A number of other research firms have also weighed in on OZK. Brean Capital reaffirmed a buy rating and issued a $54.00 price objective on shares of Bank Ozk in a research note on Friday, October 19th. They noted that the move was a valuation call. Wells Fargo & Co set a $40.00 price objective on Bank Ozk and gave the stock a hold rating in a research note on Tuesday, October 2nd. Sandler O’Neill lowered Bank Ozk from a buy rating to a hold rating and set a $29.00 price objective for the company. in a research note on Friday, October 19th. Zacks Investment Research lowered Bank Ozk from a hold rating to a sell rating in a research note on Tuesday, September 11th. Finally, Morgan Stanley dropped their price objective on Bank Ozk from $56.00 to $52.00 and set an overweight rating for the company in a research note on Tuesday, September 18th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $32.63.
OZK traded down $0.67 during midday trading on Friday, reaching $26.45. The company had a trading volume of 1,549,934 shares, compared to its average volume of 3,578,675. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.09. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 8.94, a PEG ratio of 0.69 and a beta of 1.51. Bank Ozk has a 1 year low of $24.15 and a 1 year high of $53.70.
Bank Ozk (NASDAQ:OZK) last issued its quarterly earnings results on Thursday, October 18th. The company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.32). The company had revenue of $244.74 million during the quarter, compared to analysts’ expectations of $258.05 million. Bank Ozk had a return on equity of 11.17% and a net margin of 38.37%. During the same quarter in the previous year, the company earned $0.75 EPS. On average, equities analysts anticipate that Bank Ozk will post 3.28 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 19th. Stockholders of record on Friday, October 12th were paid a $0.21 dividend. This is a positive change from Bank Ozk’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, October 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.18%. Bank Ozk’s dividend payout ratio is 28.38%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Edge Wealth Management LLC bought a new position in Bank Ozk during the third quarter valued at approximately $753,000. Xact Kapitalforvaltning AB bought a new position in Bank Ozk during the third quarter valued at approximately $658,000. Tdam USA Inc. bought a new position in Bank Ozk during the third quarter valued at approximately $7,634,000. Handelsinvest Investeringsforvaltning bought a new position in Bank Ozk during the third quarter valued at approximately $8,731,000. Finally, Public Employees Retirement Association of Colorado bought a new position in Bank Ozk during the third quarter valued at approximately $837,000. 86.69% of the stock is owned by hedge funds and other institutional investors.
About Bank Ozk
Bank OZK provides a range of retail and commercial banking services to businesses, individuals, and non-profit and governmental entities. The company accepts non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits.
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