Tyers Asset Management LLC Has $579,000 Stock Holdings in Bank Ozk (NASDAQ:OZK)

Tyers Asset Management LLC cut its holdings in Bank Ozk (NASDAQ:OZK) by 11.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 19,228 shares of the company’s stock after selling 2,398 shares during the quarter. Tyers Asset Management LLC’s holdings in Bank Ozk were worth $579,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of OZK. Cullen Frost Bankers Inc. boosted its position in Bank Ozk by 152.5% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,010 shares of the company’s stock worth $30,000 after acquiring an additional 610 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Bank Ozk during the 2nd quarter worth approximately $30,000. Berman Capital Advisors LLC raised its stake in shares of Bank Ozk by 53.8% during the 2nd quarter. Berman Capital Advisors LLC now owns 1,223 shares of the company’s stock worth $36,000 after purchasing an additional 428 shares in the last quarter. Gradient Investments LLC bought a new stake in shares of Bank Ozk during the 2nd quarter worth approximately $46,000. Finally, Icon Wealth Partners LLC bought a new stake in shares of Bank Ozk during the 1st quarter worth approximately $53,000. Institutional investors and hedge funds own 83.36% of the company’s stock.

OZK traded up $0.32 during trading hours on Friday, reaching $28.87. The company’s stock had a trading volume of 50,578 shares, compared to its average volume of 772,938. Bank Ozk has a 52 week low of $21.02 and a 52 week high of $40.51. The company’s 50-day moving average is $27.09 and its 200-day moving average is $29.82. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $3.60 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 0.69 and a beta of 1.89.

Bank Ozk (NASDAQ:OZK) last posted its quarterly earnings results on Thursday, July 18th. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). Bank Ozk had a net margin of 32.47% and a return on equity of 10.72%. The business had revenue of $251.14 million during the quarter, compared to the consensus estimate of $253.45 million. Equities analysts anticipate that Bank Ozk will post 3.36 earnings per share for the current fiscal year.

Separately, Stephens set a $34.00 price target on Bank Ozk and gave the company a “hold” rating in a research note on Thursday, July 11th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $32.55.

About Bank Ozk

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

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