Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Bank Ozk (NASDAQ:OZK) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 7,633 shares of the company’s stock, valued at approximately $290,000.
Several other institutional investors have also bought and sold shares of the business. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Bank Ozk in the 3rd quarter worth $120,000. Twin Tree Management LP bought a new stake in shares of Bank Ozk in the 3rd quarter worth $141,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Bank Ozk in the 3rd quarter worth $199,000. US Bancorp DE bought a new stake in shares of Bank Ozk in the 3rd quarter worth $224,000. Finally, ING Groep NV bought a new stake in shares of Bank Ozk in the 3rd quarter worth $223,000. 88.14% of the stock is owned by institutional investors and hedge funds.
A number of research firms have commented on OZK. Zacks Investment Research lowered Bank Ozk from a “hold” rating to a “sell” rating in a report on Tuesday, September 11th. Brean Capital reaffirmed a “buy” rating on shares of Bank Ozk in a report on Monday, October 29th. Barclays cut 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. ValuEngine lowered Bank Ozk from a “sell” rating to a “strong sell” rating in a report on Thursday, September 13th. Finally, Stephens reaffirmed a “hold” rating and issued a $48.00 price objective on shares of Bank Ozk in a report on Thursday, October 18th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. Bank Ozk presently has a consensus rating of “Hold” and an average price target of $32.44.
Shares of OZK 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. Bank Ozk has a one year low of $23.35 and a one year high of $53.70. The firm has a market capitalization of $3.12 billion, a P/E ratio of 7.86, a PEG ratio of 0.64 and a beta of 1.46.
Bank Ozk (NASDAQ:OZK) last issued its quarterly earnings data on Thursday, October 18th. The company reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.32). Bank Ozk had a return on equity of 11.17% and a net margin of 38.37%. The firm had revenue of $244.74 million during the quarter, compared to the consensus estimate of $258.05 million. During the same period in the previous year, the firm earned $0.75 EPS. Equities research analysts predict that Bank Ozk will post 3.18 EPS for the current fiscal year.
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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