William Blair Investment Management LLC bought a new stake in Bank Ozk (NASDAQ:OZK) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 2,461,348 shares of the company’s stock, valued at approximately $93,433,000.
A number of other institutional investors and hedge funds have also bought and sold shares of OZK. Benjamin F. Edwards & Company Inc. bought a new position in Bank Ozk during the 3rd quarter valued at $120,000. Twin Tree Management LP bought a new position in Bank Ozk during the 3rd quarter valued at $141,000. Whittier Trust Co. of Nevada Inc. bought a new position in Bank Ozk during the 3rd quarter valued at $199,000. ING Groep NV bought a new position in Bank Ozk during the 3rd quarter valued at $223,000. Finally, US Bancorp DE bought a new position in Bank Ozk during the 3rd quarter valued at $224,000. Hedge funds and other institutional investors own 89.03% of the company’s stock.
A number of equities analysts have issued reports on the company. Stephens reaffirmed a “hold” rating and set a $48.00 price target on shares of Bank Ozk in a research note on Thursday, August 23rd. ValuEngine raised Bank Ozk from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 18th. Brean Capital reissued a “buy” rating on shares of Bank Ozk in a research note on Monday, August 27th. Zacks Investment Research lowered Bank Ozk from a “hold” rating to a “sell” rating in a research note on Tuesday, September 11th. Finally, Morgan Stanley reduced their price objective on Bank Ozk from $56.00 to $52.00 and set an “overweight” rating for the company in a research note on Tuesday, September 18th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. Bank Ozk has an average rating of “Hold” and a consensus target price of $32.63.
Bank Ozk (NASDAQ:OZK) last released its quarterly earnings data on Thursday, October 18th. The company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.32). The company had revenue of $244.74 million for 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 period in the prior year, the business earned $0.75 earnings per share. Equities research analysts forecast that Bank Ozk will post 3.18 earnings per share 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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