FMR LLC reduced its holdings in shares of Bank Ozk (NASDAQ:OZK) by 7.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,479,217 shares of the company’s stock after selling 375,808 shares during the quarter. FMR LLC owned 3.47% of Bank Ozk worth $129,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in OZK. Nordea Investment Management AB increased its stake in Bank Ozk by 66.6% during the 1st quarter. Nordea Investment Management AB now owns 284,294 shares of the company’s stock worth $8,240,000 after buying an additional 113,616 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in Bank Ozk by 17.6% in the first quarter. Clearbridge Investments LLC now owns 1,667,435 shares of the company’s stock valued at $48,322,000 after acquiring an additional 249,332 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in Bank Ozk in the first quarter valued at approximately $976,000. Marshall Wace LLP acquired a new position in Bank Ozk in the first quarter valued at approximately $608,000. Finally, Giverny Capital Inc. lifted its holdings in Bank Ozk by 3.4% in the first quarter. Giverny Capital Inc. now owns 694,672 shares of the company’s stock valued at $20,132,000 after acquiring an additional 22,680 shares during the last quarter. 83.45% of the stock is currently owned by hedge funds and other institutional investors.
Shares of OZK traded up $0.49 during mid-day trading on Thursday, reaching $28.59. 1,576,675 shares of the company’s stock were exchanged, compared to its average volume of 1,078,645. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.96 and a current ratio of 0.96. The stock’s 50-day simple moving average is $29.70. Bank Ozk has a 52-week low of $21.02 and a 52-week high of $42.74. The company has a market cap of $3.69 billion, a P/E ratio of 8.82, a price-to-earnings-growth ratio of 0.69 and a beta of 1.85.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 12th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Thursday, July 11th. This is a positive change from Bank Ozk’s previous quarterly dividend of $0.23. Bank Ozk’s dividend payout ratio (DPR) is 29.63%.
A number of research analysts have commented on OZK shares. Zacks Investment Research cut Ionis Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Friday, April 5th. Stephens assumed coverage on Slack in a research report on Thursday, July 11th. They set an “overweight” rating and a $43.00 price objective on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $32.55.
About Bank Ozk
Bank OZK provides retail and commercial banking services to businesses, individuals, and non-profit and governmental entities. The company accepts non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits.
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