Bank OZK (NASDAQ:OZK) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP grew its stake in shares of Bank OZK (NASDAQ:OZK) by 32.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,223,452 shares of the company’s stock after buying an additional 1,041,198 shares during the quarter. Wellington Management Group LLP’s holdings in Bank OZK were worth $181,566,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. PSI Advisors LLC raised its holdings in Bank OZK by 20,933.3% during the second quarter. PSI Advisors LLC now owns 631 shares of the company’s stock worth $26,000 after purchasing an additional 628 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Bank OZK by 73.8% in the third quarter. Assetmark Inc. now owns 968 shares of the company’s stock valued at $42,000 after buying an additional 411 shares during the period. American National Bank & Trust acquired a new stake in shares of Bank OZK in the third quarter valued at $44,000. Innealta Capital LLC bought a new position in Bank OZK during the second quarter valued at about $46,000. Finally, Abich Financial Wealth Management LLC bought a new stake in Bank OZK in the second quarter worth about $49,000. 86.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Stephens raised their price objective on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Wells Fargo & Company upped their price target on Bank OZK from $35.00 to $40.00 and gave the company an “underweight” rating in a report on Tuesday, December 3rd. Truist Financial cut their target price on Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a research report on Monday, October 21st. Raymond James cut Bank OZK from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. Finally, Piper Sandler raised their target price 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. Two equities research 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $49.13.

Bank OZK Trading Up 0.3 %

Shares of NASDAQ OZK opened at $47.49 on Monday. The business has a 50 day simple moving average of $45.82 and a 200 day simple moving average of $43.28. Bank OZK has a 52 week low of $37.43 and a 52 week high of $52.36. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of 7.81 and a beta of 1.18. 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 (NASDAQ:OZK) last issued its quarterly earnings data on Thursday, October 17th. The company reported $1.55 earnings per share (EPS) 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 firm had revenue of $423.00 million during the quarter, compared to analysts’ expectations of $419.08 million. On average, research analysts predict that Bank OZK will post 6.03 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 11th were issued a $0.41 dividend. This is a positive change from Bank OZK’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend was Friday, October 11th. Bank OZK’s payout ratio is 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.