DekaBank Deutsche Girozentrale bought a new position in shares of Bank Ozk (NASDAQ:OZK) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,100 shares of the company’s stock, valued at approximately $930,000.

A number of other institutional investors also recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. purchased a new stake in Bank Ozk during the third quarter worth $120,000. Twin Tree Management LP purchased a new stake in shares of Bank Ozk during the 3rd quarter valued at $141,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Bank Ozk during the 3rd quarter valued at $199,000. US Bancorp DE purchased a new stake in shares of Bank Ozk during the 3rd quarter valued at $224,000. Finally, ING Groep NV purchased a new stake in shares of Bank Ozk during the 3rd quarter valued at $223,000. Institutional investors own 88.14% of the company’s stock.

NASDAQ OZK opened at $24.36 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.95 and a current ratio of 0.95. Bank Ozk has a 1 year low of $23.35 and a 1 year high of $53.70. The firm has a market capitalization of $3.10 billion, a P/E ratio of 8.23, a PEG ratio of 0.63 and a beta of 1.46.

Bank Ozk (NASDAQ:OZK) last released its earnings results on Thursday, October 18th. The company reported $0.58 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $258.05 million. During the same period in the previous year, the company earned $0.75 earnings per share. On average, analysts expect that Bank Ozk will post 3.18 earnings per share for the current fiscal year.

Several analysts have recently commented on OZK shares. Brean Capital reiterated a “buy” rating and set a $54.00 price objective on shares of Bank Ozk in a report on Friday, October 19th. They noted that the move was a valuation call. Sandler O’Neill lowered Bank Ozk from a “buy” rating to a “hold” rating and set a $29.00 price objective for the company. in a 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 report on Tuesday, October 2nd. Raymond James lowered Bank Ozk from an “outperform” rating to a “market perform” rating in a report on Friday, October 19th. Finally, Barclays decreased their price objective on Bank Ozk from $38.00 to $27.00 and set an “underweight” rating for the company in a report on Monday, October 22nd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price 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.

Further Reading: Debt-To-Equity Ratio

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

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