M&G Plc Acquires 20,394 Shares of Bank OZK (NASDAQ:OZK)

M&G Plc boosted its holdings in shares of Bank OZK (NASDAQ:OZK) by 9.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 231,195 shares of the company’s stock after buying an additional 20,394 shares during the quarter. M&G Plc owned approximately 0.20% of Bank OZK worth $9,941,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. State Board of Administration of Florida Retirement System grew its position in shares of Bank OZK by 27.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 140,492 shares of the company’s stock valued at $6,387,000 after acquiring an additional 29,993 shares during the period. SG Americas Securities LLC bought a new stake in Bank OZK during the second quarter valued at about $873,000. BNP Paribas Financial Markets increased its position in Bank OZK by 211.3% in the first quarter. BNP Paribas Financial Markets now owns 61,181 shares of the company’s stock worth $2,781,000 after buying an additional 41,527 shares in the last quarter. Natixis bought a new position in shares of Bank OZK in the first quarter worth about $868,000. Finally, D. E. Shaw & Co. Inc. lifted its position in shares of Bank OZK by 115.0% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 715,844 shares of the company’s stock valued at $29,350,000 after buying an additional 382,896 shares in the last quarter. 86.18% of the stock is owned by hedge funds and other institutional investors.

Bank OZK Stock Performance

NASDAQ OZK opened at $47.39 on Friday. The business has a 50 day simple moving average of $42.94 and a two-hundred day simple moving average of $43.12. Bank OZK has a 1-year low of $36.76 and a 1-year high of $52.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $5.38 billion, a PE ratio of 7.79 and a beta of 1.16.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 11th were paid a $0.41 dividend. This is a boost from Bank OZK’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend was Friday, October 11th. Bank OZK’s dividend payout ratio (DPR) is presently 26.97%.

Analyst Ratings Changes

OZK has been the subject of several analyst reports. Raymond James lowered shares of Bank OZK from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 17th. Morgan Stanley lifted their target price on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. StockNews.com upgraded Bank OZK from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. Truist Financial lowered their price objective on Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a research report on Monday, October 21st. Finally, Stephens increased their target price on Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Bank OZK currently has an average rating of “Hold” and an average target price of $48.50.

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.