11. SUSTAINABLE CITIES AND COMMUNITIES

Bank OZK (NASDAQ:OZK) Shares Bought by Louisiana State Employees Retirement System – Defense World

Written by Amanda

Louisiana State Employees Retirement System grew its stake in Bank OZK (NASDAQ:OZKGet Rating) by 1.9% during the 1st quarter, Holdings Channel reports. The fund owned 31,700 shares of the company’s stock after acquiring an additional 600 shares during the period. Louisiana State Employees Retirement System’s holdings in Bank OZK were worth $1,325,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Strs Ohio lifted its position in shares of Bank OZK by 4.4% in the first quarter. Strs Ohio now owns 40,902 shares of the company’s stock valued at $1,746,000 after acquiring an additional 1,729 shares in the last quarter. Inspire Investing LLC purchased a new stake in shares of Bank OZK in the first quarter valued at $852,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Bank OZK by 7.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,719 shares of the company’s stock valued at $714,000 after acquiring an additional 1,212 shares in the last quarter. Cardinal Capital Management lifted its position in shares of Bank OZK by 8.5% in the first quarter. Cardinal Capital Management now owns 24,785 shares of the company’s stock valued at $1,058,000 after acquiring an additional 1,943 shares in the last quarter. Finally, Congress Asset Management Co. MA lifted its position in shares of Bank OZK by 0.7% in the first quarter. Congress Asset Management Co. MA now owns 53,281 shares of the company’s stock valued at $2,275,000 after acquiring an additional 366 shares in the last quarter. Institutional investors and hedge funds own 80.35% of the company’s stock.

Several analysts have recently issued reports on the company. StockNews.com began coverage on Bank OZK in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Citigroup reduced their target price on Bank OZK from $50.00 to $45.00 in a research report on Wednesday, April 27th. Stephens increased their target price on Bank OZK from $50.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Monday, April 25th. Wells Fargo & Company downgraded Bank OZK from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $58.00 to $42.00 in a research report on Thursday. Finally, Raymond James downgraded Bank OZK from an “outperform” rating to a “market perform” rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Bank OZK presently has an average rating of “Hold” and a consensus target price of $49.71.

Shares of NASDAQ:OZK opened at $37.85 on Friday. The firm has a market capitalization of $4.75 billion, a PE ratio of 8.70 and a beta of 1.49. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.99 and a quick ratio of 0.99. The business has a 50-day moving average of $38.73 and a two-hundred day moving average of $42.99. Bank OZK has a 12 month low of $34.79 and a 12 month high of $51.39.

Bank OZK (NASDAQ:OZKGet Rating) last announced its quarterly earnings results on Thursday, April 21st. The company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.95 by $0.07. The company had revenue of $280.82 million during the quarter, compared to analyst estimates of $273.45 million. Bank OZK had a return on equity of 12.57% and a net margin of 47.54%. During the same period in the prior year, the firm posted $1.11 earnings per share. As a group, research analysts anticipate that Bank OZK will post 4.22 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 22nd. Shareholders of record on Friday, July 15th will be paid a dividend of $0.32 per share. The ex-dividend date is Thursday, July 14th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 3.38%. Bank OZK’s dividend payout ratio is currently 28.51%.

Bank OZK Company Profile (Get Rating)

Bank OZK provides various retail and commercial banking services. It accepts various deposit products, including non-interest-bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits. The company also offers real estate, consumer and business purpose, indirect recreational vehicle and marine, commercial and industrial, government guaranteed, agricultural, small business, homebuilder, and affordable housing loans; business aviation and subscription financing services; and mortgage and other lending products.

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Source: defenseworld.net

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai