Amundi Grows Stock Holdings in Bank OZK $OZK

Amundi increased its stake in shares of Bank OZK (NASDAQ:OZK - Free Report) by 134.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 368,459 shares of the company's stock after acquiring an additional 211,575 shares during the quarter. Amundi owned about 0.32% of Bank OZK worth $16,010,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of OZK. CX Institutional acquired a new position in Bank OZK in the first quarter valued at $30,000. Summit Securities Group LLC acquired a new position in Bank OZK in the first quarter valued at $32,000. Bruce G. Allen Investments LLC increased its stake in Bank OZK by 4,828.6% in the first quarter. Bruce G. Allen Investments LLC now owns 1,035 shares of the company's stock valued at $45,000 after purchasing an additional 1,014 shares during the period. Brooklyn Investment Group increased its stake in Bank OZK by 1,114.3% in the first quarter. Brooklyn Investment Group now owns 1,105 shares of the company's stock valued at $48,000 after purchasing an additional 1,014 shares during the period. Finally, UMB Bank n.a. increased its stake in Bank OZK by 2,014.3% in the first quarter. UMB Bank n.a. now owns 1,480 shares of the company's stock valued at $64,000 after purchasing an additional 1,410 shares during the period. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

OZK has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price objective on shares of Bank OZK from $48.00 to $49.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Raymond James Financial upgraded shares of Bank OZK from a "market perform" rating to an "outperform" rating and set a $58.00 price objective on the stock in a research note on Tuesday, July 8th. Finally, Stephens upgraded shares of Bank OZK from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $58.00 to $65.00 in a research note on Wednesday, August 20th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $54.25.

Bank OZK Stock Performance

Shares of Bank OZK stock traded down $0.31 on Friday, reaching $52.19. 470,019 shares of the stock were exchanged, compared to its average volume of 730,635. Bank OZK has a 1-year low of $35.71 and a 1-year high of $53.66. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.23. The business has a fifty day moving average price of $50.99 and a two-hundred day moving average price of $46.57. The firm has a market capitalization of $5.94 billion, a PE ratio of 8.47 and a beta of 0.92.

Bank OZK (NASDAQ:OZK - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $1.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.51 by $0.07. Bank OZK had a net margin of 25.83% and a return on equity of 13.24%. The business had revenue of $428.04 million for the quarter, compared to analyst estimates of $423.41 million. During the same period in the previous year, the business posted $1.52 earnings per share. As a group, research analysts anticipate that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Friday, July 11th were issued a dividend of $0.44 per share. This is an increase from Bank OZK's previous quarterly dividend of $0.43. This represents a $1.76 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, July 11th. Bank OZK's payout ratio is presently 28.57%.

Bank OZK Company 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.