Giverny Capital Inc. Purchases 22,680 Shares of Bank Ozk (NASDAQ:OZK)

Giverny Capital Inc. increased its position in shares of Bank Ozk (NASDAQ:OZK) by 3.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 694,672 shares of the company’s stock after acquiring an additional 22,680 shares during the period. Bank Ozk comprises approximately 2.3% of Giverny Capital Inc.’s portfolio, making the stock its 18th biggest holding. Giverny Capital Inc.’s holdings in Bank Ozk were worth $20,132,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in OZK. Vanguard Group Inc acquired a new stake in shares of Bank Ozk during the third quarter valued at $445,842,000. Bank of Montreal Can boosted its stake in shares of Bank Ozk by 24.6% during the fourth quarter. Bank of Montreal Can now owns 14,278 shares of the company’s stock valued at $326,000 after acquiring an additional 2,820 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Bank Ozk by 18.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 16,912 shares of the company’s stock valued at $386,000 after acquiring an additional 2,660 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Bank Ozk by 28.0% during the fourth quarter. Rhumbline Advisers now owns 343,816 shares of the company’s stock valued at $7,849,000 after acquiring an additional 75,252 shares during the last quarter. Finally, M&T Bank Corp boosted its stake in shares of Bank Ozk by 69.8% during the fourth quarter. M&T Bank Corp now owns 15,399 shares of the company’s stock valued at $350,000 after acquiring an additional 6,331 shares during the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.

A number of analysts recently commented on OZK shares. Stephens set a $36.00 price objective on Bank Ozk and gave the company a “hold” rating in a research note on Monday, April 22nd. Brean Capital reaffirmed a “buy” rating on shares of Bank Ozk in a research note on Tuesday, February 26th. Finally, Zacks Investment Research lowered Bank Ozk from a “buy” rating to a “hold” rating in a research note on Friday, April 5th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $32.73.

NASDAQ OZK traded down $0.05 during trading hours on Friday, hitting $30.47. 625,279 shares of the company’s stock were exchanged, compared to its average volume of 575,142. Bank Ozk has a 12-month low of $21.02 and a 12-month high of $48.51. The company has a market capitalization of $3.93 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 0.73 and a beta of 1.94. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.09.

Bank Ozk (NASDAQ:OZK) last released its earnings results on Wednesday, April 17th. The company reported $0.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.01. Bank Ozk had a return on equity of 11.11% and a net margin of 33.40%. The firm had revenue of $249.96 million for the quarter, compared to the consensus estimate of $251.88 million. During the same period in the prior year, the business posted $0.88 earnings per share. Equities analysts predict that Bank Ozk will post 3.49 EPS for the current year.

WARNING: This report was first reported by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another website, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this report can be accessed at https://www.com-unik.info/2019/06/16/giverny-capital-inc-purchases-22680-shares-of-bank-ozk-nasdaqozk.html.

Bank Ozk Profile

Bank OZK provides 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.

Recommended Story: Google Finance Portfolio Tips and Tricks

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)

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.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit