Victory Capital Administration Inc. boosted its stake in shares of Financial institution OZK (NASDAQ:OZK – Get Score) by 65.8% in the course of the 1st quarter, in keeping with the corporate in its most up-to-date submitting with the Securities and Change Fee (SEC). The agency owned 28,854 shares of the corporate’s inventory after buying a further 11,455 shares in the course of the quarter. Victory Capital Administration Inc.’s holdings in Financial institution OZK had been price $1,109,000 as of its most up-to-date SEC submitting.
A number of different massive buyers additionally just lately purchased and offered shares of OZK. First Belief Advisors LP elevated its holdings in Financial institution OZK by 74.3% in the course of the 4th quarter. First Belief Advisors LP now owns 516,749 shares of the corporate’s inventory price $24,044,000 after buying a further 220,310 shares in the course of the interval. D. E. Shaw & Co. Inc. elevated its holdings in Financial institution OZK by 84.1% in the course of the 4th quarter. D. E. Shaw & Co. Inc. now owns 376,588 shares of the corporate’s inventory price $17,523,000 after buying a further 172,005 shares in the course of the interval. Schroder Funding Administration Group boosted its place in shares of Financial institution OZK by 37.9% in the course of the 4th quarter. Schroder Funding Administration Group now owns 438,509 shares of the corporate’s inventory price $20,404,000 after buying a further 120,575 shares within the final quarter. Kovitz Funding Group Companions LLC acquired a brand new place in shares of Financial institution OZK in the course of the 1st quarter price about $5,121,000. Lastly, Charles Schwab Funding Administration Inc. boosted its place in shares of Financial institution OZK by 3.5% in the course of the 4th quarter. Charles Schwab Funding Administration Inc. now owns 2,409,544 shares of the corporate’s inventory price $112,116,000 after buying a further 80,551 shares within the final quarter. Hedge funds and different institutional buyers personal 80.35% of the corporate’s inventory.
Financial institution OZK Inventory Up 0.2 %
Shares of NASDAQ OZK opened at $43.11 on Tuesday. The inventory has a market cap of $5.41 billion, a PE ratio of 10.05 and a beta of 1.47. The corporate has a fast ratio of 0.99, a present ratio of 0.98 and a debt-to-equity ratio of 0.23. Financial institution OZK has a 52-week low of $34.79 and a 52-week excessive of $51.39. The enterprise has a 50-day transferring common value of $38.60 and a 200 day transferring common value of $41.35.
Financial institution OZK (NASDAQ:OZK – Get Score) final introduced 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 $1.03 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 within the earlier 12 months, the agency posted $1.16 earnings per share. Equities analysis analysts forecast that Financial institution OZK will publish 4.45 earnings per share for the present 12 months.
Financial institution OZK Will increase Dividend
The enterprise additionally just lately disclosed a quarterly dividend, which was paid on Friday, July twenty second. Shareholders of file on Friday, July fifteenth had been paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, July 14th. This is a rise from Financial institution OZK’s earlier quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of two.97%. Financial institution OZK’s dividend payout ratio is presently 29.84%.
Wall Avenue Analyst Weigh In
OZK has been the topic of a number of analyst stories. Raymond James minimize Financial institution OZK from an “outperform” ranking to a “market carry out” ranking in a analysis report on Thursday, July seventh. Truist Monetary lowered their value goal on Financial institution OZK from $44.00 to $42.00 in a analysis report on Wednesday, June fifteenth. Stephens upped their value goal on Financial institution OZK to $45.00 in a analysis report on Tuesday, July twenty sixth. Wells Fargo & Firm minimize Financial institution OZK from an “obese” 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 lowered their value goal on Financial institution OZK from $48.00 to $44.00 and set a “impartial” ranking for the corporate in a analysis report on Friday, July twenty ninth. Six analysis analysts have rated the inventory with a maintain ranking and one has given a purchase ranking to the corporate’s inventory. In accordance with information from MarketBeat.com, the inventory has a consensus ranking of “Maintain” and a median goal value of $47.50.
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 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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