State Board of Administration of Florida Retirement System lowered its position in shares of Bank OZK (NASDAQ:OZK) by 0.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 146,066 shares of the company’s stock after selling 317 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Bank OZK were worth $6,278,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. 1832 Asset Management L.P. raised its stake in shares of Bank OZK by 346.9% during the second quarter. 1832 Asset Management L.P. now owns 715 shares of the company’s stock valued at $30,000 after purchasing an additional 555 shares during the period. Fifth Third Bancorp raised its stake in shares of Bank OZK by 88.4% during the third quarter. Fifth Third Bancorp now owns 1,300 shares of the company’s stock valued at $56,000 after purchasing an additional 610 shares during the period. Van ECK Associates Corp raised its stake in shares of Bank OZK by 123.2% during the second quarter. Van ECK Associates Corp now owns 1,424 shares of the company’s stock valued at $60,000 after purchasing an additional 786 shares during the period. Maverick Capital Ltd. purchased a new stake in shares of Bank OZK during the second quarter valued at approximately $149,000. Finally, US Bancorp DE increased its stake in shares of Bank OZK by 7.3% in the second quarter. US Bancorp DE now owns 4,057 shares of the company’s stock worth $171,000 after buying an additional 276 shares during the last quarter. Institutional investors own 79.03% of the company’s stock.
A number of analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Bank OZK from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Tuesday, December 28th. Raymond James lifted their price target on shares of Bank OZK from $50.00 to $52.00 and gave the stock an “outperform” rating in a research note on Thursday, January 6th. Finally, Morgan Stanley lifted their price target on shares of Bank OZK from $53.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Monday, December 6th.
Bank OZK (NASDAQ:OZK) last released its quarterly earnings data on Wednesday, October 20th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. The firm had revenue of $273.94 million during the quarter, compared to the consensus estimate of $264.05 million. Bank OZK had a net margin of 46.64% and a return on equity of 12.31%. During the same quarter in the previous year, the company posted $0.84 earnings per share. Equities research analysts anticipate that Bank OZK will post 4.26 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 21st. Shareholders of record on Friday, January 14th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Thursday, January 13th. This is an increase from Bank OZK’s previous quarterly dividend of $0.29. Bank OZK’s payout ratio is currently 27.42%.
About Bank OZK
Bank OZK engages in the provision of community banking services. The firm offers deposit services such as checking, savings, money market, time deposit, and individual retirement accounts. It also provides loan services including types of real estate, consumer, commercial, industrial, and agricultural loans.
Further Reading: What sectors are represented in the Hang Seng index?
Want to see what other hedge funds are holding OZK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank OZK (NASDAQ:OZK).
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.