JARISLOWSKY FRASER Ltd Sells 143,928 Shares of Bank OZK $OZK

JARISLOWSKY FRASER Ltd trimmed its position in shares of Bank OZK (NASDAQ:OZK) by 8.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,658,271 shares of the company’s stock after selling 143,928 shares during the quarter. JARISLOWSKY FRASER Ltd’s holdings in Bank OZK were worth $84,539,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in OZK. Vident Advisory LLC bought a new position in shares of Bank OZK during the first quarter valued at approximately $344,000. Baird Financial Group Inc. grew its position in Bank OZK by 119.3% in the 1st quarter. Baird Financial Group Inc. now owns 46,080 shares of the company’s stock valued at $2,002,000 after acquiring an additional 25,067 shares during the last quarter. Quarry LP bought a new stake in shares of Bank OZK during the first quarter worth $79,000. Royal Bank of Canada boosted its stake in shares of Bank OZK by 37.8% during the first quarter. Royal Bank of Canada now owns 41,257 shares of the company’s stock valued at $1,792,000 after purchasing an additional 11,310 shares during the period. Finally, Amundi grew its holdings in shares of Bank OZK by 134.9% in the first quarter. Amundi now owns 368,459 shares of the company’s stock worth $16,010,000 after purchasing an additional 211,575 shares during the last quarter. Institutional investors own 86.18% of the company’s stock.

Analyst Upgrades and Downgrades

OZK has been the subject of several research reports. TD Cowen began coverage on shares of Bank OZK in a research report on Thursday, September 25th. They issued a “buy” rating and a $67.00 price objective for the company. Wells Fargo & Company lifted their price target on shares of Bank OZK from $49.00 to $50.00 and gave the stock an “equal weight” rating in a report on Monday, September 29th. UBS Group decreased their price objective on Bank OZK from $57.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, October 28th. Wall Street Zen raised shares of Bank OZK from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Cowen reaffirmed a “buy” rating on shares of Bank OZK in a research note on Tuesday, October 21st. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Bank OZK currently has a consensus rating of “Hold” and a consensus target price of $58.75.

Bank OZK Price Performance

OZK stock opened at $47.04 on Friday. The business’s fifty day moving average price is $45.97 and its 200 day moving average price is $48.70. Bank OZK has a 12-month low of $35.71 and a 12-month high of $53.66. The company has a market capitalization of $5.26 billion, a PE ratio of 7.59 and a beta of 0.92. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.13.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Thursday, October 16th. The company reported $1.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by ($0.07). The business had revenue of $449.94 million for the quarter, compared to analyst estimates of $447.93 million. Bank OZK had a return on equity of 13.00% and a net margin of 25.81%.During the same period in the prior year, the company posted $1.55 EPS. On average, sell-side analysts anticipate that Bank OZK will post 6.02 EPS for the current year.

About Bank OZK

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank’s core operations focus on commercial real estate lending, including acquisition, development and construction financing.