33,100 Shares in Bank Ozk (OZK) Acquired by Louisiana State Employees Retirement System
Louisiana State Employees Retirement System bought a new position in shares of Bank Ozk (NASDAQ:OZK) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 33,100 shares of the company’s stock, valued at approximately $1,256,000.
Several other large investors also recently bought and sold shares of the business. BKD Wealth Advisors LLC purchased a new stake in shares of Bank Ozk during the third quarter worth $304,000. Raymond James Trust N.A. purchased a new stake in shares of Bank Ozk during the third quarter worth $382,000. Bank of Montreal Can purchased a new stake in shares of Bank Ozk during the third quarter worth $434,000. State of Alaska Department of Revenue purchased a new stake in shares of Bank Ozk during the third quarter worth $479,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Bank Ozk during the second quarter worth $1,932,000. Hedge funds and other institutional investors own 87.06% of the company’s stock.
Shares of OZK stock opened at $36.43 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.10. Bank Ozk has a 52-week low of $34.62 and a 52-week high of $53.70. The firm has a market capitalization of $4.87 billion, a P/E ratio of 12.31, a price-to-earnings-growth ratio of 0.87 and a beta of 1.20.
A number of equities research analysts recently issued reports on OZK shares. Zacks Investment Research downgraded Bank Ozk from a “hold” rating to a “sell” rating in a research report on Friday, October 5th. ValuEngine downgraded Bank Ozk from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 28th. Morgan Stanley lowered their price objective on Bank Ozk from $56.00 to $52.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 18th. Brean Capital reiterated a “buy” rating on shares of Bank Ozk in a research report on Monday, August 27th. Finally, Wells Fargo & Co set a $40.00 price objective on Bank Ozk and gave the stock a “hold” rating in a research report on Tuesday, October 2nd. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Bank Ozk has a consensus rating of “Hold” and an average target price of $48.50.
Bank Ozk Profile
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.
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