Natixis Advisors LLC Has $827,000 Position in Bank OZK (NASDAQ:OZK)

Natixis Advisors LLC grew its stake in shares of Bank OZK (NASDAQ:OZK) by 20.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 19,228 shares of the company’s stock after buying an additional 3,303 shares during the period. Natixis Advisors LLC’s holdings in Bank OZK were worth $827,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its position in Bank OZK by 5.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 62,444 shares of the company’s stock worth $2,839,000 after purchasing an additional 3,301 shares in the last quarter. Tidal Investments LLC raised its position in Bank OZK by 4.0% in the first quarter. Tidal Investments LLC now owns 5,491 shares of the company’s stock worth $250,000 after purchasing an additional 210 shares in the last quarter. Pathway Financial Advisers LLC acquired a new position in Bank OZK in the first quarter worth about $60,000. Versant Capital Management Inc raised its position in Bank OZK by 423.0% in the second quarter. Versant Capital Management Inc now owns 978 shares of the company’s stock worth $40,000 after purchasing an additional 791 shares in the last quarter. Finally, CWM LLC raised its position in Bank OZK by 2,027.9% in the second quarter. CWM LLC now owns 9,746 shares of the company’s stock worth $400,000 after purchasing an additional 9,288 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on OZK shares. Piper Sandler raised their price objective 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. Raymond James lowered shares of Bank OZK from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 17th. Morgan Stanley raised their price objective on shares of Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Stephens raised their price objective on shares of Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Finally, Truist Financial dropped their price objective on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $48.50.

Bank OZK Price Performance

OZK opened at $49.94 on Thursday. Bank OZK has a one year low of $37.43 and a one year high of $52.36. 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 company’s 50 day simple moving average is $44.78 and its 200-day simple moving average is $43.25. The stock has a market capitalization of $5.67 billion, a P/E ratio of 8.21 and a beta of 1.16.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings data on Thursday, October 17th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%. The firm had revenue of $423.00 million for the quarter, compared to analysts’ expectations of $419.08 million. Sell-side analysts anticipate that Bank OZK will post 6.03 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 11th were paid a $0.41 dividend. The ex-dividend date of this dividend was Friday, October 11th. This is a boost from Bank OZK’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a yield of 3.28%. Bank OZK’s dividend payout ratio (DPR) is presently 26.97%.

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.