Comerica Bank increased its holdings in shares of Bank OZK (NASDAQ:OZK – Get Rating) by 1.8% in the first quarter, Holdings Channel.com reports. The firm owned 62,888 shares of the company’s stock after purchasing an additional 1,107 shares during the quarter. Comerica Bank’s holdings in Bank OZK were worth $2,629,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Covestor Ltd acquired a new position in Bank OZK during the 4th quarter worth approximately $27,000. Quadrant Capital Group LLC acquired a new position in Bank OZK during the 4th quarter worth approximately $37,000. Exchange Traded Concepts LLC acquired a new position in Bank OZK during the 1st quarter worth approximately $43,000. Confluence Wealth Services Inc. acquired a new position in Bank OZK during the 4th quarter worth approximately $45,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in Bank OZK during the 4th quarter worth approximately $45,000. 80.35% of the stock is owned by institutional investors.
Bank OZK Stock Down 1.8 %
OZK opened at $38.76 on Friday. Bank OZK has a 1-year low of $34.79 and a 1-year high of $51.39. The stock’s fifty day simple moving average is $38.39 and its 200 day simple moving average is $42.41. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.28. The stock has a market cap of $4.86 billion, a PE ratio of 8.91 and a beta of 1.49.
Bank OZK (NASDAQ:OZK – Get Rating) last posted its quarterly earnings results on Thursday, July 21st. The company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. Bank OZK had a return on equity of 12.57% and a net margin of 47.54%. During the same period in the previous year, the firm posted $1.16 EPS. As a group, research analysts expect that Bank OZK will post 4.22 earnings per share for the current year.
Bank OZK Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, July 22nd. Investors of record on Friday, July 15th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend was Thursday, July 14th. This is a boost from Bank OZK’s previous quarterly dividend of $0.31. Bank OZK’s dividend payout ratio is 29.43%.
Analyst Ratings Changes
OZK has been the subject of a number of recent research reports. Piper Sandler reduced their price target on Bank OZK to $54.00 in a research report on Friday. Citigroup cut their price objective on Bank OZK from $50.00 to $45.00 in a report on Wednesday, April 27th. StockNews.com initiated coverage on Bank OZK in a report on Thursday, March 31st. They issued a “hold” rating for the company. Truist Financial cut their price objective on Bank OZK from $44.00 to $42.00 in a report on Wednesday, June 15th. Finally, Raymond James downgraded Bank OZK from an “outperform” rating to a “market perform” rating in a report on Thursday, July 7th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Bank OZK presently has a consensus rating of “Hold” and an average price target of $48.86.
Bank OZK Profile
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
