Oppenheimer & Co. Inc. purchased a new stake in Bank Ozk (NASDAQ:OZK) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 186,619 shares of the company’s stock, valued at approximately $7,084,000. Oppenheimer & Co. Inc. owned approximately 0.15% of Bank Ozk at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in OZK. Whittier Trust Co. of Nevada Inc. bought a new stake in Bank Ozk in the 3rd quarter valued at about $199,000. First Citizens Bank & Trust Co. acquired a new position in Bank Ozk during the 3rd quarter valued at about $296,000. BKD Wealth Advisors LLC acquired a new position in Bank Ozk during the 3rd quarter valued at about $304,000. Raymond James Trust N.A. acquired a new position in Bank Ozk during the 3rd quarter valued at about $382,000. Finally, Osborn Williams & Donohoe LLC acquired a new position in Bank Ozk during the 3rd quarter valued at about $404,000. 86.69% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have commented on OZK. Zacks Investment Research cut shares of Bank Ozk from a “hold” rating to a “sell” rating in a research note on Tuesday, September 11th. Brean Capital reaffirmed a “buy” rating on shares of Bank Ozk in a research note on Monday, October 29th. Barclays lowered their price objective on shares of Bank Ozk from $38.00 to $27.00 and set an “underweight” rating on the stock in a research note on Monday, October 22nd. ValuEngine cut shares of Bank Ozk from a “sell” rating to a “strong sell” rating in a report on Thursday, September 13th. Finally, Stephens reiterated a “hold” rating and issued a $48.00 target price on shares of Bank Ozk in a report on Thursday, October 18th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $32.63.
Bank Ozk (NASDAQ:OZK) last posted its earnings results on Thursday, October 18th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ 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 quarter last year, the firm earned $0.75 earnings per share. Sell-side analysts predict that Bank Ozk will post 3.28 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 19th. Stockholders of record on Friday, October 12th were given a $0.21 dividend. This is a positive change from Bank Ozk’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, October 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.18%. Bank Ozk’s dividend payout ratio (DPR) is currently 28.38%.
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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