Impact Partnership Wealth LLC Boosts Stake in Bank OZK (NASDAQ:OZK)

Impact Partnership Wealth LLC raised its stake in shares of Bank OZK (NASDAQ:OZK) by 31.3% during the third quarter, HoldingsChannel reports. The firm owned 6,575 shares of the company’s stock after buying an additional 1,567 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Bank OZK were worth $283,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. PSI Advisors LLC raised its position in Bank OZK by 20,933.3% during the second 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 period. LRI Investments LLC bought a new position in shares of Bank OZK during the first quarter valued at approximately $29,000. Versant Capital Management Inc boosted its position in Bank OZK by 423.0% during the 2nd quarter. Versant Capital Management Inc now owns 978 shares of the company’s stock valued at $40,000 after acquiring an additional 791 shares in the last quarter. American National Bank & Trust bought a new stake in Bank OZK during the 3rd quarter valued at $44,000. Finally, Innealta Capital LLC bought a new stake in Bank OZK during the 2nd quarter valued at $46,000. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Bank OZK Price Performance

Shares of OZK opened at $44.39 on Friday. The business’s 50-day moving average is $42.45 and its two-hundred day moving average is $43.01. The company has a market capitalization of $5.04 billion, a P/E ratio of 7.30 and a beta of 1.17. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.02. Bank OZK has a fifty-two week low of $34.76 and a fifty-two week high of $52.36.

Bank OZK Increases Dividend

The business 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. This is an increase from Bank OZK’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend was Friday, October 11th. Bank OZK’s dividend payout ratio (DPR) is currently 26.97%.

Analyst Ratings Changes

OZK has been the subject of several analyst reports. Morgan Stanley increased their price objective on Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Piper Sandler raised their target price on Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Raymond James lowered Bank OZK from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. StockNews.com upgraded Bank OZK from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. Finally, Truist Financial reduced their target price on Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $48.50.

About Bank OZK

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.