Bank Ozk (NASDAQ:OZK) – SunTrust Banks increased their Q4 2019 earnings per share estimates for Bank Ozk in a research note issued to investors on Monday, April 22nd. SunTrust Banks analyst J. Demba now anticipates that the company will post earnings per share of $0.90 for the quarter, up from their prior forecast of $0.89. SunTrust Banks has a “Hold” rating and a $35.00 price target on the stock. SunTrust Banks also issued estimates for Bank Ozk’s FY2020 earnings at $3.70 EPS.
Several other research firms also recently commented on OZK. Brean Capital reissued a “buy” rating on shares of Bank Ozk in a research note on Monday, March 18th. Barclays lifted their price target on shares of Bank Ozk from $28.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 22nd. Zacks Investment Research downgraded shares of Bank Ozk from a “buy” rating to a “hold” rating in a research note on Friday, April 5th. Finally, Stephens reissued a “hold” rating and set a $26.00 price target on shares of Bank Ozk in a research note on Thursday, January 17th. 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. The company has a consensus rating of “Hold” and an average target price of $32.73.
Bank Ozk (NASDAQ:OZK) last posted its quarterly earnings results on Wednesday, April 17th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.85 by $0.01. The firm had revenue of $249.96 million for the quarter, compared to the consensus estimate of $251.88 million. Bank Ozk had a net margin of 33.40% and a return on equity of 11.11%. During the same period last year, the firm posted $0.88 earnings per share.
The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 15th were issued a $0.23 dividend. This is a boost from Bank Ozk’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, April 12th. This represents a $0.92 annualized dividend and a dividend yield of 2.88%. Bank Ozk’s dividend payout ratio (DPR) is currently 28.40%.
Several institutional investors have recently modified their holdings of OZK. Vanguard Group Inc bought a new position in shares of Bank Ozk in the third quarter worth approximately $445,842,000. Vanguard Group Inc. bought a new stake in Bank Ozk in the third quarter valued at $445,842,000. Diamond Hill Capital Management Inc. boosted its holdings in Bank Ozk by 122.5% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 6,602,068 shares of the company’s stock valued at $150,725,000 after acquiring an additional 3,635,438 shares in the last quarter. Neuberger Berman Group LLC bought a new stake in Bank Ozk in the third quarter valued at $128,579,000. Finally, Bank of New York Mellon Corp bought a new stake in Bank Ozk in the third quarter valued at $57,084,000. Hedge funds and other institutional investors own 90.96% of the company’s stock.
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.
Recommended Story: What impact do institutional investors have on markets?
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.