Oregon Public Employees Retirement Fund raised its position in shares of Bank Ozk (NASDAQ:OZK) by 1.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,775 shares of the company’s stock after buying an additional 691 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Bank Ozk were worth $1,468,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Principal Financial Group Inc. lifted its stake in Bank Ozk by 11.0% during the first quarter. Principal Financial Group Inc. now owns 4,824,914 shares of the company’s stock valued at $139,830,000 after buying an additional 477,434 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Bank Ozk by 2.1% in the 1st quarter. Neuberger Berman Group LLC now owns 3,332,682 shares of the company’s stock valued at $96,581,000 after purchasing an additional 69,335 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Bank Ozk by 49.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,833,994 shares of the company’s stock valued at $64,699,000 after purchasing an additional 932,303 shares during the period. Clearbridge Investments LLC increased its holdings in shares of Bank Ozk by 17.6% in the 1st quarter. Clearbridge Investments LLC now owns 1,667,435 shares of the company’s stock valued at $48,322,000 after purchasing an additional 249,332 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Bank Ozk by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 1,333,823 shares of the company’s stock valued at $30,451,000 after purchasing an additional 4,086 shares during the period. 83.77% of the stock is owned by institutional investors.
Separately, Stephens set a $34.00 target price on Bank Ozk and gave the company a “hold” rating in a report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $32.55.
Shares of OZK traded down $1.27 during trading hours on Monday, reaching $27.00. The company’s stock had a trading volume of 19,065 shares, compared to its average volume of 994,222. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 8.39, a price-to-earnings-growth ratio of 0.70 and a beta of 1.84. Bank Ozk has a 1-year low of $21.02 and a 1-year high of $41.73. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average of $29.64.
Bank Ozk (NASDAQ:OZK) last issued its earnings results on Thursday, July 18th. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). Bank Ozk had a net margin of 32.47% and a return on equity of 10.72%. The business had revenue of $251.14 million during the quarter, compared to analyst estimates of $253.45 million. Equities research analysts anticipate that Bank Ozk will post 3.37 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 12th were issued a $0.24 dividend. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $0.96 dividend on an annualized basis and a yield of 3.56%. This is an increase from Bank Ozk’s previous quarterly dividend of $0.23. Bank Ozk’s dividend payout ratio is currently 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.
See Also: What are CEFs?
Receive News & Ratings for Bank Ozk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank Ozk and related companies with MarketBeat.com's FREE daily email newsletter.