Raymond James Trust N.A. Acquires 806 Shares of Bank Ozk (NASDAQ:OZK)

Raymond James Trust N.A. grew its holdings in Bank Ozk (NASDAQ:OZK) by 10.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 8,501 shares of the company’s stock after buying an additional 806 shares during the quarter. Raymond James Trust N.A.’s holdings in Bank Ozk were worth $256,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Northern Trust Corp grew its position in shares of Bank Ozk by 0.6% in the 4th quarter. Northern Trust Corp now owns 928,449 shares of the company’s stock worth $21,198,000 after buying an additional 5,995 shares during the last quarter. Dimensional Fund Advisors LP grew its position in 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 purchasing an additional 932,303 shares during the last quarter. D. E. Shaw & Co. Inc. purchased a new stake in Bank Ozk during the 4th quarter worth approximately $214,000. Municipal Employees Retirement System of Michigan purchased a new stake in Bank Ozk during the 4th quarter worth approximately $663,000. Finally, Jane Street Group LLC purchased a new stake in Bank Ozk during the 4th quarter worth approximately $896,000. Institutional investors and hedge funds own 83.80% of the company’s stock.

Shares of OZK stock traded down $0.03 during trading hours on Wednesday, hitting $30.67. The company’s stock had a trading volume of 10,384 shares, compared to its average volume of 919,176. The stock has a 50 day simple moving average of $29.72. The stock has a market cap of $3.96 billion, a PE ratio of 9.47, a PEG ratio of 0.77 and a beta of 1.85. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.99. Bank Ozk has a 12-month low of $21.02 and a 12-month high of $41.73.

Bank Ozk (NASDAQ:OZK) last released its quarterly earnings data on Thursday, July 18th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.01). The business had revenue of $251.14 million during the quarter, compared to analysts’ expectations of $253.45 million. Bank Ozk had a net margin of 32.47% and a return on equity of 10.72%. Research analysts expect that Bank Ozk will post 3.37 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 12th were issued 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 was Thursday, July 11th. Bank Ozk’s dividend payout ratio is 29.63%.

Several research firms have weighed in on OZK. Stephens began coverage on shares of Slack in a research report on Thursday, July 11th. They set an “overweight” rating and a $43.00 target price on the stock. Zacks Investment Research downgraded shares of Ionis Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Bank Ozk has a consensus rating of “Hold” and an average target price of $32.55.

Bank Ozk Company Profile

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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Institutional Ownership by Quarter for Bank Ozk (NASDAQ:OZK)

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