Nisa Investment Advisors LLC Grows Stake in Bank Ozk (NASDAQ:OZK)

Nisa Investment Advisors LLC raised its stake in Bank Ozk (NASDAQ:OZK) by 33.3% during the second quarter, HoldingsChannel reports. The fund owned 72,240 shares of the company’s stock after buying an additional 18,040 shares during the period. Nisa Investment Advisors LLC’s holdings in Bank Ozk were worth $2,174,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Icon Wealth Partners LLC purchased a new stake in shares of Bank Ozk during the first quarter valued at $53,000. Quadrant Capital Group LLC boosted its position in shares of Bank Ozk by 57.0% during the first quarter. Quadrant Capital Group LLC now owns 2,819 shares of the company’s stock valued at $76,000 after buying an additional 1,024 shares during the last quarter. Osborn Williams & Donohoe LLC purchased a new stake in shares of Bank Ozk during the first quarter valued at $119,000. Toronto Dominion Bank boosted its position in shares of Bank Ozk by 91.9% during the first quarter. Toronto Dominion Bank now owns 6,944 shares of the company’s stock valued at $201,000 after buying an additional 3,325 shares during the last quarter. Finally, Sabal Trust CO purchased a new stake in shares of Bank Ozk during the first quarter valued at $210,000. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

OZK stock traded down $0.81 during trading on Friday, reaching $27.94. The stock had a trading volume of 11,343 shares, compared to its average volume of 897,770. Bank Ozk has a 52 week low of $21.02 and a 52 week high of $41.73. The firm’s 50 day moving average is $29.68. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.99. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 8.64, a PEG ratio of 0.76 and a beta of 1.85.

Bank Ozk (NASDAQ:OZK) last posted its earnings results on Thursday, July 18th. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). Bank Ozk had a net margin of 32.47% and a return on equity of 10.72%. The firm had revenue of $251.14 million during the quarter, compared to the consensus estimate of $253.45 million. Research analysts predict that Bank Ozk will post 3.37 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 12th were issued a $0.24 dividend. This is an increase from Bank Ozk’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $0.96 dividend on an annualized basis and a yield of 3.44%. Bank Ozk’s dividend payout ratio is currently 29.63%.

Several equities research analysts recently commented on OZK shares. Zacks Investment Research cut Bank Ozk from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Stephens set a $34.00 price objective on Bank Ozk and gave the company a “hold” rating in a research report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $32.55.

Bank Ozk Company Profile

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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Institutional Ownership by Quarter for Bank Ozk (NASDAQ:OZK)

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