9,129 Shares in Bank OZK (NASDAQ:OZK) Purchased by HighTower Advisors LLC

HighTower Advisors LLC acquired a new stake in shares of Bank OZK (NASDAQ:OZK) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 9,129 shares of the company’s stock, valued at approximately $392,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Evergreen Capital Management LLC boosted its stake in Bank OZK by 8.3% during the second quarter. Evergreen Capital Management LLC now owns 5,079 shares of the company’s stock worth $208,000 after buying an additional 388 shares during the last quarter. Raymond James Trust N.A. grew its stake in shares of Bank OZK by 6.0% in the third quarter. Raymond James Trust N.A. now owns 7,184 shares of the company’s stock valued at $309,000 after buying an additional 407 shares in the last quarter. Assetmark Inc. increased its stake in Bank OZK by 73.8% during the third quarter. Assetmark Inc. now owns 968 shares of the company’s stock worth $42,000 after purchasing an additional 411 shares during the period. Caprock Group LLC increased its stake in Bank OZK by 10.5% during the 3rd quarter. Caprock Group LLC now owns 6,805 shares of the company’s stock worth $293,000 after buying an additional 645 shares during the period. Finally, Benjamin Edwards Inc. raised its stake in shares of Bank OZK by 16.9% in the second quarter. Benjamin Edwards Inc. now owns 4,898 shares of the company’s stock valued at $201,000 after acquiring an additional 708 shares in the last quarter. 86.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on OZK. Stephens raised their price objective 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. Truist Financial decreased their price objective on Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a report on Monday, October 21st. UBS Group started coverage on Bank OZK in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price target on the stock. Piper Sandler raised their target price on shares of Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, Raymond James cut Bank OZK from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 17th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Bank OZK has a consensus rating of “Hold” and an average price target of $49.33.

Bank OZK Stock Up 0.9 %

Shares of NASDAQ:OZK opened at $43.83 on Monday. 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 has a market capitalization of $4.97 billion, a P/E ratio of 7.21 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 stock’s fifty day simple moving average is $46.60 and its 200-day simple moving average is $43.52.

Bank OZK (NASDAQ:OZK) last announced its earnings results on Thursday, October 17th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.02. The firm had revenue of $423.00 million for the quarter, compared to analyst estimates of $419.08 million. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%. As a group, equities research analysts forecast that Bank OZK will post 6.03 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 11th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 3.74%. This is an increase from Bank OZK’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, October 11th. Bank OZK’s payout ratio is presently 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.