Weybosset Research & Management LLC increased its holdings in Bank Ozk (NASDAQ:OZK) by 1.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 200,591 shares of the company’s stock after acquiring an additional 2,108 shares during the quarter. Bank Ozk comprises approximately 3.5% of Weybosset Research & Management LLC’s portfolio, making the stock its 16th biggest position. Weybosset Research & Management LLC owned 0.16% of Bank Ozk worth $6,036,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in OZK. Gradient Investments LLC purchased a new position in Bank Ozk during the second quarter valued at $46,000. Icon Wealth Partners LLC purchased a new position in Bank Ozk during the first quarter valued at $53,000. Quadrant Capital Group LLC lifted its position in Bank Ozk by 57.0% during the first quarter. Quadrant Capital Group LLC now owns 2,819 shares of the company’s stock valued at $76,000 after buying an additional 1,024 shares during the period. Osborn Williams & Donohoe LLC purchased a new position in Bank Ozk during the first quarter valued at $119,000. Finally, Toronto Dominion Bank lifted its position in Bank Ozk by 91.9% during the first quarter. Toronto Dominion Bank now owns 6,944 shares of the company’s stock valued at $201,000 after buying an additional 3,325 shares during the period. 83.80% of the stock is owned by institutional investors.
Several brokerages have commented on OZK. Zacks Investment Research lowered Bank Ozk from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Stephens set a $34.00 price objective on Bank Ozk and gave the company a “hold” rating in a research report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. Bank Ozk has a consensus rating of “Hold” and a consensus price target of $32.55.
Bank Ozk (NASDAQ:OZK) last issued its quarterly earnings results on Thursday, July 18th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.01). Bank Ozk had a net margin of 32.47% and a return on equity of 10.72%. The company had revenue of $251.14 million for the quarter, compared to the consensus estimate of $253.45 million. On average, equities analysts anticipate that Bank Ozk will post 3.37 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 12th were issued a dividend of $0.24 per share. The ex-dividend date was Thursday, July 11th. 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 3.35%. Bank Ozk’s dividend payout ratio (DPR) is presently 29.63%.
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.
See Also: What is the NASDAQ?
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.