California Public Employees Retirement System Buys 27,840 Shares of Bank Ozk (OZK)

California Public Employees Retirement System lifted its stake in shares of Bank Ozk (NASDAQ:OZK) by 13.9% during the 4th quarter, Holdings Channel reports. The firm owned 228,405 shares of the company’s stock after purchasing an additional 27,840 shares during the quarter. California Public Employees Retirement System’s holdings in Bank Ozk were worth $5,214,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Bank of Montreal Can acquired a new position in Bank Ozk in the third quarter valued at about $434,000. State Board of Administration of Florida Retirement System acquired a new position in Bank Ozk in the third quarter valued at about $3,815,000. US Bancorp DE acquired a new position in Bank Ozk in the third quarter valued at about $224,000. Victory Capital Management Inc. acquired a new position in Bank Ozk in the third quarter valued at about $4,789,000. Finally, Comerica Bank acquired a new position in Bank Ozk in the third quarter valued at about $2,035,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Bank Ozk stock opened at $31.25 on Friday. Bank Ozk has a 12-month low of $21.02 and a 12-month high of $52.98. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 9.65, a price-to-earnings-growth ratio of 0.74 and a beta of 1.94.

Bank Ozk (NASDAQ:OZK) last released its earnings results on Thursday, January 17th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.06. Bank Ozk had a return on equity of 11.45% and a net margin of 34.51%. The firm had revenue of $255.94 million for the quarter, compared to analysts’ expectations of $246.08 million. As a group, equities analysts anticipate that Bank Ozk will post 3.46 earnings per share for the current fiscal year.

A number of research analysts recently commented on the company. Zacks Investment Research downgraded Bank Ozk from a “hold” rating to a “strong sell” rating in a research note on Friday, January 11th. Brean Capital reaffirmed a “buy” rating on shares of Bank Ozk in a research note on Tuesday, February 26th. Piper Jaffray Companies downgraded Bank Ozk from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $52.00 to $31.00 in a research note on Tuesday, December 4th. SunTrust Banks boosted their price target on Bank Ozk to $35.00 and gave the company a “hold” rating in a research note on Tuesday, January 22nd. Finally, Barclays raised Bank Ozk from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $27.00 to $28.00 in a research note on Thursday, January 10th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. Bank Ozk has an average rating of “Hold” and an average price target of $31.82.

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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.

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

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