Creative Planning Lowers Stock Holdings in Bank OZK (NASDAQ:OZK)

Creative Planning lowered its position in shares of Bank OZK (NASDAQ:OZK) by 2.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,899 shares of the company’s stock after selling 532 shares during the period. Creative Planning’s holdings in Bank OZK were worth $812,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tidal Investments LLC grew its position in Bank OZK by 4.0% in the 1st 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 position in Bank OZK by 8.3% in the 2nd quarter. Evergreen Capital Management LLC now owns 5,079 shares of the company’s stock worth $208,000 after purchasing an additional 388 shares during the period. Naples Global Advisors LLC grew 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 worth $679,000 after purchasing an additional 400 shares during the period. CANADA LIFE ASSURANCE Co grew its position 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 purchasing an additional 409 shares during the period. Finally, BTC Capital Management Inc. grew its position in Bank OZK by 2.5% in the 2nd quarter. BTC Capital Management Inc. now owns 22,504 shares of the company’s stock worth $923,000 after purchasing an additional 559 shares during the period. Institutional investors own 86.18% of the company’s stock.

Bank OZK Stock Up 0.2 %

OZK opened at $43.84 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.02. Bank OZK has a fifty-two week low of $36.14 and a fifty-two week high of $52.36. The firm’s fifty day moving average is $42.69 and its 200 day moving average is $43.03. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of 7.21 and a beta of 1.16.

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 dividend of $0.41 per share. This is a boost 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 dividend on an annualized basis and a dividend yield of 3.74%. Bank OZK’s payout ratio is 26.97%.

Analysts Set New Price Targets

A number of equities research analysts have commented on OZK shares. StockNews.com raised shares of Bank OZK from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Stephens lifted their target price on shares of Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Piper Sandler boosted 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. Morgan Stanley boosted 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 report on Monday, August 5th. Finally, Truist Financial cut their price objective 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. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Bank OZK presently has an average rating of “Hold” and a consensus target price of $48.50.

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.