Axa S.A. Acquires New Position in Bank OZK (NASDAQ:OZK)

Posted by Defense World Staff on Mar 1st, 2023

Axa S.A. bought a new stake in shares of Bank OZK (NASDAQ:OZK – Get Rating) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 19,100 shares of the company’s stock, valued at approximately $756,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its position in Bank OZK by 74.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,606 shares of the company’s stock valued at $538,000 after buying an additional 5,383 shares in the last quarter. Bank of Montreal Can increased its stake in Bank OZK by 2.1% during the first quarter. Bank of Montreal Can now owns 62,797 shares of the company’s stock valued at $2,738,000 after purchasing an additional 1,308 shares during the last quarter. MetLife Investment Management LLC increased its stake in Bank OZK by 33.5% during the first quarter. MetLife Investment Management LLC now owns 78,203 shares of the company’s stock valued at $3,339,000 after purchasing an additional 19,621 shares during the last quarter. Rhumbline Advisers increased its stake in Bank OZK by 0.4% during the first quarter. Rhumbline Advisers now owns 328,506 shares of the company’s stock valued at $14,027,000 after purchasing an additional 1,212 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Bank OZK by 10.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 44,341 shares of the company’s stock worth $1,893,000 after acquiring an additional 4,262 shares during the last quarter. 76.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Bank OZK from $45.00 to $40.00 and set a “market perform” rating for the company in a report on Wednesday, January 4th. Truist Financial upped their price target on shares of Bank OZK from $45.00 to $50.00 and gave the company a “hold” rating in a report on Monday, January 23rd. UBS Group boosted their price objective on Bank OZK to $48.00 in a report on Wednesday, November 16th. Finally, 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 report on Monday, January 23rd. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Bank OZK currently has an average rating of “Hold” and an average target price of $47.56.

Bank OZK Stock Down 0.2 %

OZK opened at $46.03 on Wednesday. Bank OZK has a 1-year low of $34.79 and a 1-year high of $49.52. The company has a current ratio of 1.00, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $5.77 billion, a price-to-earnings ratio of 10.14 and a beta of 1.41. The business has a 50 day moving average of $43.52 and a 200-day moving average of $42.91.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 24th. Shareholders of record on Tuesday, January 17th were paid a dividend of $0.34 per share. This is a positive change from Bank OZK’s previous quarterly dividend of $0.33. This represents a $1.36 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend was Friday, January 13th. Bank OZK’s dividend payout ratio is currently 29.96%.

Bank OZK Company Profile

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Bank OZK engages in the provision of community banking services. The firm offers deposit services such as checking, savings, money market, time deposit, and individual retirement accounts. It also provides loan services including types of real estate, consumer, commercial, industrial, and agricultural loans.