B. Metzler seel. Sohn & Co. Holding AG Invests $3.69 Million in Bank OZK (NASDAQ:OZK)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Bank OZK (NASDAQ:OZK) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 85,865 shares of the company’s stock, valued at approximately $3,691,000. B. Metzler seel. Sohn & Co. Holding AG owned approximately 0.08% of Bank OZK at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PSI Advisors LLC raised its stake in Bank OZK by 20,933.3% in the second quarter. PSI Advisors LLC now owns 631 shares of the company’s stock valued at $26,000 after buying an additional 628 shares during the last quarter. LRI Investments LLC purchased a new position in shares of Bank OZK in the 1st quarter valued at approximately $29,000. Versant Capital Management Inc boosted its stake 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 in the last quarter. Assetmark Inc. increased its stake in Bank OZK by 73.8% during the 3rd quarter. Assetmark Inc. now owns 968 shares of the company’s stock valued at $42,000 after purchasing an additional 411 shares in the last quarter. Finally, American National Bank & Trust purchased a new position in shares of Bank OZK in the third quarter worth $44,000. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Bank OZK Price Performance

Shares of NASDAQ OZK opened at $47.69 on Thursday. 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 firm’s 50 day simple moving average is $43.97 and its 200-day simple moving average is $43.19. Bank OZK has a 12 month low of $37.43 and a 12 month high of $52.36. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 7.83 and a beta of 1.16.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings data on Thursday, October 17th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%. The company had revenue of $423.00 million during the quarter, compared to analysts’ expectations of $419.08 million. Analysts expect that Bank OZK will post 6.03 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 11th were given a dividend of $0.41 per share. The ex-dividend date was Friday, October 11th. This represents a $1.64 dividend on an annualized basis and a yield of 3.44%. This is an increase from Bank OZK’s previous quarterly dividend of $0.40. Bank OZK’s dividend payout ratio is currently 26.97%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Morgan Stanley upped their target price on Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Raymond James lowered Bank OZK from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 17th. Piper Sandler lifted their target price on Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. 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. Finally, Stephens 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 research note on Monday, October 21st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Bank OZK currently has an average rating of “Hold” and an average price target of $48.50.

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.