Shares of Bank Ozk (NASDAQ:OZK) have been given an average recommendation of “Hold” by the fourteen ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $31.67.
Separately, Stephens set a $34.00 target price on Bank Ozk and gave the company a “hold” rating in a research report on Thursday, July 11th.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. purchased a new stake in Bank Ozk in the second quarter valued at approximately $30,000. Cullen Frost Bankers Inc. lifted its stake in Bank Ozk by 152.5% in the second quarter. Cullen Frost Bankers Inc. now owns 1,010 shares of the company’s stock valued at $30,000 after buying an additional 610 shares during the last quarter. Berman Capital Advisors LLC lifted its stake in Bank Ozk by 53.8% in the second quarter. Berman Capital Advisors LLC now owns 1,223 shares of the company’s stock valued at $36,000 after buying an additional 428 shares during the last quarter. Gradient Investments LLC purchased a new stake in Bank Ozk in the second quarter valued at approximately $46,000. Finally, Icon Wealth Partners LLC purchased a new stake in Bank Ozk in the first quarter valued at approximately $53,000. 83.32% of the stock is owned by hedge funds and other institutional investors.
Bank Ozk (NASDAQ:OZK) last issued its quarterly earnings data on Thursday, July 18th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.01). The company had revenue of $251.14 million during the quarter, compared to analysts’ expectations of $253.45 million. Bank Ozk had a net margin of 32.47% and a return on equity of 10.72%. On average, analysts predict that Bank Ozk will post 3.36 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 12th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.73%. This is an increase from Bank Ozk’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, July 11th. Bank Ozk’s dividend payout ratio is 29.63%.
About Bank Ozk
Bank OZK provides 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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