Bank OZK $OZK Shares Purchased by American Century Companies Inc.

American Century Companies Inc. increased its holdings in Bank OZK by 9.4% in Q2, owning 2.31% of the company. Other institutional investors also adjusted their positions. Bank OZK's stock opened at $44.86 with a market cap of $5.10 billion. The company reported Q3 earnings of $1.59 per share, missing estimates. Bank OZK increased its quarterly dividend to $0.45 per share. Analysts have mixed ratings on the stock, with some downgrading it to 'sell.'

American Century Companies Inc. grew its holdings in shares of Bank OZK (NASDAQ:OZK - Free Report) by 9.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,631,607 shares of the company's stock after purchasing an additional 226,315 shares during the period. American Century Companies Inc. owned 2.31% of Bank OZK worth $123,843,000 as of its most recent SEC filing.

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Other hedge funds and other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. lifted its holdings in Bank OZK by 13.4% in the first quarter. PNC Financial Services Group Inc. now owns 6,614 shares of the company's stock worth $287,000 after acquiring an additional 782 shares during the last quarter. Truist Financial Corp raised its position in shares of Bank OZK by 7.1% during the 2nd quarter. Truist Financial Corp now owns 16,494 shares of the company's stock worth $776,000 after purchasing an additional 1,088 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of Bank OZK by 8.5% in the 1st quarter. Raymond James Financial Inc. now owns 343,066 shares of the company's stock worth $14,906,000 after purchasing an additional 26,946 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Bank OZK by 42.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 185,720 shares of the company's stock valued at $9,093,000 after purchasing an additional 55,740 shares during the period. Finally, Campbell & CO Investment Adviser LLC grew its stake in Bank OZK by 1,175.4% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 75,148 shares of the company's stock worth $3,536,000 after buying an additional 69,256 shares during the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

Bank OZK Price Performance

Shares of NASDAQ:OZK opened at $44.86 on Tuesday. The stock has a market cap of $5.10 billion, a price-to-earnings ratio of 7.24 and a beta of 0.94. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.04. Bank OZK has a 12 month low of $35.71 and a 12 month high of $53.66. The stock's 50 day moving average price is $47.68 and its 200 day moving average price is $48.40.

Bank OZK (NASDAQ:OZK - Get Free Report) last issued its quarterly earnings results on Thursday, October 16th. The company reported $1.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.66 by ($0.07). Bank OZK had a net margin of 25.81% and a return on equity of 13.00%. The firm had revenue of $449.94 million for the quarter, compared to the consensus estimate of $447.93 million. During the same period in the previous year, the business posted $1.55 earnings per share. Equities research analysts anticipate that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, October 14th were paid a dividend of $0.45 per share. This is an increase from Bank OZK's previous quarterly dividend of $0.44. This represents a $1.80 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Tuesday, October 14th. Bank OZK's dividend payout ratio (DPR) is 29.03%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on OZK shares. Cowen reiterated a "buy" rating on shares of Bank OZK in a research note on Tuesday, October 21st. Wall Street Zen downgraded shares of Bank OZK from a "hold" rating to a "sell" rating in a research report on Saturday, November 1st. Keefe, Bruyette & Woods reduced their target price on shares of Bank OZK from $53.00 to $50.00 and set a "market perform" rating for the company in a research note on Monday, October 20th. Zacks Research lowered shares of Bank OZK from a "hold" rating to a "strong sell" rating in a research note on Friday, November 7th. Finally, UBS Group cut their price target on Bank OZK from $57.00 to $50.00 and set a "neutral" rating on the stock in a report on Tuesday, October 28th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $58.75.

View Our Latest Research Report on Bank OZK

Bank OZK Company Profile

(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.

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