Columbia Partners L.L.C. Investment Management Takes Position in Bank Ozk (OZK)

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.

Bank Ozk (NASDAQ:OZK) last posted its quarterly earnings data on Thursday, October 18th. The company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.32). The business had revenue of $244.74 million during 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 quarter in the previous year, the firm posted $0.75 earnings per share. Analysts anticipate that Bank Ozk will post 3.18 EPS for the current year.

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.

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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.

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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).

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

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