Retirement Systems of Alabama grew its position in shares of Bank Ozk (NASDAQ:OZK) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 360,734 shares of the company’s stock after acquiring an additional 11,913 shares during the period. Retirement Systems of Alabama owned about 0.28% of Bank Ozk worth $8,236,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. bought a new position in Bank Ozk in the third quarter worth about $120,000. Paradigm Asset Management Co. LLC bought a new position in shares of Bank Ozk during the third quarter valued at approximately $121,000. Twin Tree Management LP bought a new position in shares of Bank Ozk during the third quarter valued at approximately $141,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Bank Ozk during the third quarter valued at approximately $199,000. Finally, US Bancorp DE bought a new position in shares of Bank Ozk during the third quarter valued at approximately $224,000. 86.29% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ OZK opened at $26.37 on Monday. Bank Ozk has a fifty-two week low of $21.02 and a fifty-two week high of $53.70. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 8.91, a price-to-earnings-growth ratio of 0.64 and a beta of 1.49. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.09.
Bank Ozk (NASDAQ:OZK) last announced its earnings results on Thursday, October 18th. The company reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.32). Bank Ozk had a net margin of 38.37% and a return on equity of 11.17%. The business had revenue of $244.74 million for the quarter, compared to the consensus estimate of $258.05 million. During the same period in the prior year, the business posted $0.75 EPS. On average, sell-side analysts anticipate that Bank Ozk will post 3.18 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 22nd. Stockholders of record on Tuesday, January 15th will be issued a dividend of $0.22 per share. This is a boost from Bank Ozk’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, January 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.34%. Bank Ozk’s dividend payout ratio is presently 28.38%.
A number of brokerages have weighed in on OZK. Brean Capital reaffirmed a “buy” rating on shares of Bank Ozk in a research note on Monday, October 29th. Zacks Investment Research raised shares of Bank Ozk from a “sell” rating to a “hold” rating in a research note on Monday, September 24th. Barclays decreased their target price on shares of Bank Ozk from $38.00 to $27.00 and set an “underweight” rating for the company in a research note on Monday, October 22nd. Stephens reaffirmed a “hold” rating and set a $48.00 target price on shares of Bank Ozk in a research note on Thursday, October 18th. Finally, TheStreet downgraded shares of Bank Ozk from a “b-” rating to a “c+” rating in a research note on Friday, October 12th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $32.22.
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Bank Ozk Profile
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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