Northwestern Mutual Wealth Administration Co. lowered its stake in Financial institution OZK (NASDAQ:OZK – Get Score) by 7.4% throughout the first quarter, in keeping with its most up-to-date Kind 13F submitting with the SEC. The agency owned 10,406 shares of the corporate’s inventory after promoting 826 shares throughout the interval. Northwestern Mutual Wealth Administration Co.’s holdings in Financial institution OZK had been price $444,000 as of its most up-to-date submitting with the SEC.
Different hedge funds additionally just lately modified their holdings of the corporate. Versor Investments LP elevated its place in shares of Financial institution OZK by 45.6% within the first quarter. Versor Investments LP now owns 6,557 shares of the corporate’s inventory price $280,000 after buying an extra 2,055 shares throughout the interval. Financial institution of Nova Scotia grew its place in Financial institution OZK by 3.8% within the first quarter. Financial institution of Nova Scotia now owns 96,341 shares of the corporate’s inventory valued at $4,114,000 after buying an extra 3,534 shares over the past quarter. M&T Financial institution Corp raised its stake in Financial institution OZK by 3.2% throughout the first quarter. M&T Financial institution Corp now owns 45,407 shares of the corporate’s inventory price $1,938,000 after buying an extra 1,426 shares within the final quarter. Sowell Monetary Companies LLC lifted its holdings in shares of Financial institution OZK by 29.0% within the fourth quarter. Sowell Monetary Companies LLC now owns 16,795 shares of the corporate’s inventory price $781,000 after buying an extra 3,773 shares over the past quarter. Lastly, WINTON GROUP Ltd boosted its stake in shares of Financial institution OZK by 194.0% within the 4th quarter. WINTON GROUP Ltd now owns 20,630 shares of the corporate’s inventory valued at $960,000 after buying an extra 13,613 shares within the final quarter. Institutional traders personal 80.35% of the corporate’s inventory.
Financial institution OZK Buying and selling Down 1.5 %
Shares of NASDAQ OZK opened at $42.79 on Monday. The corporate has a debt-to-equity ratio of 0.23, a fast ratio of 0.99 and a present ratio of 0.98. Financial institution OZK has a 52-week low of $34.79 and a 52-week excessive of $51.39. The agency has a 50 day shifting common value of $38.87 and a two-hundred day shifting common value of $41.23. The inventory has a market cap of $5.37 billion, a P/E ratio of 9.97 and a beta of 1.47.
Financial institution OZK (NASDAQ:OZK – Get Score) final introduced its quarterly earnings outcomes on Thursday, July twenty first. The corporate reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 interval within the earlier 12 months, the corporate posted $1.16 earnings per share. As a gaggle, equities analysts forecast that Financial institution OZK will publish 4.49 EPS for the present 12 months.
Financial institution OZK Will increase Dividend
The corporate additionally just lately disclosed a quarterly dividend, which was paid on Friday, July twenty second. Stockholders of report on Friday, July fifteenth got a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, July 14th. It is a enhance from Financial institution OZK’s earlier quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of two.99%. Financial institution OZK’s dividend payout ratio is 29.84%.
Analysts Set New Value Targets
A variety of analysis corporations just lately issued stories on OZK. 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. 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. Raymond James downgraded shares of Financial institution OZK from an “outperform” score to a “market carry out” score in a analysis be aware on Thursday, July seventh. 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. Lastly, Wells Fargo & Firm downgraded shares of Financial institution OZK from an “chubby” score to an “equal weight” score and dropped their value goal for the corporate from $58.00 to $42.00 in a analysis be aware on Thursday, July seventh. Six equities analysis analysts have rated the inventory with a maintain score and one has assigned a purchase score to the inventory. In accordance with information from MarketBeat.com, the inventory presently has a median score of “Maintain” and a consensus value goal of $47.50.
Financial institution OZK Firm Profile
Financial institution OZK supplies varied retail and industrial banking companies. 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 gives actual property, client and enterprise function, oblique leisure car 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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