Bank OZK (NASDAQ:OZK) Position Boosted by Berkley W R Corp

Berkley W R Corp lifted its position in shares of Bank OZK (NASDAQ:OZK) by 0.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 600,800 shares of the company’s stock after purchasing an additional 800 shares during the quarter. Bank OZK comprises approximately 1.5% of Berkley W R Corp’s holdings, making the stock its 9th largest holding. Berkley W R Corp owned approximately 0.53% of Bank OZK worth $25,828,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its holdings in Bank OZK by 5.6% in 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 purchasing an additional 3,301 shares in the last quarter. Tidal Investments LLC boosted its holdings 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 acquiring an additional 210 shares during the period. Versant Capital Management Inc grew 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 valued at $40,000 after acquiring an additional 791 shares in the last quarter. CWM LLC raised its stake in shares of Bank OZK by 2,027.9% during the second quarter. CWM LLC now owns 9,746 shares of the company’s stock valued at $400,000 after purchasing an additional 9,288 shares during the period. Finally, Cardinal Capital Management boosted its stake in shares of Bank OZK by 4.4% in the second quarter. Cardinal Capital Management now owns 41,135 shares of the company’s stock valued at $1,687,000 after purchasing 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

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

Bank OZK Stock Performance

OZK stock opened at $49.97 on Friday. The firm has a market cap of $5.67 billion, a P/E ratio of 8.22 and a beta of 1.16. The stock’s 50 day simple moving average is $45.19 and its 200 day simple moving average is $43.32. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. Bank OZK has a 12-month low of $37.43 and a 12-month high of $52.36.

Bank OZK (NASDAQ:OZK) last issued its earnings results on Thursday, October 17th. The company reported $1.55 earnings per share for the quarter, topping 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 company had revenue of $423.00 million for the quarter, compared to analysts’ expectations 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 firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 11th were issued a $0.41 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.64 dividend on an annualized basis and a yield of 3.28%. This is a boost from Bank OZK’s previous quarterly dividend of $0.40. Bank OZK’s dividend payout ratio (DPR) is currently 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.