California Public Staff Retirement System decreased its place in Financial institution OZK (NASDAQ:OZK – Get Score) by 3.9% within the first quarter, in response to the corporate in its most up-to-date submitting with the Securities and Change Fee (SEC). The fund owned 271,244 shares of the corporate’s inventory after promoting 10,978 shares in the course of the interval. California Public Staff Retirement System owned roughly 0.22% of Financial institution OZK price $11,582,000 on the finish of the latest quarter.
Quite a few different institutional traders and hedge funds additionally just lately added to or decreased their stakes in OZK. Versor Investments LP lifted its place in shares of Financial institution OZK by 45.6% in the course of the first quarter. Versor Investments LP now owns 6,557 shares of the corporate’s inventory price $280,000 after buying a further 2,055 shares over the last quarter. Sowell Monetary Providers LLC lifted its place in shares of Financial institution OZK by 29.0% in the course of the fourth quarter. Sowell Monetary Providers LLC now owns 16,795 shares of the corporate’s inventory price $781,000 after buying a further 3,773 shares over the last quarter. WINTON GROUP Ltd lifted its place in shares of Financial institution OZK by 194.0% in the course of the fourth quarter. WINTON GROUP Ltd now owns 20,630 shares of the corporate’s inventory price $960,000 after buying a further 13,613 shares over the last quarter. Kovitz Funding Group Companions LLC purchased a brand new place in shares of Financial institution OZK in the course of the first quarter price about $5,121,000. Lastly, Jackson Creek Funding Advisors LLC lifted its place in shares of Financial institution OZK by 27.5% in the course of the first quarter. Jackson Creek Funding Advisors LLC now owns 11,094 shares of the corporate’s inventory price $474,000 after buying a further 2,395 shares over the last quarter. 80.35% of the inventory is owned by hedge funds and different institutional traders.
Wall Avenue Analyst Weigh In
A number of equities analysts have just lately commented on the inventory. UBS Group dropped their value goal on shares of Financial institution OZK from $48.00 to $44.00 and set a “impartial” score on the inventory in a analysis be aware on Friday, July twenty ninth. Truist Monetary dropped their value goal on shares of Financial institution OZK from $44.00 to $42.00 in a analysis be aware on Wednesday, June fifteenth. Citigroup dropped their value goal on shares of Financial institution OZK from $50.00 to $45.00 in a analysis be aware on Wednesday, April twenty seventh. Stephens elevated their value goal on shares of Financial institution OZK to $45.00 in a analysis be aware on Tuesday, July twenty sixth. Lastly, Raymond James lowered shares of Financial institution OZK from an “outperform” score to a “market carry out” score in a analysis be aware on Thursday, July seventh. Six analysis analysts have rated the inventory with a maintain score and one has issued a purchase score to the inventory. Based mostly on information from MarketBeat.com, the inventory presently has a consensus score of “Maintain” and a median value goal of $47.50.
Financial institution OZK Value Efficiency
Shares of NASDAQ:OZK opened at $40.52 on Friday. Financial institution OZK has a 52 week low of $34.79 and a 52 week excessive of $51.39. The corporate has a present ratio of 0.98, a fast ratio of 0.99 and a debt-to-equity ratio of 0.23. The agency has a market capitalization of $5.08 billion, a P/E ratio of 9.45 and a beta of 1.47. The agency’s 50 day transferring common is $38.53 and its two-hundred day transferring common is $41.68.
Financial institution OZK (NASDAQ:OZK – Get Score) final posted its quarterly earnings information on Thursday, July twenty first. The corporate reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. Financial institution OZK had a internet margin of 45.73% and a return on fairness of 12.42%. Throughout the identical quarter final 12 months, the agency earned $1.16 EPS. Analysts anticipate that Financial institution OZK will publish 4.45 earnings per share for the present 12 months.
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 had been issued a dividend of $0.32 per share. This can be a constructive change from Financial institution OZK’s earlier quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized foundation and a yield of three.16%. The ex-dividend date was Thursday, July 14th. Financial institution OZK’s payout ratio is presently 29.84%.
About Financial institution OZK
Financial institution OZK gives 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, client and enterprise goal, oblique leisure car 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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