M&G Plc Buys 20,394 Shares of Bank OZK (NASDAQ:OZK)

M&G Plc increased its stake in shares of Bank OZK (NASDAQ:OZK) by 9.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 231,195 shares of the company’s stock after purchasing an additional 20,394 shares during the quarter. M&G Plc’s holdings in Bank OZK were worth $9,941,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. LRI Investments LLC bought a new position in Bank OZK during the first quarter valued at $29,000. PSI Advisors LLC grew its holdings in Bank OZK by 20,933.3% during the 2nd quarter. PSI Advisors LLC now owns 631 shares of the company’s stock valued at $26,000 after purchasing an additional 628 shares during the last quarter. Versant Capital Management Inc raised its position in Bank OZK by 423.0% in the 2nd quarter. Versant Capital Management Inc now owns 978 shares of the company’s stock worth $40,000 after purchasing an additional 791 shares during the period. American National Bank & Trust bought a new stake in Bank OZK in the third quarter worth about $44,000. Finally, Innealta Capital LLC purchased a new position in shares of Bank OZK during the second quarter valued at approximately $46,000. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Bank OZK Stock Down 3.9 %

Shares of Bank OZK stock opened at $47.39 on Friday. Bank OZK has a 1 year low of $36.76 and a 1 year high of $52.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $5.38 billion, a price-to-earnings ratio of 7.79 and a beta of 1.16. The firm’s 50-day moving average is $42.94 and its two-hundred day moving average is $43.12.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 11th were paid a $0.41 dividend. This is an increase from Bank OZK’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, October 11th. This represents a $1.64 dividend on an annualized basis and a yield of 3.46%. Bank OZK’s payout ratio is 26.97%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on OZK shares. StockNews.com upgraded Bank OZK from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Stephens lifted their target price on Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Truist Financial cut their price target on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a report on Monday, October 21st. Morgan Stanley lifted their price objective on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Finally, Piper Sandler upped their target price on shares of Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $48.50.

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.