Utah Retirement Systems Acquires Shares of 22,486 Bank Ozk (OZK)

Utah Retirement Systems acquired a new stake in shares of Bank Ozk (NASDAQ:OZK) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 22,486 shares of the company’s stock, valued at approximately $853,000.

Other large investors have also recently added to or reduced their stakes in the company. First Republic Investment Management Inc. purchased a new position in shares of Bank Ozk in the third quarter worth approximately $797,000. Riverhead Capital Management LLC purchased a new position in Bank Ozk during the third quarter valued at approximately $588,000. Sirios Capital Management L P purchased a new position in Bank Ozk during the third quarter valued at approximately $5,918,000. Mutual of America Capital Management LLC purchased a new position in Bank Ozk during the third quarter valued at approximately $3,967,000. Finally, Columbia Partners L.L.C. Investment Management purchased a new position in Bank Ozk during the third quarter valued at approximately $2,453,000. Institutional investors and hedge funds own 88.14% of the company’s stock.

Shares of NASDAQ:OZK opened at $23.79 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.09. Bank Ozk has a 1-year low of $23.35 and a 1-year high of $53.70. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 0.64 and a beta of 1.46.

Bank Ozk (NASDAQ:OZK) last issued its quarterly earnings results 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). Bank Ozk had a net margin of 38.37% and a return on equity of 11.17%. The firm had revenue of $244.74 million for the quarter, compared to analysts’ expectations of $258.05 million. During the same period in the prior year, the firm earned $0.75 EPS. On average, equities research analysts predict that Bank Ozk will post 3.18 EPS for the current fiscal year.

OZK has been the topic of several analyst reports. Brean Capital reaffirmed a “buy” rating and set a $54.00 price target on shares of Bank Ozk in a report on Friday, October 19th. They noted that the move was a valuation call. Sandler O’Neill downgraded shares of Bank Ozk from a “buy” rating to a “hold” rating and set a $29.00 price target on the stock. in a report on Friday, October 19th. Wells Fargo & Co set a $40.00 price target on shares of Bank Ozk and gave the company a “hold” rating in a report on Tuesday, October 2nd. Raymond James downgraded shares of Bank Ozk from an “outperform” rating to a “market perform” rating in a report on Friday, October 19th. Finally, Barclays lowered their price target on shares of Bank Ozk from $38.00 to $27.00 and set an “underweight” rating on the stock in a report on Monday, October 22nd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Bank Ozk has an average rating of “Hold” and a consensus price target of $32.44.

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

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