Amundi Boosts Holdings in Bank OZK $OZK

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

Several other large investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its holdings in Bank OZK by 5.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,350,220 shares of the company's stock valued at $189,017,000 after acquiring an additional 220,214 shares in the last quarter. American Century Companies Inc. boosted its holdings in Bank OZK by 10.5% in the first quarter. American Century Companies Inc. now owns 2,405,292 shares of the company's stock valued at $104,510,000 after acquiring an additional 228,295 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Bank OZK by 2.1% in the first quarter. Bank of New York Mellon Corp now owns 1,127,576 shares of the company's stock valued at $48,993,000 after acquiring an additional 23,492 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Bank OZK by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 753,854 shares of the company's stock valued at $33,569,000 after acquiring an additional 48,789 shares in the last quarter. Finally, Newport Trust Company LLC boosted its holdings in Bank OZK by 0.6% in the first quarter. Newport Trust Company LLC now owns 656,987 shares of the company's stock valued at $28,546,000 after acquiring an additional 4,146 shares in the last quarter. Institutional investors own 86.18% of the company's stock.

Bank OZK Stock Up 0.5%

Shares of OZK stock traded up $0.26 during mid-day trading on Wednesday, reaching $52.25. 909,090 shares of the company's stock traded hands, compared to its average volume of 734,627. The company's 50-day moving average price is $50.94 and its 200-day moving average price is $46.51. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. The company has a market cap of $5.94 billion, a P/E ratio of 8.48 and a beta of 0.92. Bank OZK has a 12 month low of $35.71 and a 12 month high of $53.66.

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

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Friday, July 11th were given a $0.44 dividend. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.76 annualized dividend and a dividend yield of 3.4%. This is a boost from Bank OZK's previous quarterly dividend of $0.43. Bank OZK's payout ratio is presently 28.57%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Bank OZK from $48.00 to $49.00 and gave the company an "equal weight" rating in a report 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 target on the stock in a report on Tuesday, July 8th. Finally, Stephens upgraded shares of Bank OZK from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $58.00 to $65.00 in a report on Wednesday, August 20th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $54.25.

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.