Barclays PLC Grows Stake in Bank OZK (NASDAQ:OZK)

Barclays PLC raised its stake in shares of Bank OZK (NASDAQ:OZK) by 30.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 254,874 shares of the company’s stock after purchasing an additional 59,907 shares during the period. Barclays PLC’s holdings in Bank OZK were worth $10,958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. PSI Advisors LLC grew its holdings in Bank OZK by 20,933.3% during the 2nd quarter. PSI Advisors LLC now owns 631 shares of the company’s stock valued at $26,000 after purchasing an additional 628 shares during the last quarter. Assetmark Inc. boosted its position in shares of Bank OZK by 73.8% during 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 bought a new position in shares of Bank OZK during the third quarter valued at approximately $44,000. Innealta Capital LLC purchased a new stake in shares of Bank OZK in the second quarter worth approximately $46,000. Finally, Abich Financial Wealth Management LLC bought a new stake in shares of Bank OZK during the 2nd quarter worth approximately $49,000. 86.18% of the stock is owned by institutional investors.

Bank OZK Stock Performance

Shares of OZK stock opened at $47.71 on Tuesday. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of 7.85 and a beta of 1.18. Bank OZK has a 52-week low of $37.43 and a 52-week high of $51.50. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.12. The company’s 50 day moving average is $46.33 and its 200 day moving average is $43.35.

Bank OZK (NASDAQ:OZK) last announced its quarterly 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 business had revenue of $423.00 million for the quarter, compared to the consensus estimate of $419.08 million. Bank OZK had a return on equity of 14.15% and a net margin of 26.07%. On average, sell-side analysts anticipate that Bank OZK will post 6.03 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 11th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.44%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, October 11th. Bank OZK’s dividend payout ratio is presently 26.97%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Raymond James lowered Bank OZK from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. Piper Sandler lifted their price objective on shares of Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Truist Financial dropped 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 lifted their price target on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Finally, Wells Fargo & Company increased their price objective on Bank OZK from $35.00 to $40.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Bank OZK presently has an average rating of “Hold” and an average target price of $49.13.

About Bank OZK

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.