Bank Ozk (NASDAQ:OZK) Holdings Lifted by State Street Corp

State Street Corp grew its position in Bank Ozk (NASDAQ:OZK) by 1.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 12,964,223 shares of the company’s stock after buying an additional 163,111 shares during the period. State Street Corp owned approximately 0.10% of Bank Ozk worth $353,534,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in shares of Bank Ozk in the second quarter valued at approximately $30,000. Bridger Capital Management LLC bought a new position in shares of Bank Ozk in the third quarter valued at approximately $29,000. Cullen Frost Bankers Inc. boosted its holdings in shares of Bank Ozk by 152.5% in the second quarter. Cullen Frost Bankers Inc. now owns 1,010 shares of the company’s stock valued at $30,000 after acquiring an additional 610 shares in the last quarter. Berman Capital Advisors LLC boosted its holdings in shares of Bank Ozk by 53.8% in the second quarter. Berman Capital Advisors LLC now owns 1,223 shares of the company’s stock valued at $36,000 after acquiring an additional 428 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Bank Ozk by 1,006.5% in the second quarter. BNP Paribas Arbitrage SA now owns 2,567 shares of the company’s stock valued at $77,000 after acquiring an additional 2,335 shares in the last quarter. Hedge funds and other institutional investors own 82.16% of the company’s stock.

Several research analysts have recently issued reports on the stock. Morgan Stanley decreased their price objective on shares of Bank Ozk from $32.00 to $31.00 and set an “equal weight” rating for the company in a report on Tuesday, October 22nd. Stephens set a $31.00 price objective on shares of Bank Ozk and gave the company a “hold” rating in a report on Thursday, October 17th. Finally, ValuEngine cut shares of Bank Ozk from a “sell” rating to a “strong sell” rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.86.

OZK stock opened at $29.50 on Tuesday. Bank Ozk has a 12 month low of $21.02 and a 12 month high of $34.34. The firm has a market cap of $3.83 billion, a PE ratio of 9.10, a P/E/G ratio of 0.75 and a beta of 1.89. The firm has a 50 day simple moving average of $29.22 and a 200 day simple moving average of $28.69. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.00 and a quick ratio of 1.00.

Bank Ozk (NASDAQ:OZK) last released its earnings results on Thursday, October 17th. The company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). Bank Ozk had a net margin of 34.43% and a return on equity of 11.19%. The business had revenue of $245.23 million for the quarter, compared to analyst estimates of $250.11 million. During the same period in the prior year, the company earned $0.58 earnings per share. As a group, sell-side analysts expect that Bank Ozk will post 3.29 earnings per share for the current year.

Bank Ozk 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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Institutional Ownership by Quarter for Bank Ozk (NASDAQ:OZK)

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