Amundi lowered its stake in Bank OZK (NASDAQ:OZK – Free Report) by 31.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 156,884 shares of the company’s stock after selling 73,429 shares during the quarter. Amundi’s holdings in Bank OZK were worth $6,784,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. M&T Bank Corp raised its holdings in shares of Bank OZK by 1.9% during the third quarter. M&T Bank Corp now owns 13,432 shares of the company’s stock valued at $578,000 after acquiring an additional 244 shares during the last quarter. Principal Securities Inc. raised its stake in Bank OZK by 12.7% in the 4th quarter. Principal Securities Inc. now owns 2,509 shares of the company’s stock valued at $112,000 after purchasing an additional 283 shares during the last quarter. Arizona State Retirement System lifted its holdings in Bank OZK by 1.0% in the 4th quarter. Arizona State Retirement System now owns 31,253 shares of the company’s stock valued at $1,392,000 after purchasing an additional 305 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Bank OZK by 2.1% during the 4th quarter. Pacer Advisors Inc. now owns 15,733 shares of the company’s stock worth $701,000 after purchasing an additional 325 shares during the last quarter. Finally, Savant Capital LLC grew its holdings in shares of Bank OZK by 0.7% during the fourth quarter. Savant Capital LLC now owns 46,784 shares of the company’s stock worth $2,083,000 after buying an additional 327 shares in the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.
Bank OZK Stock Performance
Shares of Bank OZK stock opened at $44.19 on Friday. The firm has a market cap of $5.01 billion, a PE ratio of 7.20 and a beta of 1.23. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16. Bank OZK has a 52 week low of $37.43 and a 52 week high of $53.64. The business’s fifty day simple moving average is $48.11 and its 200-day simple moving average is $45.90.
Bank OZK Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 14th were given a $0.42 dividend. This is a positive change from Bank OZK’s previous quarterly dividend of $0.41. The ex-dividend date was Tuesday, January 14th. This represents a $1.68 dividend on an annualized basis and a yield of 3.80%. Bank OZK’s payout ratio is presently 27.36%.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on OZK. Wells Fargo & Company upgraded shares of Bank OZK from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $40.00 to $48.00 in a research report on Tuesday, January 21st. Stephens boosted their target price on Bank OZK from $53.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. UBS Group assumed coverage on Bank OZK in a report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price target for the company. Finally, Morgan Stanley lowered their price objective on Bank OZK from $58.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $50.38.
Check Out Our Latest Analysis on OZK
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.
Further Reading
- Five stocks we like better than Bank OZK
- How is Compound Interest Calculated?
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- With Risk Tolerance, One Size Does Not Fit All
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- The 3 Best Retail Stocks to Shop for in August
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Want to see what other hedge funds are holding OZK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank OZK (NASDAQ:OZK – Free Report).
Receive News & Ratings for Bank OZK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank OZK and related companies with MarketBeat.com's FREE daily email newsletter.