Shell Asset Administration Co. decreased its holdings in Financial institution OZK (NASDAQ:OZK – Get Ranking) by 12.9% throughout the first quarter, in response to the corporate in its most up-to-date disclosure with the Securities and Trade Fee. The fund owned 4,148 shares of the corporate’s inventory after promoting 615 shares throughout the quarter. Shell Asset Administration Co.’s holdings in Financial institution OZK had been value $177,000 on the finish of the latest reporting interval.
Various different institutional buyers and hedge funds additionally not too long ago made modifications to their positions within the enterprise. Versor Investments LP boosted its holdings 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 value $280,000 after shopping for an extra 2,055 shares over the last quarter. Jackson Creek Funding Advisors LLC raised its stake in Financial institution OZK by 27.5% throughout the 1st quarter. Jackson Creek Funding Advisors LLC now owns 11,094 shares of the corporate’s inventory value $474,000 after buying an extra 2,395 shares throughout the interval. Mutual of America Capital Administration LLC raised its stake in Financial institution OZK by 2.0% throughout the 1st quarter. Mutual of America Capital Administration LLC now owns 110,330 shares of the corporate’s inventory value $4,711,000 after buying an extra 2,202 shares throughout the interval. Private CFO Options LLC raised its stake in Financial institution OZK by 4.5% throughout the 1st quarter. Private CFO Options LLC now owns 8,795 shares of the corporate’s inventory value $376,000 after buying an extra 381 shares throughout the interval. Lastly, SG Americas Securities LLC raised its stake in Financial institution OZK by 341.4% throughout the 1st quarter. SG Americas Securities LLC now owns 55,894 shares of the corporate’s inventory value $2,387,000 after buying an extra 43,230 shares throughout the interval. Hedge funds and different institutional buyers personal 80.35% of the corporate’s inventory.
Financial institution OZK Buying and selling Up 1.7 %
OZK inventory opened at $40.52 on Monday. The agency has a fifty day shifting common worth of $38.53 and a 200 day shifting common worth of $41.59. Financial institution OZK has a fifty-two week low of $34.79 and a fifty-two week excessive of $51.39. The corporate has a debt-to-equity ratio of 0.23, a fast ratio of 0.99 and a present ratio of 0.98. The agency has a market cap of $5.08 billion, a PE ratio of 9.45 and a beta of 1.47.
Financial institution OZK (NASDAQ:OZK – Get Ranking) final posted its earnings outcomes on Thursday, July twenty first. The corporate reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. Financial institution OZK had a web margin of 45.73% and a return on fairness of 12.42%. Throughout the identical interval final 12 months, the agency earned $1.16 earnings per share. Promote-side analysts anticipate that Financial institution OZK will put up 4.45 earnings per share for the present fiscal 12 months.
Financial institution OZK Will increase Dividend
The agency additionally not too long ago introduced a quarterly dividend, which was paid on Friday, July twenty second. Buyers of file on Friday, July fifteenth had been issued a $0.32 dividend. The ex-dividend date was Thursday, July 14th. 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 dividend yield of three.16%. Financial institution OZK’s dividend payout ratio (DPR) is 29.84%.
Analyst Scores Adjustments
Various equities analysis analysts have commented on the inventory. Piper Sandler decreased their goal worth on shares of Financial institution OZK to $54.00 in a analysis be aware on Friday, July twenty second. UBS Group decreased their goal worth on shares of Financial institution OZK from $48.00 to $44.00 and set a “impartial” ranking on the inventory in a analysis be aware on Friday, July twenty ninth. Raymond James minimize shares of Financial institution OZK from an “outperform” ranking to a “market carry out” ranking in a analysis be aware on Thursday, July seventh. Truist Monetary lowered their worth goal on shares of Financial institution OZK from $44.00 to $42.00 in a analysis report on Wednesday, June fifteenth. Lastly, Stephens lifted their worth goal on shares of Financial institution OZK to $45.00 in a analysis report on Tuesday, July twenty sixth. Six equities analysis analysts have rated the inventory with a maintain ranking and one has issued a purchase ranking to the inventory. Based mostly on knowledge from MarketBeat.com, Financial institution OZK presently has a median ranking of “Maintain” and a median worth goal of $47.50.
About Financial institution OZK
Financial institution OZK supplies 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 gives actual property, shopper and enterprise function, oblique leisure car and marine, industrial and industrial, authorities assured, agricultural, small enterprise, homebuilder, and reasonably priced housing loans; enterprise aviation and subscription financing companies; and mortgage and different lending merchandise.
Obtain Information & Scores for Financial institution OZK Day by day – Enter your electronic mail deal with under to obtain a concise day by day abstract of the most recent information and analysts’ scores for Financial institution OZK and associated corporations with MarketBeat.com’s FREE day by day electronic mail publication.