Bank OZK (NASDAQ:OZK) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC raised its position in shares of Bank OZK (NASDAQ:OZK) by 112.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 51,717 shares of the company’s stock after purchasing an additional 27,409 shares during the quarter. Cerity Partners LLC’s holdings in Bank OZK were worth $2,223,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in shares of Bank OZK by 5.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 62,444 shares of the company’s stock valued at $2,839,000 after acquiring an additional 3,301 shares in the last quarter. Tidal Investments LLC increased its stake in Bank OZK by 4.0% during the first quarter. Tidal Investments LLC now owns 5,491 shares of the company’s stock valued at $250,000 after purchasing an additional 210 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Bank OZK by 423.0% during 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 during the period. CWM LLC lifted its position in shares of Bank OZK by 2,027.9% in the 2nd quarter. CWM LLC now owns 9,746 shares of the company’s stock worth $400,000 after buying an additional 9,288 shares during the last quarter. Finally, Cardinal Capital Management boosted its holdings in shares of Bank OZK by 4.4% in the 2nd quarter. Cardinal Capital Management now owns 41,135 shares of the company’s stock valued at $1,687,000 after buying an additional 1,743 shares during the period. Institutional investors and hedge funds own 86.18% of the company’s stock.

Analyst Upgrades and Downgrades

OZK has been the topic of several research reports. Raymond James lowered shares of Bank OZK from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. Stephens raised their price target on Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Truist Financial reduced their price objective on Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a research report on Monday, October 21st. Piper Sandler increased their target price on Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Finally, Morgan Stanley boosted their price target on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $48.50.

Bank OZK Trading Up 0.1 %

NASDAQ:OZK opened at $49.97 on Monday. The stock has a market cap of $5.67 billion, a price-to-earnings ratio of 8.22 and a beta of 1.16. 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 1 year low of $37.43 and a 1 year high of $52.36. The business has a fifty day moving average of $45.19 and a 200-day moving average of $43.28.

Bank OZK (NASDAQ:OZK) last announced its earnings results 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. The firm had revenue of $423.00 million during the quarter, compared to analyst estimates of $419.08 million. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%. Equities analysts predict that Bank OZK will post 6.03 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 11th were issued 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 annualized dividend and a dividend yield of 3.28%. Bank OZK’s dividend payout ratio (DPR) is 26.97%.

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.