Bank OZK (NASDAQ:OZK) Stock Holdings Lessened by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its holdings in Bank OZK (NASDAQ:OZK – Get Rating) by 1.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,464,226 shares of the company’s stock after selling 15,658 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.17% of Bank OZK worth $57,924,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of OZK. Cambridge Investment Research Advisors Inc. lifted its position in shares of Bank OZK by 74.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,606 shares of the company’s stock worth $538,000 after buying an additional 5,383 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Bank OZK by 2.1% in the 1st quarter. Bank of Montreal Can now owns 62,797 shares of the company’s stock worth $2,738,000 after acquiring an additional 1,308 shares during the period. MetLife Investment Management LLC increased its holdings in shares of Bank OZK by 33.5% in the 1st quarter. MetLife Investment Management LLC now owns 78,203 shares of the company’s stock worth $3,339,000 after acquiring an additional 19,621 shares during the period. Rhumbline Advisers increased its holdings in shares of Bank OZK by 0.4% in the 1st quarter. Rhumbline Advisers now owns 328,506 shares of the company’s stock worth $14,027,000 after acquiring an additional 1,212 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Bank OZK by 10.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 44,341 shares of the company’s stock worth $1,893,000 after acquiring an additional 4,262 shares during the period. 76.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on OZK shares. UBS Group increased their price objective on shares of Bank OZK to $48.00 in a report on Wednesday, November 16th. Truist Financial raised their target price on shares of Bank OZK from $45.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, January 23rd. Keefe, Bruyette & Woods lowered their target price on shares of Bank OZK from $45.00 to $40.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 4th. Finally, Morgan Stanley raised 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, January 23rd. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $47.56.

Bank OZK Stock Performance

Shares of OZK opened at $37.94 on Friday. The firm’s 50 day moving average is $44.04 and its 200-day moving average is $42.90. The stock has a market capitalization of $4.76 billion, a P/E ratio of 8.36 and a beta of 1.42. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.00 and a quick ratio of 0.98. Bank OZK has a 12-month low of $34.79 and a 12-month high of $49.52.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 24th. Stockholders of record on Tuesday, January 17th were paid a $0.34 dividend. The ex-dividend date was Friday, January 13th. This represents a $1.36 annualized dividend and a dividend yield of 3.58%. This is a boost from Bank OZK’s previous quarterly dividend of $0.33. Bank OZK’s payout ratio is currently 29.96%.

Bank OZK Company Profile

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Bank OZK engages in the provision of community banking services. The firm offers deposit services such as checking, savings, money market, time deposit, and individual retirement accounts. It also provides loan services including types of real estate, consumer, commercial, industrial, and agricultural loans.