Advisor Group Holdings Inc. raised its stake in Bank Ozk (NASDAQ:OZK) by 2.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,954 shares of the company’s stock after purchasing an additional 790 shares during the period. Advisor Group Holdings Inc.’s holdings in Bank Ozk were worth $681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of OZK. Steward Partners Investment Advisory LLC grew its stake in shares of Bank Ozk by 78.2% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,103 shares of the company’s stock worth $26,000 after acquiring an additional 484 shares during the last quarter. Giverny Capital Inc. lifted its holdings in shares of Bank Ozk by 0.3% during the second quarter. Giverny Capital Inc. now owns 356,374 shares of the company’s stock worth $8,364,000 after purchasing an additional 893 shares during the period. Louisiana State Employees Retirement System lifted its holdings in shares of Bank Ozk by 3.4% during the second quarter. Louisiana State Employees Retirement System now owns 30,200 shares of the company’s stock worth $709,000 after purchasing an additional 1,000 shares during the period. California Public Employees Retirement System lifted its holdings in Bank Ozk by 0.5% in the second quarter. California Public Employees Retirement System now owns 280,812 shares of the company’s stock valued at $6,591,000 after acquiring an additional 1,352 shares during the period. Finally, Stephenson National Bank & Trust lifted its holdings in Bank Ozk by 31.6% in the second quarter. Stephenson National Bank & Trust now owns 5,744 shares of the company’s stock valued at $135,000 after acquiring an additional 1,379 shares during the period. Institutional investors own 86.23% of the company’s stock.
Shares of Bank Ozk stock opened at $20.87 on Friday. The business’s fifty day simple moving average is $23.48 and its 200-day simple moving average is $22.08. Bank Ozk has a 52 week low of $14.20 and a 52 week high of $31.76. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.30. The firm has a market cap of $2.70 billion, a PE ratio of 10.08 and a beta of 2.00.
Bank Ozk (NASDAQ:OZK) last posted its earnings results on Thursday, July 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.06. Bank Ozk had a return on equity of 6.49% and a net margin of 21.95%. The firm had revenue of $238.18 million for the quarter, compared to analyst estimates of $234.50 million. As a group, equities analysts expect that Bank Ozk will post 1.67 earnings per share for the current year.
A number of research analysts have issued reports on OZK shares. Piper Sandler boosted their price target on Bank Ozk from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, July 24th. Citigroup downgraded Bank Ozk from a “buy” rating to a “neutral” rating and upped their target price for the stock from $24.00 to $26.00 in a research note on Wednesday, June 17th. BidaskClub downgraded Bank Ozk from a “hold” rating to a “sell” rating in a research note on Friday, August 28th. Morgan Stanley upped their target price on Bank Ozk from $28.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 4th. Finally, Raymond James upgraded Bank Ozk from a “market perform” rating to an “outperform” rating and set a $28.00 price target for the company in a research report on Wednesday, June 17th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Bank Ozk has an average rating of “Hold” and an average target price of $25.50.
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.
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