Natixis bought a new stake in Bank OZK (NASDAQ:OZK – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 19,100 shares of the company’s stock, valued at approximately $868,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Securities Inc. acquired a new position in shares of Bank OZK in the 4th quarter valued at approximately $31,000. Bare Financial Services Inc acquired a new position in Bank OZK during the 4th quarter worth approximately $36,000. SRS Capital Advisors Inc. increased its position in Bank OZK by 303.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 929 shares of the company’s stock worth $46,000 after purchasing an additional 699 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Bank OZK by 601.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,402 shares of the company’s stock worth $69,000 after purchasing an additional 1,202 shares in the last quarter. Finally, MCF Advisors LLC acquired a new position in Bank OZK during the 4th quarter worth approximately $73,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on OZK. Truist Financial upped their price objective on shares of Bank OZK from $41.00 to $49.00 and gave the stock a “hold” rating in a research report on Monday. Wells Fargo & Company reduced their target price on shares of Bank OZK from $39.00 to $35.00 and set an “underweight” rating on the stock in a report on Thursday, June 6th. Citigroup lowered shares of Bank OZK from a “buy” rating to a “sell” rating and reduced their target price for the stock from $57.00 to $37.00 in a report on Wednesday, May 29th. Keefe, Bruyette & Woods upped their price objective on shares of Bank OZK from $45.00 to $47.00 and gave the company a “market perform” rating in a research note on Monday, April 22nd. Finally, StockNews.com raised shares of Bank OZK from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $46.29.
Bank OZK Stock Up 0.8 %
Shares of Bank OZK stock traded up $0.38 during trading hours on Friday, reaching $46.43. The company’s stock had a trading volume of 54,346 shares, compared to its average volume of 1,318,804. Bank OZK has a one year low of $34.76 and a one year high of $52.36. The company has a market capitalization of $5.27 billion, a P/E ratio of 7.71 and a beta of 1.20. The stock’s fifty day simple moving average is $42.11 and its two-hundred day simple moving average is $43.90. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.01 and a current ratio of 1.02.
Bank OZK (NASDAQ:OZK – Get Free Report) last released its quarterly earnings results on Wednesday, July 17th. The company reported $1.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.52. Bank OZK had a net margin of 27.04% and a return on equity of 14.50%. The company had revenue of $416.78 million for the quarter, compared to analyst estimates of $414.39 million. During the same period last year, the firm earned $1.47 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. On average, research analysts forecast that Bank OZK will post 6.05 earnings per share for the current year.
Bank OZK Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 12th were paid a $0.40 dividend. This is an increase from Bank OZK’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, July 12th. This represents a $1.60 annualized dividend and a dividend yield of 3.45%. Bank OZK’s dividend payout ratio (DPR) is presently 26.80%.
About Bank OZK
Bank OZK provides various retail and commercial banking services for individuals and businesses in the United States. The company offers deposit services, including non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time and reciprocal deposits.
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