Legal & General Group Plc purchased a new position in Bank Ozk (NASDAQ:OZK) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 128,604 shares of the company’s stock, valued at approximately $4,882,000. Legal & General Group Plc owned about 0.10% of Bank Ozk as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of OZK. Rehmann Capital Advisory Group acquired a new stake in shares of Bank Ozk in the third quarter valued at about $368,000. Paradigm Asset Management Co. LLC acquired a new position in Bank Ozk during the third quarter worth approximately $121,000. Nordea Investment Management AB acquired a new position in Bank Ozk during the third quarter worth approximately $15,944,000. TIAA CREF Investment Management LLC acquired a new position in Bank Ozk during the third quarter worth approximately $11,160,000. Finally, Teachers Advisors LLC acquired a new position in Bank Ozk during the third quarter worth approximately $6,537,000. Institutional investors and hedge funds own 86.29% of the company’s stock.
Shares of NASDAQ:OZK opened at $26.37 on Monday. Bank Ozk has a 12-month low of $21.02 and a 12-month high of $53.70. The company has a market cap of $3.32 billion, a PE ratio of 8.91, a PEG ratio of 0.64 and a beta of 1.49. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.95 and a quick ratio of 0.95.
Bank Ozk (NASDAQ:OZK) last issued its quarterly earnings results on Thursday, October 18th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.32). The company had revenue of $244.74 million during the quarter, compared to the consensus estimate of $258.05 million. Bank Ozk had a net margin of 38.37% and a return on equity of 11.17%. During the same quarter last year, the firm posted $0.75 earnings per share. As a group, sell-side analysts predict that Bank Ozk will post 3.18 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 22nd. Investors of record on Tuesday, January 15th will be paid a $0.22 dividend. This is a boost from Bank Ozk’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Monday, January 14th. Bank Ozk’s payout ratio is 28.38%.
A number of equities analysts have weighed in on the company. Zacks Investment Research downgraded Bank Ozk from a “hold” rating to a “strong sell” rating in a research report on Friday. Barclays upgraded Bank Ozk from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $27.00 to $28.00 in a report on Thursday. Morgan Stanley reduced their price objective on Bank Ozk from $32.00 to $29.00 and set an “equal weight” rating for the company in a report on Tuesday, December 11th. Piper Jaffray Companies cut Bank Ozk from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $52.00 to $31.00 in a report on Tuesday, December 4th. Finally, Stephens restated a “hold” rating and set a $28.00 price objective on shares of Bank Ozk in a report on Friday, November 9th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $32.22.
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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