Vanguard Personalized Indexing Management LLC Has $545,000 Stock Holdings in Bank OZK (NASDAQ:OZK)

Vanguard Personalized Indexing Management LLC grew its position in shares of Bank OZK (NASDAQ:OZK) by 28.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 13,284 shares of the company’s stock after buying an additional 2,968 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Bank OZK were worth $545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Bank OZK by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 12,028,779 shares of the company’s stock valued at $599,394,000 after acquiring an additional 502,005 shares during the period. Van Berkom & Associates Inc. lifted its position in Bank OZK by 2.0% during the second quarter. Van Berkom & Associates Inc. now owns 2,024,130 shares of the company’s stock worth $82,989,000 after purchasing an additional 40,356 shares during the period. Wellington Management Group LLP grew its stake in Bank OZK by 18.8% during the fourth quarter. Wellington Management Group LLP now owns 1,897,696 shares of the company’s stock worth $94,562,000 after buying an additional 300,025 shares in the last quarter. American Century Companies Inc. increased its holdings in Bank OZK by 21.9% in the 2nd quarter. American Century Companies Inc. now owns 1,642,293 shares of the company’s stock valued at $67,334,000 after buying an additional 295,298 shares during the period. Finally, First Trust Advisors LP raised its position in shares of Bank OZK by 4.2% in the 4th quarter. First Trust Advisors LP now owns 1,279,876 shares of the company’s stock valued at $63,776,000 after buying an additional 51,379 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Analyst Upgrades and Downgrades

OZK has been the topic of several analyst reports. Raymond James lowered shares of Bank OZK from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. StockNews.com upgraded Bank OZK from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. Stephens restated an “equal weight” rating and set a $50.00 price objective on shares of Bank OZK in a research report on Thursday, July 18th. Wells Fargo & Company decreased their target price on Bank OZK from $39.00 to $35.00 and set an “underweight” rating on the stock in a research report on Thursday, June 6th. Finally, Truist Financial dropped their target price on shares of Bank OZK from $49.00 to $48.00 and set a “hold” rating for the company in a report on Friday, September 20th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $46.57.

Bank OZK Stock Performance

NASDAQ:OZK opened at $41.72 on Friday. The stock’s 50-day moving average is $42.57 and its 200-day moving average is $43.10. Bank OZK has a 1-year low of $34.76 and a 1-year 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 0.17. The stock has a market cap of $4.73 billion, a P/E ratio of 6.99 and a beta of 1.17.

Bank OZK (NASDAQ:OZK) last posted its earnings results on Wednesday, July 17th. The company reported $1.52 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.52. The firm had revenue of $416.78 million for the quarter, compared to analyst estimates of $414.39 million. Bank OZK had a net margin of 27.04% and a return on equity of 14.50%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.47 EPS. Equities research analysts anticipate that Bank OZK will post 5.98 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 12th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.84%. This is an increase from Bank OZK’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, July 12th. Bank OZK’s dividend payout ratio is presently 26.80%.

About Bank OZK

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.