Pacer Advisors Inc. Buys Shares of 20,358 Bank OZK $OZK

Pacer Advisors Inc. purchased a new position in shares of Bank OZK (NASDAQ:OZK) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 20,358 shares of the company’s stock, valued at approximately $1,038,000.

A number of other institutional investors also recently made changes to their positions in OZK. Truist Financial Corp increased its position in shares of Bank OZK by 7.1% during the 2nd quarter. Truist Financial Corp now owns 16,494 shares of the company’s stock valued at $776,000 after purchasing an additional 1,088 shares during the period. Nomura Holdings Inc. lifted its holdings in shares of Bank OZK by 160.6% in the second quarter. Nomura Holdings Inc. now owns 107,000 shares of the company’s stock valued at $5,035,000 after buying an additional 65,946 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Bank OZK by 57.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 694,956 shares of the company’s stock valued at $32,705,000 after buying an additional 253,001 shares in the last quarter. American Century Companies Inc. boosted its stake in Bank OZK by 9.4% during the second quarter. American Century Companies Inc. now owns 2,631,607 shares of the company’s stock valued at $123,843,000 after buying an additional 226,315 shares in the last quarter. Finally, Twin Lions Management LLC grew its holdings in Bank OZK by 23.1% during the second quarter. Twin Lions Management LLC now owns 340,330 shares of the company’s stock worth $16,016,000 after acquiring an additional 63,800 shares during the period. 86.18% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. TD Cowen started coverage on shares of Bank OZK in a report on Thursday, September 25th. They issued a “buy” rating and a $67.00 price target for the company. UBS Group dropped their target price on shares of Bank OZK from $57.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, October 28th. Zacks Research cut shares of Bank OZK from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. National Bankshares set a $67.00 target price on shares of Bank OZK in a report on Wednesday, September 24th. Finally, Wells Fargo & Company upped their price target on Bank OZK from $49.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, September 29th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $58.75.

Bank OZK Stock Performance

Shares of OZK opened at $46.02 on Friday. The company has a 50-day moving average of $45.94 and a two-hundred day moving average of $48.69. The stock has a market cap of $5.15 billion, a price-to-earnings ratio of 7.42 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.03. Bank OZK has a one year low of $35.71 and a one year high of $53.66.

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

Bank OZK Profile

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.