Louisiana State Employees Retirement System bought a new position in shares of Bank Ozk (NASDAQ:OZK) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 33,100 shares of the company’s stock, valued at approximately $1,256,000.

Several other large investors also recently bought and sold shares of the business. BKD Wealth Advisors LLC purchased a new stake in shares of Bank Ozk during the third quarter worth $304,000. Raymond James Trust N.A. purchased a new stake in shares of Bank Ozk during the third quarter worth $382,000. Bank of Montreal Can purchased a new stake in shares of Bank Ozk during the third quarter worth $434,000. State of Alaska Department of Revenue purchased a new stake in shares of Bank Ozk during the third quarter worth $479,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Bank Ozk during the second quarter worth $1,932,000. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Shares of OZK stock opened at $36.43 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.10. Bank Ozk has a 52-week low of $34.62 and a 52-week high of $53.70. The firm has a market capitalization of $4.87 billion, a P/E ratio of 12.31, a price-to-earnings-growth ratio of 0.87 and a beta of 1.20.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 19th. Investors of record on Friday, October 12th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Thursday, October 11th. This is an increase from Bank Ozk’s previous quarterly dividend of $0.20. Bank Ozk’s dividend payout ratio (DPR) is 28.38%.

A number of equities research analysts recently issued reports on OZK shares. Zacks Investment Research downgraded Bank Ozk from a “hold” rating to a “sell” rating in a research report on Friday, October 5th. ValuEngine downgraded Bank Ozk from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 28th. Morgan Stanley lowered their price objective on Bank Ozk from $56.00 to $52.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 18th. Brean Capital reiterated a “buy” rating on shares of Bank Ozk in a research report on Monday, August 27th. Finally, Wells Fargo & Co set a $40.00 price objective on Bank Ozk and gave the stock a “hold” rating in a research report on Tuesday, October 2nd. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Bank Ozk has a consensus rating of “Hold” and an average target price of $48.50.

Bank Ozk Profile

Bank OZK provides a range of retail and commercial banking services to businesses, individuals, and non-profit and governmental entities. The company accepts non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits.

Further Reading: What are the benefits of buying treasury bonds?

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).

Institutional Ownership by Quarter for Bank Ozk (NASDAQ:OZK)

Receive News & Ratings for Bank Ozk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank Ozk and related companies with MarketBeat.com's FREE daily email newsletter.