Raymond James Financial Services Advisors Inc. raised its holdings in Bank OZK (NASDAQ:OZK – Get Rating) by 4.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,683 shares of the company's stock after purchasing an additional 2,263 shares during the quarter. Raymond James Financial Services Advisors Inc.'s holdings in Bank OZK were worth $2,079,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of OZK. Versor Investments LP increased its stake in shares of Bank OZK by 45.6% in the 1st quarter. Versor Investments LP now owns 6,557 shares of the company's stock valued at $280,000 after buying an additional 2,055 shares during the period. Bank of Nova Scotia increased its stake in shares of Bank OZK by 3.8% in the 1st quarter. Bank of Nova Scotia now owns 96,341 shares of the company's stock valued at $4,114,000 after buying an additional 3,534 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Bank OZK in the 1st quarter valued at $625,000. Raymond James & Associates increased its stake in shares of Bank OZK by 10.1% in the 1st quarter. Raymond James & Associates now owns 510,735 shares of the company's stock valued at $21,808,000 after buying an additional 46,741 shares during the period. Finally, M&T Bank Corp increased its stake in shares of Bank OZK by 3.2% in the 1st quarter. M&T Bank Corp now owns 45,407 shares of the company's stock valued at $1,938,000 after buying an additional 1,426 shares during the period. Institutional investors own 78.68% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on OZK shares. Truist Financial lowered their target price on Bank OZK from $44.00 to $42.00 in a research note on Wednesday, June 15th. Raymond James cut Bank OZK from an "outperform" rating to a "market perform" rating in a research note on Thursday, July 7th. Wells Fargo & Company cut Bank OZK from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $58.00 to $42.00 in a research note on Thursday, July 7th. Piper Sandler decreased their price objective on Bank OZK to $54.00 in a research note on Friday, July 22nd. Finally, Stephens lifted their price objective on Bank OZK to $45.00 in a research note on Tuesday, July 26th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $47.50.

Bank OZK Stock Down 2.9 %

Bank OZK (NASDAQ:OZK – Get Rating) last posted its earnings results on Thursday, July 21st. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.02 by $0.08. Bank OZK had a return on equity of 12.42% and a net margin of 45.73%. The firm had revenue of $292.11 million during the quarter, compared to analysts' expectations of $285.40 million. During the same period in the previous year, the firm earned $1.16 earnings per share. As a group, equities analysts expect that Bank OZK will post 4.49 earnings per share for the current year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 22nd. Shareholders of record on Friday, July 15th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.28%. This is a boost from Bank OZK's previous quarterly dividend of $0.31. The ex-dividend date was Thursday, July 14th. Bank OZK's payout ratio is presently 29.84%.

Bank OZK Company Profile

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Bank OZK provides various retail and commercial banking services. It accepts various deposit products, including non-interest-bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits. The company also offers real estate, consumer and business purpose, indirect recreational vehicle and marine, commercial and industrial, government guaranteed, agricultural, small business, homebuilder, and affordable housing loans; business aviation and subscription financing services; and mortgage and other lending products.

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