Bank Ozk (NASDAQ:OZK) Shares Down 6%

Bank Ozk (NASDAQ:OZK)’s share price traded down 6% during trading on Thursday . The company traded as low as $28.51 and last traded at $28.75, 1,021,659 shares traded hands during trading. A decline of 5% from the average session volume of 1,071,576 shares. The stock had previously closed at $30.58.

A number of equities analysts have recently commented on the company. Stephens set a $34.00 price objective on Bank Ozk and gave the stock a “hold” rating in a research report on Thursday, July 11th. Zacks Investment Research downgraded Bank Ozk from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $32.55.

The business’s fifty day moving average is $29.64. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.99 and a quick ratio of 0.96. The firm has a market capitalization of $3.65 billion, a PE ratio of 8.73, a price-to-earnings-growth ratio of 0.76 and a beta of 1.84.

Bank Ozk (NASDAQ:OZK) last announced its quarterly earnings results on Thursday, July 18th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.01). The business had revenue of $251.14 million during the quarter, compared to analyst estimates of $253.45 million. Bank Ozk had a net margin of 32.47% and a return on equity of 10.72%. Equities analysts predict that Bank Ozk will post 3.37 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 12th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.40%. This is an increase from Bank Ozk’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, July 11th. Bank Ozk’s dividend payout ratio is 29.63%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Berman Capital Advisors LLC boosted its holdings in shares of Bank Ozk by 53.8% in the second quarter. Berman Capital Advisors LLC now owns 1,223 shares of the company’s stock valued at $36,000 after acquiring an additional 428 shares during the period. Greenleaf Trust boosted its holdings in shares of Bank Ozk by 4.1% in the second quarter. Greenleaf Trust now owns 12,278 shares of the company’s stock valued at $369,000 after acquiring an additional 478 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Bank Ozk by 1.9% in the second quarter. State of Alaska Department of Revenue now owns 29,813 shares of the company’s stock valued at $896,000 after acquiring an additional 552 shares during the period. Cullen Frost Bankers Inc. boosted its holdings in shares of Bank Ozk by 152.5% in the second quarter. Cullen Frost Bankers Inc. now owns 1,010 shares of the company’s stock valued at $30,000 after acquiring an additional 610 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its holdings in shares of Bank Ozk by 1.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 48,775 shares of the company’s stock valued at $1,468,000 after acquiring an additional 691 shares during the period. 83.80% of the stock is owned by hedge funds and other institutional investors.

About Bank Ozk (NASDAQ:OZK)

Bank OZK provides 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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