Systematic Financial Management LP Invests $1.28 Million in Bank Ozk (OZK)
Systematic Financial Management LP acquired a new stake in shares of Bank Ozk (NASDAQ:OZK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 33,825 shares of the company’s stock, valued at approximately $1,284,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. bought a new position in shares of Bank Ozk in the 3rd quarter valued at about $120,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Bank Ozk in the 3rd quarter valued at about $199,000. ING Groep NV bought a new position in shares of Bank Ozk in the 3rd quarter valued at about $223,000. US Bancorp DE bought a new position in shares of Bank Ozk in the 3rd quarter valued at about $224,000. Finally, Palouse Capital Management Inc. bought a new position in shares of Bank Ozk in the 3rd quarter valued at about $229,000. 89.03% of the stock is owned by institutional investors and hedge funds.
Several analysts have issued reports on OZK shares. Zacks Investment Research downgraded shares of Bank Ozk from a “hold” rating to a “sell” rating in a research note on Tuesday, September 11th. Brean Capital reissued a “buy” rating on shares of Bank Ozk in a research note on Monday, October 29th. Barclays decreased their price objective on shares of Bank Ozk from $38.00 to $27.00 and set an “underweight” rating for the company in a research note on Monday, October 22nd. ValuEngine downgraded shares of Bank Ozk from a “sell” rating to a “strong sell” rating in a research note on Thursday, September 13th. Finally, Stephens reissued a “hold” rating and issued a $48.00 price objective on shares of Bank Ozk in a research note on Thursday, October 18th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $32.63.
Bank Ozk (NASDAQ:OZK) last announced its quarterly earnings data on Thursday, October 18th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.32). The firm had revenue of $244.74 million during the quarter, compared to the consensus estimate of $258.05 million. Bank Ozk had a return on equity of 11.17% and a net margin of 38.37%. During the same period in the previous year, the business earned $0.75 EPS. On average, sell-side analysts predict that Bank Ozk will post 3.18 earnings per share for the current fiscal year.
About Bank Ozk
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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