Bank OZK (NASDAQ:OZK) Shares Sold by Fmr LLC

Fmr LLC reduced its stake in shares of Bank OZK (NASDAQ:OZK) by 2.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 9,216 shares of the company’s stock after selling 252 shares during the quarter. Fmr LLC’s holdings in Bank OZK were worth $396,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in OZK. Quantbot Technologies LP lifted its holdings in Bank OZK by 43.0% during the 3rd quarter. Quantbot Technologies LP now owns 270,132 shares of the company’s stock worth $11,613,000 after buying an additional 81,265 shares during the last quarter. Senvest Management LLC acquired a new stake in shares of Bank OZK during the 3rd quarter valued at approximately $22,306,000. Alpha DNA Investment Management LLC bought a new position in Bank OZK during the third quarter worth $529,000. Algert Global LLC lifted its stake in Bank OZK by 43.3% during the third 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 last quarter. Finally, Cerity Partners LLC boosted its holdings in Bank OZK by 112.8% in the third quarter. Cerity Partners LLC now owns 51,717 shares of the company’s stock worth $2,223,000 after purchasing an additional 27,409 shares during the period. 86.18% of the stock is owned by institutional investors and hedge funds.

Bank OZK Stock Down 0.8 %

OZK opened at $43.43 on Friday. The stock’s 50 day moving average price is $46.60 and its 200 day moving average price is $43.43. 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 $4.93 billion, a P/E ratio of 7.14 and a beta of 1.18. Bank OZK has a 12 month low of $37.43 and a 12 month high of $51.50.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data 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 analysts’ expectations 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 predict that Bank OZK will post 6.03 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 11th were paid a $0.41 dividend. This is a positive change from Bank OZK’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend was Friday, October 11th. Bank OZK’s dividend payout ratio is currently 26.97%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Piper Sandler increased their target price on shares of Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Stephens increased 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, October 21st. Wells Fargo & Company lifted their target price on Bank OZK from $35.00 to $40.00 and gave the company an “underweight” rating in a research note on Tuesday, December 3rd. Raymond James cut Bank OZK from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. Finally, UBS Group began coverage on Bank OZK in a research report on Tuesday. They set a “neutral” rating and a $51.00 price objective for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $49.33.

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.