Bank OZK (NASDAQ:OZK) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp grew its position in Bank OZK (NASDAQ:OZK) by 13.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,801 shares of the company’s stock after acquiring an additional 3,033 shares during the quarter. Stifel Financial Corp’s holdings in Bank OZK were worth $1,109,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its stake in Bank OZK by 73.8% during the 3rd quarter. Assetmark Inc. now owns 968 shares of the company’s stock worth $42,000 after purchasing an additional 411 shares during the last quarter. American National Bank & Trust acquired a new stake in Bank OZK in the 3rd quarter valued at about $44,000. Innealta Capital LLC purchased a new position in Bank OZK in the 2nd quarter worth approximately $46,000. Abich Financial Wealth Management LLC acquired a new position in shares of Bank OZK during the 2nd quarter worth approximately $49,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Bank OZK in the third quarter valued at approximately $61,000. 86.18% of the stock is owned by institutional investors and hedge funds.

Bank OZK Stock Performance

Shares of OZK stock opened at $43.83 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $4.97 billion, a P/E ratio of 7.21 and a beta of 1.18. The firm’s 50 day moving average price is $46.60 and its 200-day moving average price is $43.52. Bank OZK has a one year low of $37.43 and a one year high of $51.50.

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. Bank OZK had a return on equity of 14.15% and a net margin of 26.07%. The company had revenue of $423.00 million for the quarter, compared to analyst estimates of $419.08 million. As a group, equities research analysts predict that Bank OZK will post 6.03 EPS for the current year.

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 issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.74%. 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. Bank OZK’s dividend payout ratio (DPR) is 26.97%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on OZK shares. Raymond James cut Bank OZK from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 17th. Wells Fargo & Company upped their price objective on shares of Bank OZK from $35.00 to $40.00 and gave the company an “underweight” rating in a report on Tuesday, December 3rd. Truist Financial reduced their target price on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a research note on Monday, October 21st. Stephens raised their price target 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, Piper Sandler lifted their price target 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. Two investment 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. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $49.33.

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.