Arizona State Retirement System purchased a new stake in Bank Ozk (NASDAQ:OZK) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 85,834 shares of the company’s stock, valued at approximately $3,258,000. Arizona State Retirement System owned about 0.07% of Bank Ozk as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of OZK. Benjamin F. Edwards & Company Inc. bought a new position in Bank Ozk in the third quarter valued at about $120,000. Whittier Trust Co. of Nevada Inc. bought a new position in Bank Ozk in the third quarter valued at about $199,000. Palouse Capital Management Inc. bought a new position in Bank Ozk in the third quarter valued at about $229,000. First Citizens Bank & Trust Co. bought a new position in Bank Ozk in the third quarter valued at about $296,000. Finally, BKD Wealth Advisors LLC bought a new position in Bank Ozk in the third quarter valued at about $304,000. Institutional investors and hedge funds own 86.69% of the company’s stock.
Shares of OZK opened at $26.45 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.09. Bank Ozk has a 1 year low of $24.15 and a 1 year high of $53.70. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 8.94, a P/E/G ratio of 0.70 and a beta of 1.51.
Bank Ozk (NASDAQ:OZK) last issued its earnings results on Thursday, October 18th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.32). Bank Ozk had a return on equity of 11.17% and a net margin of 38.37%. The company had revenue of $244.74 million for the quarter, compared to the consensus estimate of $258.05 million. During the same quarter last year, the business posted $0.75 EPS. As a group, equities analysts predict that Bank Ozk will post 3.28 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 19th. Shareholders of record on Friday, October 12th were issued a dividend of $0.21 per share. The ex-dividend date was Thursday, October 11th. This represents a $0.84 dividend on an annualized basis and a yield of 3.18%. This is a boost from Bank Ozk’s previous quarterly dividend of $0.20. Bank Ozk’s dividend payout ratio (DPR) is 28.38%.
Several equities analysts recently issued reports on OZK shares. Brean Capital reiterated a “buy” rating and issued a $54.00 price target on shares of Bank Ozk in a report on Friday, October 19th. They noted that the move was a valuation call. Wells Fargo & Co set a $40.00 price target on Bank Ozk and gave the company a “hold” rating in a report on Tuesday, October 2nd. Sandler O’Neill cut Bank Ozk from a “buy” rating to a “hold” rating and set a $29.00 price target on the stock. in a report on Friday, October 19th. Zacks Investment Research cut Bank Ozk from a “hold” rating to a “sell” rating in a report on Tuesday, September 11th. Finally, Morgan Stanley decreased their price target on Bank Ozk from $56.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday, September 18th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Bank Ozk currently has a consensus rating of “Hold” and a consensus price target of $32.63.
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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.
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