.0% during the 3rd quarter. Quantbot Technologies LP now owns 270,132 shares of the company’s stock valued at $11,613,000 after acquiring an additional 81,265 shares during the period. Senvest Management LLC acquired a new position in Bank OZK during the third quarter valued at $22,306,000. Alpha DNA Investment Management LLC purchased a new stake in Bank OZK in the third quarter valued at $529,000. Algert Global LLC grew its position in Bank OZK by 43.3% during the 3rd quarter. Algert Global LLC now owns 284,551 shares of the company’s stock worth $12,233,000 after purchasing an additional 86,012 shares during the period. Finally, Cerity Partners LLC raised its stake in shares of Bank OZK by 112.8% during the 3rd quarter. Cerity Partners LLC now owns 51,717 shares of the company’s stock valued at $2,223,000 after buying an additional 27,409 shares during the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Trading Up 0.1 %

OZK opened at $49.97 on Monday. The business’s 50-day simple moving average is $45.19 and its 200-day simple moving average is $43.28. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $5.67 billion, a P/E ratio of 8.22 and a beta of 1.16. Bank OZK has a one year low of $37.43 and a one year high of $52.36.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings data on Thursday, October 17th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.02. The company had revenue of $423.00 million during the quarter, compared to the consensus estimate of $419.08 million. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%. As a group, equities research analysts expect that Bank OZK will post 6.03 EPS for the current fiscal 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 issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.28%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.40. Bank OZK’s dividend payout ratio (DPR) is currently 26.97%.

Analysts Set New Price Targets

A number of research analysts have issued reports on OZK shares. Raymond James downgraded Bank OZK from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 17th. Truist Financial lowered their price target 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. Morgan Stanley lifted 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, August 5th. Piper Sandler raised 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. Finally, Stephens upped their price target on Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Two 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $48.50.

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.