Pendal Group Ltd purchased a new position in shares of Bank Ozk (NASDAQ:OZK) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 46,087 shares of the company’s stock, valued at approximately $1,749,000.
A number of other large investors have also recently added to or reduced their stakes in OZK. TD Asset Management Inc. purchased a new position in shares of Bank Ozk in the 3rd quarter valued at approximately $45,846,000. American Century Companies Inc. purchased a new position in shares of Bank Ozk in the 3rd quarter valued at approximately $42,765,000. Wells Fargo & Company MN purchased a new position in shares of Bank Ozk in the 3rd quarter valued at approximately $35,718,000. Handelsbanken Fonder AB purchased a new position in shares of Bank Ozk in the 3rd quarter valued at approximately $34,354,000. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of Bank Ozk in the 3rd quarter valued at approximately $26,807,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.
OZK opened at $26.45 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $3.48 billion, a PE ratio of 8.75, a price-to-earnings-growth ratio of 0.69 and a beta of 1.51. Bank Ozk has a 12 month low of $24.15 and a 12 month high of $53.70.
Bank Ozk (NASDAQ:OZK) last posted its quarterly earnings results on Thursday, October 18th. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.32). The business had revenue of $244.74 million during the quarter, compared to analyst estimates of $258.05 million. Bank Ozk had a net margin of 38.37% and a return on equity of 11.17%. During the same period in the prior year, the business earned $0.75 earnings per share. As a group, research analysts forecast that Bank Ozk will post 3.28 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 19th. Stockholders of record on Friday, October 12th were issued a $0.21 dividend. This is a boost from Bank Ozk’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend was Thursday, October 11th. Bank Ozk’s dividend payout ratio (DPR) is currently 28.38%.
Several brokerages have weighed in on OZK. Wells Fargo & Co lowered their target price on Bank Ozk from $40.00 to $33.00 and set a “market perform” rating on the stock in a research note on Monday, October 22nd. Barclays lowered their target price on Bank Ozk from $38.00 to $27.00 and set an “underweight” rating on the stock in a research note on Monday, October 22nd. Stephens set a $28.00 target price on Bank Ozk and gave the company a “hold” rating in a research note on Friday. Zacks Investment Research downgraded Bank Ozk from a “hold” rating to a “sell” rating in a research note on Tuesday, September 11th. Finally, ValuEngine cut Bank Ozk from a “sell” rating to a “strong sell” rating in a report on Thursday, September 13th. Three analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Bank Ozk has a consensus rating of “Hold” and a consensus target price of $32.63.
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Bank Ozk Company 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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