Bank Ozk (NASDAQ:OZK) shares gapped up prior to trading on Monday . The stock had previously closed at $23.45, but opened at $27.60. Bank Ozk shares last traded at $32.06, with a volume of 5415400 shares.
OZK has been the topic of several recent analyst reports. Piper Jaffray Companies downgraded shares of Bank Ozk from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $52.00 to $31.00 in a research note on Tuesday, December 4th. Barclays raised their price target on shares of Bank Ozk from $28.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday. Raymond James downgraded shares of Bank Ozk from an “outperform” rating to a “market perform” rating in a research note on Friday, October 19th. Brean Capital reaffirmed a “buy” rating and issued a $54.00 price target on shares of Bank Ozk in a research note on Friday, October 19th. They noted that the move was a valuation call. Finally, Morgan Stanley downgraded shares of Bank Ozk from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $52.00 to $32.00 in a research note on Monday, October 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. Bank Ozk presently has an average rating of “Hold” and an average price target of $31.50.
The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.95 and a current ratio of 0.96. The firm has a market capitalization of $4.11 billion, a PE ratio of 9.76, a PEG ratio of 0.79 and a beta of 1.49.
Bank Ozk (NASDAQ:OZK) last issued its earnings results on Thursday, January 17th. The company reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.06. Bank Ozk had a net margin of 34.51% and a return on equity of 11.45%. The company had revenue of $255.94 million for the quarter, compared to analysts’ expectations of $246.08 million. On average, equities analysts expect that Bank Ozk will post 3.37 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 22nd. Shareholders of record on Tuesday, January 15th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.78%. This is a boost from Bank Ozk’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, January 14th. Bank Ozk’s dividend payout ratio is presently 27.16%.
Institutional investors have recently modified their holdings of the business. Bank of Montreal Can boosted its stake in Bank Ozk by 24.6% in the 4th quarter. Bank of Montreal Can now owns 14,278 shares of the company’s stock worth $326,000 after purchasing an additional 2,820 shares in the last quarter. Delta Investment Management LLC acquired a new stake in Bank Ozk in the 4th quarter worth approximately $588,000. Nisa Investment Advisors LLC boosted its stake in Bank Ozk by 12.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 48,900 shares of the company’s stock worth $1,116,000 after purchasing an additional 5,400 shares in the last quarter. Virtu Financial LLC acquired a new stake in Bank Ozk in the 4th quarter worth approximately $238,000. Finally, First Citizens Bank & Trust Co. boosted its stake in Bank Ozk by 51.6% in the 4th quarter. First Citizens Bank & Trust Co. now owns 11,827 shares of the company’s stock worth $270,000 after purchasing an additional 4,026 shares in the last quarter. Institutional investors own 88.06% of the company’s stock.
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Bank Ozk Company Profile (NASDAQ:OZK)
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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