Bank OZK (NASDAQ:OZK) Shares Acquired by Benjamin Edwards Inc.

Benjamin Edwards Inc. increased its stake in shares of Bank OZK (NASDAQ:OZK) by 16.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,898 shares of the company’s stock after purchasing an additional 708 shares during the period. Benjamin Edwards Inc.’s holdings in Bank OZK were worth $201,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank purchased a new position in Bank OZK during the fourth quarter worth about $56,293,000. Victory Capital Management Inc. increased its position in Bank OZK by 483.9% during the second quarter. Victory Capital Management Inc. now owns 980,358 shares of the company’s stock worth $40,195,000 after purchasing an additional 812,464 shares during the last quarter. Vanguard Group Inc. raised its stake in Bank OZK by 4.4% during the fourth quarter. Vanguard Group Inc. now owns 12,028,779 shares of the company’s stock worth $599,394,000 after purchasing an additional 502,005 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Bank OZK by 18.8% in the 4th quarter. Wellington Management Group LLP now owns 1,897,696 shares of the company’s stock valued at $94,562,000 after purchasing an additional 300,025 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Bank OZK by 21.9% during 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. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on OZK. Raymond James downgraded Bank OZK from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. Morgan Stanley raised their target price 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, August 5th. Stephens reiterated an “equal weight” rating and issued a $50.00 price target on shares of Bank OZK in a report on Thursday, July 18th. Truist Financial reduced their price objective on Bank OZK from $49.00 to $48.00 and set a “hold” rating on the stock in a research note on Friday. Finally, Citigroup lowered Bank OZK from a “buy” rating to a “sell” rating and lowered their target price for the company from $57.00 to $37.00 in a research note on Wednesday, May 29th. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $46.57.

Bank OZK Trading Down 2.8 %

Shares of OZK opened at $42.76 on Friday. Bank OZK has a one year low of $34.76 and a one year high of $52.36. The stock has a 50-day moving average price of $42.90 and a 200 day moving average price of $43.16. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $4.85 billion, a P/E ratio of 7.16 and a beta of 1.17.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Wednesday, July 17th. The company reported $1.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.52. Bank OZK had a net margin of 27.04% and a return on equity of 14.50%. The business had revenue of $416.78 million during the quarter, compared to analyst estimates of $414.39 million. During the same quarter in the previous year, the firm earned $1.47 earnings per share. The business’s revenue was up 7.2% compared to the same quarter last year. Sell-side analysts forecast that Bank OZK will post 6.01 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 12th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.74%. This is an increase from Bank OZK’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, July 12th. Bank OZK’s dividend payout ratio (DPR) is 26.80%.

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.