Park Avenue Securities LLC Invests $422,000 in Bank OZK $OZK

Park Avenue Securities LLC acquired a new stake in shares of Bank OZK (NASDAQ:OZK) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 8,959 shares of the company’s stock, valued at approximately $422,000.

Other institutional investors have also recently made changes to their positions in the company. Nuveen LLC purchased a new stake in Bank OZK during the 1st quarter worth approximately $14,197,000. Earnest Partners LLC acquired a new stake in shares of Bank OZK during the first quarter worth $12,696,000. Lord Abbett & CO. LLC purchased a new stake in shares of Bank OZK during the first quarter valued at $11,297,000. GAMMA Investing LLC increased its position in shares of Bank OZK by 5,021.2% in the 1st quarter. GAMMA Investing LLC now owns 243,668 shares of the company’s stock valued at $10,587,000 after acquiring an additional 238,910 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Bank OZK by 10.5% in the 1st quarter. American Century Companies Inc. now owns 2,405,292 shares of the company’s stock valued at $104,510,000 after acquiring an additional 228,295 shares during the period. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Stock Down 1.5%

OZK opened at $51.21 on Tuesday. Bank OZK has a fifty-two week low of $35.71 and a fifty-two week high of $53.66. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.04 and a current ratio of 1.04. The company has a fifty day moving average of $51.05 and a two-hundred day moving average of $47.08. The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of 8.31 and a beta of 0.92.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings data on Thursday, July 17th. The company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.07. Bank OZK had a net margin of 25.83% and a return on equity of 13.24%. The company had revenue of $428.04 million during the quarter, compared to analysts’ expectations of $423.41 million. During the same quarter in the previous year, the company earned $1.52 earnings per share. On average, research analysts expect that Bank OZK will post 6.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on OZK. Raymond James Financial raised Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 price target for the company in a research report on Tuesday, July 8th. Stephens raised Bank OZK from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $58.00 to $65.00 in a report on Wednesday, August 20th. Wells Fargo & Company upped their target price on Bank OZK from $49.00 to $50.00 and gave the company an “equal weight” rating in a research report on Monday. TD Cowen initiated coverage on shares of Bank OZK in a research report on Thursday, September 25th. They set a “buy” rating and a $67.00 price target for the company. Finally, National Bankshares set a $67.00 price objective on shares of Bank OZK in a report on Wednesday, September 24th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $57.80.

Bank OZK Profile

Bank OZK provides various retail and commercial banking services for individuals and businesses in the United States. The company offers deposit services, including non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time and reciprocal deposits.