US Bancorp DE cut its stake in shares of Bank Ozk (NASDAQ:OZK) by 7.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 11,022 shares of the company’s stock after selling 925 shares during the period. US Bancorp DE’s holdings in Bank Ozk were worth $331,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. Cullen Frost Bankers Inc. increased its position in shares of Bank Ozk by 152.5% during the second quarter. Cullen Frost Bankers Inc. now owns 1,010 shares of the company’s stock worth $30,000 after purchasing an additional 610 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Bank Ozk in the 2nd quarter valued at $30,000. Berman Capital Advisors LLC lifted its holdings in Bank Ozk by 53.8% in the 2nd quarter. Berman Capital Advisors LLC now owns 1,223 shares of the company’s stock valued at $36,000 after purchasing an additional 428 shares in the last quarter. Gradient Investments LLC purchased a new position in Bank Ozk in the 2nd quarter valued at $46,000. Finally, BNP Paribas Arbitrage SA boosted its stake in Bank Ozk by 1,006.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,567 shares of the company’s stock worth $77,000 after purchasing an additional 2,335 shares during the last quarter. Institutional investors own 83.32% of the company’s stock.
Shares of Bank Ozk stock traded down $0.87 on Tuesday, hitting $26.40. 62,874 shares of the company were exchanged, compared to its average volume of 809,448. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average price of $26.61 and a 200 day moving average price of $29.42. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 8.20, a price-to-earnings-growth ratio of 0.68 and a beta of 1.89. Bank Ozk has a 1-year low of $21.02 and a 1-year high of $39.25.
Separately, Stephens set a $34.00 target price on shares of Bank Ozk and gave the stock a “hold” rating in a report on Thursday, July 11th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price 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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