Public Employees Retirement System of Ohio Buys 425 Shares of Bank OZK $OZK

Public Employees Retirement System of Ohio increased its stake in Bank OZK (NASDAQ:OZK) by 1.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 37,483 shares of the company’s stock after purchasing an additional 425 shares during the period. Public Employees Retirement System of Ohio’s holdings in Bank OZK were worth $1,764,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CX Institutional bought a new stake in shares of Bank OZK during the first quarter worth about $30,000. Summit Securities Group LLC acquired a new position in Bank OZK in the first quarter valued at approximately $32,000. Bruce G. Allen Investments LLC lifted its stake in Bank OZK by 4,828.6% in the first quarter. Bruce G. Allen Investments LLC now owns 1,035 shares of the company’s stock valued at $45,000 after buying an additional 1,014 shares during the period. Brooklyn Investment Group raised its position in shares of Bank OZK by 1,114.3% during the first quarter. Brooklyn Investment Group now owns 1,105 shares of the company’s stock worth $48,000 after purchasing an additional 1,014 shares during the period. Finally, Parallel Advisors LLC raised its position in shares of Bank OZK by 70.8% during the second quarter. Parallel Advisors LLC now owns 1,124 shares of the company’s stock worth $53,000 after purchasing an additional 466 shares during the period. Institutional investors own 86.18% of the company’s stock.

Bank OZK Stock Performance

Shares of NASDAQ OZK opened at $51.23 on Friday. The stock has a market cap of $5.83 billion, a price-to-earnings ratio of 8.32 and a beta of 0.88. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.23. Bank OZK has a 1-year low of $35.71 and a 1-year high of $53.66. The stock’s 50-day moving average is $50.95 and its 200 day moving average is $47.23.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings results on Thursday, July 17th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.07. Bank OZK had a return on equity of 13.24% and a net margin of 25.83%.The business had revenue of $428.04 million for the quarter, compared to analyst estimates of $423.41 million. During the same period last year, the company earned $1.52 EPS. On average, sell-side analysts anticipate that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, October 14th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 3.5%. The ex-dividend date is Tuesday, October 14th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.44. Bank OZK’s dividend payout ratio is 28.57%.

Analyst Upgrades and Downgrades

OZK has been the subject of a number of analyst reports. Cowen initiated coverage on Bank OZK in a research report on Wednesday, September 24th. They issued a “buy” rating for the company. National Bankshares set a $67.00 price target on Bank OZK in a research note on Wednesday, September 24th. Morgan Stanley increased their price target on Bank OZK from $55.00 to $63.00 and gave the stock an “underperform” rating in a research note on Monday. Wells Fargo & Company increased their price target on Bank OZK from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Bank OZK in a report on Saturday, September 27th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Bank OZK has an average rating of “Hold” and an average price target of $57.80.

About Bank OZK

Bank OZK provides various retail and commercial banking services for individuals and businesses in the United States. The company offers deposit services, including non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time and reciprocal deposits.