Virginia Retirement Systems ET AL Has $740,000 Stock Holdings in Bank Ozk (NASDAQ:OZK)

Virginia Retirement Systems ET AL lessened its stake in shares of Bank Ozk (NASDAQ:OZK) by 41.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,600 shares of the company’s stock after selling 17,300 shares during the period. Virginia Retirement Systems ET AL’s holdings in Bank Ozk were worth $740,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in OZK. Gradient Investments LLC acquired a new stake in shares of Bank Ozk in the second quarter worth $46,000. Icon Wealth Partners LLC acquired a new stake in shares of Bank Ozk in the first quarter worth $53,000. Quadrant Capital Group LLC grew its stake in shares of Bank Ozk by 57.0% in the first quarter. Quadrant Capital Group LLC now owns 2,819 shares of the company’s stock worth $76,000 after acquiring an additional 1,024 shares during the last quarter. Osborn Williams & Donohoe LLC bought a new position in Bank Ozk in the first quarter worth $119,000. Finally, Toronto Dominion Bank lifted its position in Bank Ozk by 91.9% in the first quarter. Toronto Dominion Bank now owns 6,944 shares of the company’s stock worth $201,000 after purchasing an additional 3,325 shares during the period. Institutional investors own 83.32% of the company’s stock.

Separately, Stephens set a $34.00 target price on Bank Ozk and gave the stock a “hold” rating in a research report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $32.55.

Shares of NASDAQ:OZK opened at $26.83 on Wednesday. Bank Ozk has a twelve month low of $21.02 and a twelve month high of $41.73. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 0.67 and a beta of 1.84. 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 firm has a fifty day simple moving average of $29.12.

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

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 12th were given a dividend of $0.24 per share. This is a positive change from Bank Ozk’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend was Thursday, July 11th. Bank Ozk’s payout ratio is presently 29.63%.

Bank Ozk 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.

Further Reading: Quiet Period

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

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