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%.
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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.
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