Teachers Advisors LLC acquired a new position in shares of Bank Ozk (NASDAQ:OZK) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 172,213 shares of the company’s stock, valued at approximately $6,537,000.
A number of other hedge funds have also recently bought and sold shares of OZK. Benjamin F. Edwards & Company Inc. bought a new position in Bank Ozk during the 3rd quarter worth $120,000. Twin Tree Management LP bought a new position in shares of Bank Ozk in the third quarter worth $141,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Bank Ozk in the third quarter worth $199,000. ING Groep NV bought a new position in shares of Bank Ozk in the third quarter worth $223,000. Finally, US Bancorp DE bought a new position in shares of Bank Ozk in the third quarter worth $224,000. Hedge funds and other institutional investors own 86.29% of the company’s stock.
A number of research analysts recently commented on the company. Wells Fargo & Co decreased their price target on Bank Ozk from $40.00 to $33.00 and set a “market perform” rating on the stock in a research report on Monday, October 22nd. Barclays decreased their price target on Bank Ozk from $38.00 to $27.00 and set an “underweight” rating on the stock in a research report on Monday, October 22nd. Stephens restated a “hold” rating and issued a $28.00 price target on shares of Bank Ozk in a research report on Friday, November 9th. Citigroup decreased their price target on Bank Ozk from $59.00 to $31.00 and set a “buy” rating on the stock in a research report on Monday, October 22nd. Finally, TheStreet cut Bank Ozk from a “b-” rating to a “c+” rating in a research report on Friday, October 12th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $32.22.
Bank Ozk (NASDAQ:OZK) last issued its earnings results on Thursday, October 18th. The company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.32). The company had revenue of $244.74 million for the quarter, compared to analysts’ expectations 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 in the prior year, the company earned $0.75 earnings per share. As a group, equities research analysts expect that Bank Ozk will post 3.19 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 22nd. Investors of record on Tuesday, January 15th will be issued a dividend of $0.22 per share. The ex-dividend date is Monday, January 14th. This is a boost from Bank Ozk’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 3.32%. Bank Ozk’s dividend payout ratio is currently 29.73%.
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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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