Financial Partners Group LLC Has $855,000 Position in Bank OZK (NASDAQ:OZK)

Financial Partners Group LLC lifted its position in Bank OZK (NASDAQ:OZK) by 7.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,896 shares of the company’s stock after acquiring an additional 1,403 shares during the period. Financial Partners Group LLC’s holdings in Bank OZK were worth $855,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of OZK. PSI Advisors LLC grew its stake in Bank OZK by 20,933.3% in the second quarter. PSI Advisors LLC now owns 631 shares of the company’s stock valued at $26,000 after acquiring an additional 628 shares during the period. LRI Investments LLC acquired a new position in shares of Bank OZK in the first quarter valued at approximately $29,000. Versant Capital Management Inc increased its position 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 acquiring an additional 791 shares in the last quarter. American National Bank & Trust bought a new stake in shares of Bank OZK during the third quarter worth $44,000. Finally, Innealta Capital LLC acquired a new stake in shares of Bank OZK during the second quarter worth $46,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Bank OZK Stock Up 1.5 %

Shares of OZK stock opened at $44.39 on Friday. Bank OZK has a 52-week low of $34.76 and a 52-week high of $52.36. The stock has a market cap of $5.04 billion, a price-to-earnings ratio of 7.30 and a beta of 1.17. The firm’s 50-day moving average is $42.45 and its 200-day moving average is $43.01. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 11th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.69%. This is a boost from Bank OZK’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, October 11th. Bank OZK’s dividend payout ratio (DPR) is presently 26.97%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on OZK shares. Raymond James lowered shares of Bank OZK from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. StockNews.com upgraded Bank OZK from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Piper Sandler lifted 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. Truist Financial reduced their price target on Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a research report on Monday. Finally, Morgan Stanley 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 note on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $48.50.

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.