1 week Ago By ABMN Staff
Pictet Asset Management Holding SA increased its position in Bank OZK ( NASDAQ:OZK – Free Report ) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,568 shares of the company’s stock after buying an additional 1,100 shares during the period.
Pictet Asset Management Holding SA’s holdings in Bank OZK were worth $782,000 as of its most recent SEC filing. Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp boosted its stake in Bank OZK by 7.
3% in the 3rd quarter. State Street Corp now owns 7,106,907 shares of the company’s stock worth $305,526,000 after buying an additional 485,172 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Bank OZK by 32.
7% in the third quarter. Wellington Management Group LLP now owns 4,223,452 shares of the company’s stock worth $181,566,000 after acquiring an additional 1,041,198 shares during the last quarter. Charles Schwab Investment Management Inc.
grew its holdings in Bank OZK by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc.
now owns 4,130,006 shares of the company’s stock valued at $183,909,000 after purchasing an additional 188,575 shares during the period. American Century Companies Inc. grew its holdings in Bank OZK by 12.
3% in the fourth quarter. American Century Companies Inc. now owns 2,176,997 shares of the company’s stock valued at $96,942,000 after purchasing an additional 238,810 shares during the period.
Finally, Geode Capital Management LLC raised its stake in Bank OZK by 6.7% during the third quarter. Geode Capital Management LLC now owns 2,022,979 shares of the company’s stock worth $86,989,000 after purchasing an additional 126,352 shares during the period.
Hedge funds and other institutional investors own 86.18% of the company’s stock. Bank OZK Stock Up 0.
1 % Shares of NASDAQ:OZK opened at $38.16 on Tuesday. The company has a market capitalization of $4.
33 billion, a price-to-earnings ratio of 6.21 and a beta of 1.05.
The company has a 50 day moving average of $47.02 and a two-hundred day moving average of $46.09.
Bank OZK has a 52-week low of $35.80 and a 52-week high of $53.64.
The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.
16. Bank OZK Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, April 14th will be issued a $0.
43 dividend. The ex-dividend date of this dividend is Monday, April 14th. This represents a $1.
72 dividend on an annualized basis and a yield of 4.51%. This is an increase from Bank OZK’s previous quarterly dividend of $0.
42. Bank OZK’s dividend payout ratio is currently 28.01%.
Analyst Ratings Changes OZK has been the subject of several research reports. Morgan Stanley lowered their price objective on shares of Bank OZK from $58.00 to $54.
00 and set an “equal weight” rating for the company in a research note on Thursday, March 13th. Stephens boosted their price target on Bank OZK from $53.00 to $57.
00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. Wells Fargo & Company raised Bank OZK from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $40.00 to $48.
00 in a research note on Tuesday, January 21st. Finally, UBS Group initiated coverage on shares of Bank OZK in a report on Tuesday, December 17th. They issued a “neutral” rating and a $51.
00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.
com, Bank OZK currently has an average rating of “Hold” and a consensus price target of $50.38. Read Our Latest Analysis on Bank OZK Bank OZK Profile ( 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. Read More Want to see what other hedge funds are holding OZK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank OZK ( NASDAQ:OZK – Free Report ).
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