Bank OZK (NASDAQ:OZK) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System trimmed its holdings in shares of Bank OZK (NASDAQ:OZK) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,200 shares of the company’s stock after selling 600 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Bank OZK were worth $1,255,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. M&G Plc acquired a new position in shares of Bank OZK during the 1st quarter worth approximately $8,437,000. State Board of Administration of Florida Retirement System raised its stake in shares of Bank OZK by 27.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 140,492 shares of the company’s stock worth $6,387,000 after buying an additional 29,993 shares during the period. SG Americas Securities LLC acquired a new position in shares of Bank OZK during the 2nd quarter worth approximately $873,000. BNP Paribas Financial Markets raised its stake in shares of Bank OZK by 211.3% during the 1st quarter. BNP Paribas Financial Markets now owns 61,181 shares of the company’s stock worth $2,781,000 after buying an additional 41,527 shares during the period. Finally, Natixis acquired a new position in shares of Bank OZK during the 1st quarter worth approximately $868,000. 86.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OZK has been the subject of several research reports. Stephens boosted their price target on Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating 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 report on Tuesday, September 17th. StockNews.com upgraded Bank OZK from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Morgan Stanley boosted their price target on Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Finally, Piper Sandler boosted their price target on Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Bank OZK currently has an average rating of “Hold” and a consensus target price of $48.50.

Bank OZK Stock Up 0.2 %

Shares of NASDAQ:OZK opened at $43.84 on Friday. 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 business has a fifty day moving average of $42.68 and a two-hundred day moving average of $43.02. The stock has a market cap of $4.97 billion, a P/E ratio of 7.22 and a beta of 1.17. Bank OZK has a 52-week low of $36.14 and a 52-week high of $52.36.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 11th were issued a dividend of $0.41 per share. The ex-dividend date was Friday, October 11th. This is a boost from Bank OZK’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.74%. Bank OZK’s dividend payout ratio is currently 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.