2 weeks Ago By ABMN Staff
Legal & General Group Plc lessened its position in shares of Bank OZK ( NASDAQ:OZK – Free Report ) by 8.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 164,701 shares of the company’s stock after selling 14,769 shares during the period.
Legal & General Group Plc owned about 0.15% of Bank OZK worth $7,334,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors have also modified their holdings of the company.
Invesco Ltd. boosted its holdings in Bank OZK by 6.3% in the fourth quarter.
Invesco Ltd. now owns 573,572 shares of the company’s stock valued at $25,541,000 after purchasing an additional 34,240 shares in the last quarter. Bank of Montreal Can grew its position in shares of Bank OZK by 0.
5% in the 4th quarter. Bank of Montreal Can now owns 46,832 shares of the company’s stock valued at $2,085,000 after buying an additional 241 shares during the last quarter. Cerity Partners LLC raised its stake in Bank OZK by 17.
2% during the 4th quarter. Cerity Partners LLC now owns 60,590 shares of the company’s stock worth $2,688,000 after acquiring an additional 8,873 shares in the last quarter. Federated Hermes Inc.
lifted its position in Bank OZK by 47.6% in the fourth quarter. Federated Hermes Inc.
now owns 10,927 shares of the company’s stock valued at $487,000 after acquiring an additional 3,526 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in Bank OZK in the fourth quarter valued at $54,000. 86.
18% of the stock is currently owned by institutional investors and hedge funds. Bank OZK Stock Performance Shares of OZK stock opened at $41.63 on Friday.
The stock has a 50 day simple moving average of $44.36 and a 200-day simple moving average of $45.83.
The company has a market cap of $4.72 billion, a price-to-earnings ratio of 6.78 and a beta of 1.
05. The company has a current ratio of 1.03, a quick ratio of 1.
02 and a debt-to-equity ratio of 0.16. Bank OZK has a 12-month low of $35.
71 and a 12-month high of $53.64. Bank OZK Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Monday, April 21st.
Stockholders of record on Monday, April 14th will be given a $0.43 dividend. The ex-dividend date is Monday, April 14th.
This is a positive change from Bank OZK’s previous quarterly dividend of $0.42. This represents a $1.
72 annualized dividend and a dividend yield of 4.13%. Bank OZK’s dividend payout ratio is currently 28.
20%. Analysts Set New Price Targets Several research firms have recently weighed in on OZK. Morgan Stanley reduced their target price on Bank OZK from $58.
00 to $54.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. Wells Fargo & Company decreased their price objective on Bank OZK from $48.
00 to $40.00 and set an “equal weight” rating for the company in a report on Wednesday, April 9th. Finally, Stephens upped their price target on shares of Bank OZK from $53.
00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company.
According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $49.38. Check Out Our Latest Analysis on OZK About Bank OZK ( Free Report ) 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. Featured Articles 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 ).
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