Columbia Partners L.L.C. Investment Management bought a new stake in shares of Bank Ozk (NASDAQ:OZK) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 64,625 shares of the company’s stock, valued at approximately $2,453,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. bought a new position in Bank Ozk during the third quarter valued at about $120,000. Twin Tree Management LP bought a new position in Bank Ozk during the third quarter valued at about $141,000. Whittier Trust Co. of Nevada Inc. bought a new position in Bank Ozk during the third quarter valued at about $199,000. ING Groep NV bought a new position in Bank Ozk during the third quarter valued at about $223,000. Finally, US Bancorp DE bought a new position in Bank Ozk during the third quarter valued at about $224,000. Institutional investors own 89.03% of the company’s stock.
Bank Ozk stock opened at $27.10 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $3.47 billion, a PE ratio of 9.16, a price-to-earnings-growth ratio of 0.71 and a beta of 1.51. Bank Ozk has a 52 week low of $24.15 and a 52 week high of $53.70.
A number of research firms have recently commented on OZK. Stephens reiterated a “hold” rating and issued a $28.00 price objective on shares of Bank Ozk in a research note on Friday, November 9th. Brean Capital reiterated a “buy” rating on shares of Bank Ozk in a research note on Monday, October 29th. UBS Group upgraded Bank Ozk from a “sell” rating to a “neutral” rating and dropped their price objective for the stock from $36.00 to $27.00 in a research note on Wednesday, October 24th. They noted that the move was a valuation call. Citigroup dropped their price objective on Bank Ozk from $59.00 to $31.00 and set a “buy” rating on the stock in a research note on Monday, October 22nd. Finally, Barclays dropped their price objective on Bank Ozk from $38.00 to $27.00 and set an “underweight” rating on the stock in a research note on Monday, October 22nd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $32.63.
ILLEGAL ACTIVITY NOTICE: This report was first posted by Community Financial News and is the property of of Community Financial News. If you are reading this report on another domain, it was stolen and republished in violation of international copyright law. The original version of this report can be read at https://www.com-unik.info/2018/12/03/columbia-partners-l-l-c-investment-management-takes-position-in-bank-ozk-ozk.html.
Bank Ozk 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.
Want to see what other hedge funds are holding OZK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank Ozk (NASDAQ:OZK).
Receive News & Ratings for Bank Ozk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank Ozk and related companies with MarketBeat.com's FREE daily email newsletter.