Bank Ozk (OZK) Short Interest Update

Bank Ozk (NASDAQ:OZK) was the target of a large decline in short interest in January. As of January 31st, there was short interest totalling 8,793,592 shares, a decline of 22.2% from the January 15th total of 11,308,154 shares. Based on an average daily trading volume, of 2,237,260 shares, the short-interest ratio is presently 3.9 days.

A number of analysts recently commented on the company. Zacks Investment Research raised Bank Ozk from a “sell” rating to a “hold” rating and set a $35.00 target price for the company in a research report on Monday, January 21st. Brean Capital reiterated a “buy” rating on shares of Bank Ozk in a research note on Monday. Wells Fargo & Co cut their price target on Bank Ozk from $40.00 to $33.00 and set a “market perform” rating for the company in a research note on Monday, October 22nd. SunTrust Banks lifted their price target on Bank Ozk to $35.00 and gave the company a “hold” rating in a research note on Tuesday, January 22nd. Finally, UBS Group upgraded Bank Ozk from a “sell” rating to a “neutral” rating and cut their price target for the company from $36.00 to $27.00 in a research note on Wednesday, October 24th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. Bank Ozk currently has an average rating of “Hold” and a consensus target price of $31.82.

A number of hedge funds have recently added to or reduced their stakes in the business. Proficio Capital Partners LLC boosted its stake in Bank Ozk by 40.4% during the 4th quarter. Proficio Capital Partners LLC now owns 1,572 shares of the company’s stock valued at $36,000 after purchasing an additional 452 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Bank Ozk by 17.6% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,722 shares of the company’s stock worth $85,000 after buying an additional 557 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Bank Ozk by 1.1% in the 4th quarter. Arizona State Retirement System now owns 86,764 shares of the company’s stock worth $1,981,000 after buying an additional 930 shares during the last quarter. Financial Architects Inc boosted its stake in shares of Bank Ozk by 250.0% in the 4th quarter. Financial Architects Inc now owns 1,400 shares of the company’s stock worth $32,000 after buying an additional 1,000 shares during the last quarter. Finally, Citizens Financial Group Inc RI boosted its stake in shares of Bank Ozk by 1,681.2% in the 4th quarter. Citizens Financial Group Inc RI now owns 1,229 shares of the company’s stock worth $28,000 after buying an additional 1,160 shares during the last quarter. Institutional investors and hedge funds own 86.53% of the company’s stock.

OZK stock opened at $31.66 on Tuesday. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 9.77, a P/E/G ratio of 0.75 and a beta of 1.88. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.96 and a quick ratio of 0.95. Bank Ozk has a 52-week low of $21.02 and a 52-week high of $53.70.

Bank Ozk (NASDAQ:OZK) last released its quarterly earnings results on Thursday, January 17th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.06. The business had revenue of $255.94 million during the quarter, compared to the consensus estimate of $246.08 million. Bank Ozk had a return on equity of 11.45% and a net margin of 34.51%. On average, analysts forecast that Bank Ozk will post 3.46 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 22nd. Shareholders of record on Tuesday, January 15th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, January 14th. This represents a $0.88 dividend on an annualized basis and a yield of 2.78%. This is an increase from Bank Ozk’s previous quarterly dividend of $0.21. Bank Ozk’s payout ratio is 27.16%.

WARNING: “Bank Ozk (OZK) Short Interest Update” was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2019/02/12/bank-ozk-ozk-short-interest-update.html.

About Bank 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.

Featured Story: What is an Initial Public Offering (IPO)?

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.

Leave a Reply