Utah Retirement Systems purchased a new stake in shares of Bank Ozk (NASDAQ:OZK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 22,486 shares of the company’s stock, valued at approximately $853,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in OZK. BlackRock Inc. purchased a new stake in Bank Ozk during the 3rd quarter valued at $411,309,000. FMR LLC purchased a new stake in shares of Bank Ozk in the 3rd quarter worth about $227,092,000. Diamond Hill Capital Management Inc. purchased a new stake in shares of Bank Ozk in the 3rd quarter worth about $112,613,000. William Blair Investment Management LLC purchased a new stake in shares of Bank Ozk in the 3rd quarter worth about $93,433,000. Finally, Bank OZK purchased a new stake in shares of Bank Ozk in the 3rd quarter worth about $73,993,000. 88.14% of the stock is owned by institutional investors and hedge funds.
Shares of Bank Ozk stock opened at $23.79 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $3.12 billion, a P/E ratio of 8.04, a price-to-earnings-growth ratio of 0.64 and a beta of 1.46. Bank Ozk has a 1 year low of $23.35 and a 1 year high of $53.70.
Bank Ozk (NASDAQ:OZK) last issued its quarterly earnings results on Thursday, October 18th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.32). The business had revenue of $244.74 million during the quarter, compared to the consensus estimate of $258.05 million. Bank Ozk had a return on equity of 11.17% and a net margin of 38.37%. During the same quarter in the previous year, the business earned $0.75 earnings per share. Equities research analysts expect that Bank Ozk will post 3.18 earnings per share for the current fiscal year.
OZK has been the subject of several research analyst reports. Barclays cut shares of Bank Ozk from an “overweight” rating to an “underweight” rating in a research report on Monday, August 13th. ValuEngine raised shares of Bank Ozk from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 18th. Stephens reaffirmed a “hold” rating and issued a $48.00 target price on shares of Bank Ozk in a research report on Thursday, August 23rd. Brean Capital reaffirmed a “buy” rating on shares of Bank Ozk in a research report on Monday, August 27th. Finally, Zacks Investment Research cut shares of Bank Ozk from a “hold” rating to a “sell” rating in a research report on Tuesday, September 11th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $32.44.
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Bank Ozk Company Profile
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.
Further Reading: What is a Swap?
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