244,603 Shares in Bank OZK (NASDAQ:OZK) Purchased by Point72 Asset Management L.P.

Point72 Asset Management L.P. acquired a new position in Bank OZK (NASDAQ:OZK) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 244,603 shares of the company’s stock, valued at approximately $10,029,000. Point72 Asset Management L.P. owned about 0.22% of Bank OZK at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of OZK. TFO Wealth Partners LLC raised its stake in shares of Bank OZK by 89,380.0% during the fourth quarter. TFO Wealth Partners LLC now owns 4,474 shares of the company’s stock valued at $223,000 after acquiring an additional 4,469 shares in the last quarter. Campbell & CO Investment Adviser LLC lifted its holdings in Bank OZK by 43.3% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 20,707 shares of the company’s stock worth $1,032,000 after buying an additional 6,258 shares during the period. First Trust Advisors LP boosted its position in Bank OZK by 4.2% during the 4th quarter. First Trust Advisors LP now owns 1,279,876 shares of the company’s stock valued at $63,776,000 after acquiring an additional 51,379 shares in the last quarter. Pinebridge Investments L.P. increased its holdings in shares of Bank OZK by 77.3% in the 4th quarter. Pinebridge Investments L.P. now owns 188,600 shares of the company’s stock valued at $9,397,000 after acquiring an additional 82,233 shares during the period. Finally, Epoch Investment Partners Inc. purchased a new stake in shares of Bank OZK during the 4th quarter worth $10,624,000. Institutional investors own 86.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Morgan Stanley increased their price target on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Wells Fargo & Company lowered their price objective on Bank OZK from $39.00 to $35.00 and set an “underweight” rating for the company in a research report on Thursday, June 6th. Truist Financial decreased their price target on Bank OZK from $49.00 to $48.00 and set a “hold” rating for the company in a research note on Friday, September 20th. Raymond James downgraded shares of Bank OZK from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 17th. Finally, Stephens restated an “equal weight” rating and set a $50.00 price target on shares of Bank OZK in a research note on Thursday, July 18th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $46.57.

Bank OZK Stock Up 2.3 %

Shares of OZK stock opened at $42.99 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17. Bank OZK has a twelve month low of $34.76 and a twelve month high of $52.36. The stock has a 50 day moving average of $42.50 and a 200 day moving average of $43.09. The stock has a market cap of $4.88 billion, a P/E ratio of 7.20 and a beta of 1.17.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings results on Wednesday, July 17th. The company reported $1.52 EPS for the quarter, meeting the consensus estimate of $1.52. Bank OZK had a net margin of 27.04% and a return on equity of 14.50%. The company had revenue of $416.78 million for the quarter, compared to analyst estimates of $414.39 million. During the same quarter last year, the business earned $1.47 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. As a group, sell-side analysts expect that Bank OZK will post 5.98 EPS for the current year.

Bank OZK Company Profile

Bank OZK provides various retail and commercial banking services for individuals and businesses in the United States. The company offers deposit services, including non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time and reciprocal deposits.