QV Investors Inc. bought a new position in shares of Bank Ozk (NASDAQ:OZK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 158,690 shares of the company’s stock, valued at approximately $4,774,000. QV Investors Inc. owned approximately 0.12% of Bank Ozk as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of OZK. Norges Bank acquired a new stake in shares of Bank Ozk during the 4th quarter worth about $21,289,000. Dimensional Fund Advisors LP raised its position in shares of Bank Ozk by 49.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,833,994 shares of the company’s stock worth $64,699,000 after acquiring an additional 932,303 shares in the last quarter. Millennium Management LLC raised its position in shares of Bank Ozk by 766.1% during the 4th quarter. Millennium Management LLC now owns 642,519 shares of the company’s stock worth $14,669,000 after acquiring an additional 568,330 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Bank Ozk by 11.0% during the 1st quarter. Principal Financial Group Inc. now owns 4,824,914 shares of the company’s stock worth $139,830,000 after acquiring an additional 477,434 shares in the last quarter. Finally, Copeland Capital Management LLC raised its position in shares of Bank Ozk by 46.6% during the 2nd quarter. Copeland Capital Management LLC now owns 922,363 shares of the company’s stock worth $27,754,000 after acquiring an additional 293,302 shares in the last quarter. 83.80% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on OZK shares. Zacks Investment Research downgraded Ionis Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Friday, April 5th. Stephens started coverage on Slack in a research note on Thursday, July 11th. They set an “overweight” rating and a $43.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. Bank Ozk has a consensus rating of “Hold” and an average price target of $32.55.
Bank Ozk (NASDAQ:OZK) last released its quarterly earnings results on Thursday, July 18th. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). The firm had revenue of $251.14 million for the quarter, compared to analysts’ expectations of $253.45 million. Bank Ozk had a return on equity of 10.72% and a net margin of 32.47%. Sell-side analysts expect that Bank Ozk will post 3.37 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 12th were paid a $0.24 dividend. This is an increase from Bank Ozk’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend was Thursday, July 11th. Bank Ozk’s dividend payout ratio (DPR) is 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.
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