1,028,886 Shares in Bank Ozk (OZK) Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC acquired a new position in shares of Bank Ozk (NASDAQ:OZK) in the 3rd quarter, HoldingsChannel reports. The fund acquired 1,028,886 shares of the company’s stock, valued at approximately $39,057,000.

Several other large investors have also added to or reduced their stakes in OZK. Global Endowment Management LP acquired a new stake in shares of Bank Ozk in the 3rd quarter valued at about $292,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Bank Ozk in the 3rd quarter valued at about $541,000. AXA acquired a new stake in shares of Bank Ozk in the 3rd quarter valued at about $5,047,000. Alliancebernstein L.P. acquired a new stake in shares of Bank Ozk in the 3rd quarter valued at about $2,400,000. Finally, Keybank National Association OH acquired a new stake in shares of Bank Ozk in the 3rd quarter valued at about $295,000. 88.14% of the stock is owned by institutional investors and hedge funds.

OZK opened at $26.83 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.09. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 9.06, a P/E/G ratio of 0.71 and a beta of 1.46. 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 the Thomson Reuters’ consensus estimate of $0.90 by ($0.32). The company had revenue of $244.74 million for the quarter, compared to analysts’ expectations of $258.05 million. Bank Ozk had a net margin of 38.37% and a return on equity of 11.17%. During the same period in the prior year, the company earned $0.75 earnings per share. On average, equities research analysts expect that Bank Ozk will post 3.18 earnings per share for the current fiscal year.

A number of analysts recently issued reports on OZK shares. Brean Capital reissued a “buy” rating and issued a $54.00 target price on shares of Bank Ozk in a research report on Friday, October 19th. They noted that the move was a valuation call. Sandler O’Neill cut Bank Ozk from a “buy” rating to a “hold” rating and set a $29.00 target price for the company. in a research report on Friday, October 19th. Wells Fargo & Co set a $40.00 price objective on Bank Ozk and gave the company a “hold” rating in a research note on Tuesday, October 2nd. Raymond James downgraded Bank Ozk from an “outperform” rating to a “market perform” rating in a research note on Friday, October 19th. Finally, Barclays reduced their price objective on Bank Ozk from $38.00 to $27.00 and set an “underweight” rating for the company in a research note on Monday, October 22nd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $32.63.

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Bank Ozk Company 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.

See Also: Initial Public Offering (IPO)

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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