Financial institution OZK (NASDAQ:OZK – Get Score) has been given a median score of “Maintain” by the 9 brokerages which are presently masking the inventory, Marketbeat Rankings studies. Six funding analysts have rated the inventory with a maintain suggestion. The common 1 12 months value goal amongst brokers which have coated the inventory within the final 12 months is $47.57.
A number of analysis analysts just lately commented on OZK shares. Raymond James lowered shares of Financial institution OZK from an “outperform” score to a “market carry out” score in a report on Thursday, July seventh. Piper Sandler lowered their value goal on shares of Financial institution OZK to $54.00 in a analysis report on Friday, July twenty second. Wells Fargo & Firm downgraded shares of Financial institution OZK from an “chubby” score to an “equal weight” score and lowered their value goal for the corporate from $58.00 to $42.00 in a analysis report on Thursday, July seventh. Truist Monetary elevated their value goal on shares of Financial institution OZK from $42.00 to $45.00 and gave the corporate a “maintain” score in a analysis report on Wednesday, September 14th. Lastly, UBS Group lowered their value goal on shares of Financial institution OZK from $48.00 to $44.00 and set a “impartial” score for the corporate in a analysis report on Friday, July twenty ninth.
Financial institution OZK Value Efficiency
NASDAQ:OZK opened at $42.26 on Tuesday. The agency has a market cap of $5.30 billion, a price-to-earnings ratio of 9.85 and a beta of 1.44. The corporate has a present ratio of 0.98, a fast ratio of 0.98 and a debt-to-equity ratio of 0.23. The corporate’s 50-day transferring common is $40.55 and its two-hundred day transferring common is $40.36. Financial institution OZK has a 12-month low of $34.79 and a 12-month excessive of $51.39.
Financial institution OZK (NASDAQ:OZK – Get Score) final launched its earnings outcomes on Thursday, July twenty first. The corporate reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.08. The corporate had income of $292.11 million for the quarter, in comparison with analyst estimates of $285.40 million. Financial institution OZK had a web margin of 45.73% and a return on fairness of 12.42%. Throughout the identical interval within the prior 12 months, the agency earned $1.16 EPS. Analysis analysts count on that Financial institution OZK will publish 4.49 EPS for the present 12 months.
Financial institution OZK Will increase Dividend
The agency additionally just lately disclosed a quarterly dividend, which was paid on Friday, July twenty second. Shareholders of report on Friday, July fifteenth have been issued a $0.32 dividend. This represents a $1.28 dividend on an annualized foundation and a yield of three.03%. The ex-dividend date was Thursday, July 14th. This is a rise from Financial institution OZK’s earlier quarterly dividend of $0.31. Financial institution OZK’s payout ratio is at the moment 29.84%.
Hedge Funds Weigh In On Financial institution OZK
Quite a few hedge funds have just lately added to or diminished their stakes in OZK. State Avenue Corp raised its stake in shares of Financial institution OZK by 14.4% throughout the second quarter. State Avenue Corp now owns 12,251,944 shares of the corporate’s inventory valued at $459,815,000 after buying a further 1,539,531 shares within the final quarter. Millennium Administration LLC grew its holdings in Financial institution OZK by 168.3% throughout the second quarter. Millennium Administration LLC now owns 641,095 shares of the corporate’s inventory value $24,060,000 after buying a further 402,167 shares throughout the interval. AQR Capital Administration LLC grew its holdings in Financial institution OZK by 75.5% throughout the second quarter. AQR Capital Administration LLC now owns 548,600 shares of the corporate’s inventory value $20,040,000 after buying a further 236,021 shares throughout the interval. Renaissance Applied sciences LLC grew its holdings in Financial institution OZK by 58.8% throughout the second quarter. Renaissance Applied sciences LLC now owns 540,397 shares of the corporate’s inventory value $20,281,000 after buying a further 200,000 shares throughout the interval. Lastly, D. E. Shaw & Co. Inc. grew its holdings in Financial institution OZK by 84.1% throughout the fourth quarter. D. E. Shaw & Co. Inc. now owns 376,588 shares of the corporate’s inventory value $17,523,000 after buying a further 172,005 shares throughout the interval. Institutional traders and hedge funds personal 78.68% of the corporate’s inventory.
About Financial institution OZK
Financial institution OZK offers numerous retail and industrial banking companies. It accepts numerous 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 affords actual property, shopper and enterprise goal, oblique leisure automobile and marine, industrial and industrial, authorities assured, agricultural, small enterprise, homebuilder, and inexpensive housing loans; enterprise aviation and subscription financing companies; and mortgage and different lending merchandise.
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