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.
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.
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.
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