Legal & General Group Plc Purchases Shares of 128,604 Bank Ozk (OZK)

Legal & General Group Plc purchased a new position in shares of Bank Ozk (NASDAQ:OZK) in the 3rd quarter, HoldingsChannel reports. The firm purchased 128,604 shares of the company’s stock, valued at approximately $4,882,000.

Other large investors also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Bank Ozk during the third quarter worth $120,000. Paradigm Asset Management Co. LLC acquired a new position in shares of Bank Ozk during the third quarter worth $121,000. Twin Tree Management LP acquired a new position in shares of Bank Ozk during the third quarter worth $141,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Bank Ozk during the third quarter worth $199,000. Finally, ING Groep NV acquired a new position in shares of Bank Ozk during the third quarter worth $223,000. Institutional investors own 86.29% of the company’s stock.

NASDAQ OZK opened at $26.37 on Monday. The firm has a market capitalization of $3.32 billion, a P/E ratio of 8.91, a P/E/G ratio of 0.64 and a beta of 1.49. Bank Ozk has a twelve month low of $21.02 and a twelve month high of $53.70. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.95 and a quick ratio of 0.95.

Bank Ozk (NASDAQ:OZK) last posted its quarterly earnings data on Thursday, October 18th. The company reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.32). The company had revenue of $244.74 million during the quarter, compared to analyst estimates of $258.05 million. Bank Ozk had a net margin of 38.37% and a return on equity of 11.17%. During the same quarter in the previous year, the company earned $0.75 earnings per share. On average, sell-side analysts anticipate that Bank Ozk will post 3.18 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 22nd. Shareholders of record on Tuesday, January 15th will be given a dividend of $0.22 per share. The ex-dividend date is Monday, January 14th. This represents a $0.88 dividend on an annualized basis and a yield of 3.34%. This is a boost from Bank Ozk’s previous quarterly dividend of $0.21. Bank Ozk’s dividend payout ratio is 28.38%.

OZK has been the subject of a number of recent research reports. Brean Capital restated a “buy” rating and issued a $54.00 price objective on shares of Bank Ozk in a report on Friday, October 19th. They noted that the move was a valuation call. Sandler O’Neill downgraded Bank Ozk from a “buy” rating to a “hold” rating and set a $29.00 price objective for the company. in a report on Friday, October 19th. Wells Fargo & Co set a $40.00 price objective on Bank Ozk and gave the company a “hold” rating in a report on Tuesday, October 2nd. Barclays decreased their price objective on Bank Ozk from $38.00 to $27.00 and set an “underweight” rating for the company in a report on Monday, October 22nd. Finally, Raymond James downgraded Bank Ozk from an “outperform” rating to a “market perform” rating in a report on Friday, October 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $32.22.

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About Bank Ozk

Bank OZK provides a range of 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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