Jane Street Group LLC decreased its stake in Bank Ozk (NASDAQ:OZK) by 67.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,389 shares of the company’s stock after selling 17,217 shares during the quarter. Jane Street Group LLC’s holdings in Bank Ozk were worth $252,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the business. Berman Capital Advisors LLC lifted its stake in 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 buying an additional 428 shares during the period. Poehling Capital Management LLC lifted its stake in Bank Ozk by 0.8% in the second quarter. Poehling Capital Management LLC now owns 58,754 shares of the company’s stock valued at $1,768,000 after buying an additional 444 shares during the period. Greenleaf Trust lifted its stake in 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 buying an additional 478 shares during the period. GAM Holding AG lifted its stake in Bank Ozk by 4.4% in the second quarter. GAM Holding AG now owns 12,594 shares of the company’s stock valued at $379,000 after buying an additional 536 shares during the period. Finally, State of Alaska Department of Revenue lifted its stake in 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 buying an additional 552 shares during the period. 83.32% of the stock is currently owned by hedge funds and other institutional investors.
OZK has been the topic of several analyst reports. ValuEngine raised Bank Ozk from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Stephens set a $34.00 target price on Bank Ozk and gave the company a “hold” rating in a research note on Thursday, July 11th. Finally, Morgan Stanley cut their target price on Bank Ozk from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $32.82.
Bank Ozk (NASDAQ:OZK) last released its quarterly earnings results on Thursday, July 18th. The company reported $0.86 EPS for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.01). The business had revenue of $251.14 million for the quarter, compared to analyst estimates of $253.45 million. Bank Ozk had a return on equity of 10.72% and a net margin of 32.47%. Equities analysts anticipate that Bank Ozk will post 3.35 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 11th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.64%. This is a positive change from Bank Ozk’s previous quarterly dividend of $0.24. Bank Ozk’s dividend payout ratio (DPR) is currently 29.63%.
About Bank 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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