Bank OZK (NASDAQ:OZK) Shares Purchased by M&T Bank Corp

M&T Bank Corp boosted its holdings in shares of Bank OZK (NASDAQ:OZK) by 1.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,432 shares of the company’s stock after acquiring an additional 244 shares during the period. M&T Bank Corp’s holdings in Bank OZK were worth $578,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its stake in shares of Bank OZK by 21.8% during the second quarter. Nisa Investment Advisors LLC now owns 66,426 shares of the company’s stock valued at $2,723,000 after acquiring an additional 11,887 shares during the last quarter. Pallas Capital Advisors LLC purchased a new stake in shares of Bank OZK during the second quarter worth about $277,000. PSI Advisors LLC raised its position in shares of 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 buying an additional 628 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Bank OZK by 8.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,734 shares of the company’s stock valued at $1,014,000 after buying an additional 1,830 shares during the period. Finally, Panagora Asset Management Inc. acquired a new stake in Bank OZK during the second quarter worth approximately $262,000. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Piper Sandler increased their price target on Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. UBS Group assumed coverage on Bank OZK in a report on Tuesday. They issued a “neutral” rating and a $51.00 price target for the company. Wells Fargo & Company increased their price objective on shares of Bank OZK from $35.00 to $40.00 and gave the stock an “underweight” rating in a report on Tuesday, December 3rd. Stephens boosted their target price on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Finally, Truist Financial cut 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. Two 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $49.33.

Bank OZK Stock Down 2.7 %

Shares of NASDAQ OZK opened at $46.42 on Wednesday. The stock has a fifty day moving average price of $46.44 and a 200 day moving average price of $43.40. 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 $51.50. The company has a market cap of $5.27 billion, a P/E ratio of 7.65 and a beta of 1.18.

Bank OZK (NASDAQ:OZK) last posted 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. The business had revenue of $423.00 million during the quarter, compared to analyst estimates of $419.08 million. Bank OZK had a return on equity of 14.15% and a net margin of 26.07%. Research analysts anticipate that Bank OZK will post 6.03 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 11th were paid a $0.41 dividend. The ex-dividend date of this dividend was Friday, October 11th. This is an increase from Bank OZK’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 3.53%. Bank OZK’s dividend payout ratio is 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.