Allspring Global Investments Holdings LLC raised its holdings in shares of Bank OZK (NASDAQ:OZK - Free Report) by 55.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,980 shares of the company's stock after purchasing an additional 46,349 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.11% of Bank OZK worth $5,639,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Bank OZK by 12.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 85,979 shares of the company's stock worth $3,760,000 after acquiring an additional 9,604 shares in the last quarter. Money Concepts Capital Corp grew its stake in shares of Bank OZK by 0.5% in the 1st quarter. Money Concepts Capital Corp now owns 70,962 shares of the company's stock worth $3,083,000 after acquiring an additional 376 shares in the last quarter. Artemis Investment Management LLP grew its stake in shares of Bank OZK by 15.5% in the 1st quarter. Artemis Investment Management LLP now owns 97,260 shares of the company's stock worth $4,226,000 after acquiring an additional 13,087 shares in the last quarter. KG&L Capital Management LLC grew its stake in shares of Bank OZK by 8.1% in the 1st quarter. KG&L Capital Management LLC now owns 26,498 shares of the company's stock worth $1,150,000 after acquiring an additional 1,975 shares in the last quarter. Finally, Lecap Asset Management Ltd. bought a new stake in shares of Bank OZK in the 1st quarter worth $397,000. Institutional investors own 86.18% of the company's stock.
Bank OZK Stock Performance
Shares of NASDAQ OZK traded down $0.28 during mid-day trading on Wednesday, hitting $51.69. The company had a trading volume of 962,925 shares, compared to its average volume of 1,217,086. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of 8.47 and a beta of 0.85. Bank OZK has a 1 year low of $35.71 and a 1 year high of $53.64. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.14. The stock's 50-day moving average price is $46.11 and its 200-day moving average price is $45.63.
Bank OZK (NASDAQ:OZK - Get Free Report) last posted its earnings results on Wednesday, April 16th. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.42 by $0.05. Bank OZK had a return on equity of 13.46% and a net margin of 25.66%. The business had revenue of $409.23 million during the quarter, compared to analysts' expectations of $403.05 million. During the same period in the previous year, the business earned $1.51 earnings per share. On average, sell-side analysts forecast that Bank OZK will post 6.02 earnings per share for the current year.
Bank OZK Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Friday, July 11th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.40%. This is a boost from Bank OZK's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Friday, July 11th. Bank OZK's payout ratio is presently 28.20%.
Analysts Set New Price Targets
A number of research firms have recently weighed in on OZK. Raymond James Financial raised shares of Bank OZK from a "market perform" rating to an "outperform" rating and set a $58.00 target price for the company in a research report on Tuesday. Keefe, Bruyette & Woods reduced their price objective on Bank OZK from $50.00 to $48.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Wells Fargo & Company decreased their target price on Bank OZK from $48.00 to $40.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. Morgan Stanley decreased their target price on Bank OZK from $58.00 to $54.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. Finally, Stephens decreased their target price on Bank OZK from $59.00 to $54.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $51.75.
Check Out Our Latest Stock Analysis on OZK
About Bank OZK
(
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.
Further Reading
Before you consider Bank OZK, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bank OZK wasn't on the list.
While Bank OZK currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for August 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
