Amundi Lowers Position in Bank OZK $OZK

Amundi trimmed its position in shares of Bank OZK (NASDAQ:OZK) by 9.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 335,052 shares of the company’s stock after selling 33,407 shares during the quarter. Amundi’s holdings in Bank OZK were worth $17,071,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in OZK. First Trust Advisors LP grew its position in Bank OZK by 0.3% during the second quarter. First Trust Advisors LP now owns 2,790,739 shares of the company’s stock valued at $131,332,000 after buying an additional 9,540 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Bank OZK by 107.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,789 shares of the company’s stock worth $84,000 after acquiring an additional 926 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Bank OZK by 1.4% during the 2nd quarter. Invesco Ltd. now owns 566,570 shares of the company’s stock worth $26,663,000 after acquiring an additional 7,655 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Bank OZK by 57.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 694,956 shares of the company’s stock valued at $32,705,000 after acquiring an additional 253,001 shares during the period. Finally, Ballast Asset Management LP purchased a new position in shares of Bank OZK in the 2nd quarter valued at about $2,429,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wells Fargo & Company increased their price target on Bank OZK from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Monday, September 29th. UBS Group reduced their target price on Bank OZK from $57.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, October 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of Bank OZK in a research note on Thursday, October 30th. Stephens raised shares of Bank OZK from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $58.00 to $65.00 in a report on Wednesday, August 20th. Finally, Cowen reaffirmed a “buy” rating on shares of Bank OZK in a report on Tuesday, October 21st. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $58.75.

Bank OZK Stock Performance

Shares of NASDAQ:OZK opened at $48.48 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.03. Bank OZK has a 1 year low of $35.71 and a 1 year high of $53.66. The firm has a market capitalization of $5.42 billion, a PE ratio of 7.82 and a beta of 0.92. The business’s 50 day moving average price is $46.46 and its 200-day moving average price is $48.45.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings data on Thursday, October 16th. The company reported $1.59 earnings per share 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 during the quarter, compared to analysts’ expectations of $447.93 million. During the same quarter in the previous year, the business posted $1.55 EPS. As a group, equities research analysts expect that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, October 14th were given a dividend of $0.45 per share. The ex-dividend date was Tuesday, October 14th. This is a boost from Bank OZK’s previous quarterly dividend of $0.44. This represents a $1.80 dividend on an annualized basis and a yield of 3.7%. Bank OZK’s dividend payout ratio (DPR) is presently 29.03%.

Bank OZK 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.