Advisor Group Holdings Inc. grew its holdings in Financial institution OZK (NASDAQ:OZK – Get Score) by 1.5% within the first quarter, in line with the corporate in its most up-to-date 13F submitting with the SEC. The institutional investor owned 31,967 shares of the corporate’s inventory after shopping for a further 476 shares in the course of the quarter. Advisor Group Holdings Inc.’s holdings in Financial institution OZK had been value $1,373,000 as of its most up-to-date submitting with the SEC.
Various different hedge funds additionally just lately made modifications to their positions in OZK. Northwestern Mutual Wealth Administration Co. grew its holdings in shares of Financial institution OZK by 10.8% within the 4th quarter. Northwestern Mutual Wealth Administration Co. now owns 11,232 shares of the corporate’s inventory value $523,000 after buying a further 1,099 shares over the past quarter. Cambridge Funding Analysis Advisors Inc. acquired a brand new stake in Financial institution OZK in the course of the 4th quarter valued at $336,000. Toronto Dominion Financial institution lifted its holdings in shares of Financial institution OZK by 1,597.3% in the course of the fourth quarter. Toronto Dominion Financial institution now owns 43,535 shares of the corporate’s inventory value $2,026,000 after shopping for a further 40,970 shares within the final quarter. Envestnet Asset Administration Inc. raised its stake in Financial institution OZK by 5.4% within the fourth quarter. Envestnet Asset Administration Inc. now owns 195,985 shares of the corporate’s inventory valued at $9,119,000 after buying a further 10,117 shares within the final quarter. Lastly, Benjamin F. Edwards & Firm Inc. purchased a brand new place in Financial institution OZK within the fourth quarter valued at about $1,728,000. Institutional buyers and hedge funds personal 80.35% of the corporate’s inventory.
Financial institution OZK Inventory Down 1.5 %
OZK inventory opened at $42.79 on Friday. The corporate has a debt-to-equity ratio of 0.23, a present ratio of 0.98 and a fast ratio of 0.99. Financial institution OZK has a 1-year low of $34.79 and a 1-year excessive of $51.39. The inventory has a market capitalization of $5.37 billion, a P/E ratio of 9.97 and a beta of 1.47. The enterprise has a fifty day shifting common value of $38.87 and a 200-day shifting common value of $41.32.
Financial institution OZK (NASDAQ:OZK – Get Score) final issued its quarterly earnings information on Thursday, July twenty first. The corporate reported $1.10 EPS for the quarter, topping the consensus estimate of $1.03 by $0.07. Financial institution OZK had a return on fairness of 12.42% and a internet margin of 45.73%. Throughout the identical interval final yr, the corporate earned $1.16 earnings per share. Equities analysts forecast that Financial institution OZK will put up 4.49 earnings per share for the present fiscal yr.
Financial institution OZK Will increase Dividend
The corporate additionally just lately introduced a quarterly dividend, which was paid on Friday, July twenty second. Buyers of document on Friday, July fifteenth got a $0.32 dividend. This is a rise from Financial institution OZK’s earlier quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized foundation and a dividend yield of two.99%. The ex-dividend date was Thursday, July 14th. Financial institution OZK’s payout ratio is at the moment 29.84%.
Analyst Scores Modifications
OZK has been the subject of a number of analyst studies. Truist Monetary lowered their goal value on Financial institution OZK from $44.00 to $42.00 in a report on Wednesday, June fifteenth. Raymond James downgraded Financial institution OZK from an “outperform” ranking to a “market carry out” ranking in a analysis notice on Thursday, July seventh. Piper Sandler dropped their value goal on Financial institution OZK to $54.00 in a report on Friday, July twenty second. Wells Fargo & Firm lowered Financial institution OZK from an “chubby” ranking to an “equal weight” ranking and lowered their value goal for the inventory from $58.00 to $42.00 in a analysis report on Thursday, July seventh. Lastly, UBS Group minimize their value goal on Financial institution OZK from $48.00 to $44.00 and set a “impartial” ranking on the inventory in a analysis report on Friday, July twenty ninth. Six analysts have rated the inventory with a maintain ranking and one has issued a purchase ranking to the inventory. In keeping with MarketBeat, Financial institution OZK has a mean ranking of “Maintain” and a consensus value goal of $47.50.
About Financial institution OZK
Financial institution OZK supplies varied retail and industrial banking providers. It accepts varied deposit merchandise, together with non-interest-bearing checking, curiosity bearing transaction, enterprise sweep, financial savings, cash market, particular person retirement, and different accounts, in addition to time deposits. The corporate additionally presents actual property, shopper and enterprise objective, oblique leisure automobile and marine, industrial and industrial, authorities assured, agricultural, small enterprise, homebuilder, and inexpensive housing loans; enterprise aviation and subscription financing providers; and mortgage and different lending merchandise.
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