Franklin Resources Inc. Has $3.64 Million Stock Holdings in Bank OZK (NASDAQ:OZK)

Franklin Resources Inc. cut its position in Bank OZK (NASDAQ:OZKFree Report) by 37.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 73,041 shares of the company’s stock after selling 43,105 shares during the period. Franklin Resources Inc. owned about 0.06% of Bank OZK worth $3,640,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in Bank OZK by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,994,821 shares of the company’s stock worth $111,018,000 after purchasing an additional 35,215 shares during the period. Newport Trust Company LLC raised its holdings in Bank OZK by 0.8% in the third quarter. Newport Trust Company LLC now owns 1,210,102 shares of the company’s stock worth $44,858,000 after purchasing an additional 9,857 shares during the period. Norges Bank acquired a new stake in Bank OZK in the fourth quarter worth $56,293,000. Jupiter Asset Management Ltd. raised its holdings in shares of Bank OZK by 423.9% during the third quarter. Jupiter Asset Management Ltd. now owns 1,085,368 shares of the company’s stock worth $40,235,000 after acquiring an additional 878,212 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Bank OZK by 33.2% during the third quarter. American Century Companies Inc. now owns 716,297 shares of the company’s stock worth $26,553,000 after acquiring an additional 178,620 shares during the period. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. StockNews.com upgraded shares of Bank OZK from a “sell” rating to a “hold” rating in a report on Thursday. Stephens restated an “equal weight” rating and set a $50.00 price objective on shares of Bank OZK in a report on Thursday. Truist Financial dropped their price objective on shares of Bank OZK from $48.00 to $47.00 and set a “hold” rating on the stock in a report on Monday, April 22nd. Morgan Stanley restated an “equal weight” rating and set a $48.00 price objective on shares of Bank OZK in a report on Monday, April 22nd. Finally, Citigroup lowered shares of Bank OZK from a “buy” rating to a “sell” rating and dropped their price objective for the stock from $57.00 to $37.00 in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Bank OZK presently has a consensus rating of “Hold” and an average target price of $46.57.

View Our Latest Research Report on Bank OZK

Bank OZK Stock Up 1.4 %

Shares of OZK stock opened at $41.88 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14. Bank OZK has a 1 year low of $34.24 and a 1 year high of $52.36. The firm’s fifty day moving average price is $45.42 and its two-hundred day moving average price is $45.24. The firm has a market capitalization of $4.74 billion, a P/E ratio of 7.02 and a beta of 1.24.

Bank OZK (NASDAQ:OZKGet Free Report) last released its quarterly earnings data on Thursday, April 18th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.07. The company had revenue of $406.02 million for the quarter, compared to analyst estimates of $396.81 million. Bank OZK had a net margin of 28.54% and a return on equity of 14.84%. During the same period in the previous year, the business earned $1.41 EPS. On average, equities analysts predict that Bank OZK will post 6.1 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 12th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, April 11th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a dividend yield of 3.72%. Bank OZK’s payout ratio is currently 26.13%.

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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Institutional Ownership by Quarter for Bank OZK (NASDAQ:OZK)

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