Neo Ivy Capital Management Cuts Stake in Bank Ozk (NASDAQ:OZK)

Neo Ivy Capital Management reduced its stake in shares of Bank Ozk (NASDAQ:OZK) by 13.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 43,084 shares of the company’s stock after selling 6,572 shares during the period. Neo Ivy Capital Management’s holdings in Bank Ozk were worth $1,296,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in OZK. Dimensional Fund Advisors LP raised its holdings in Bank Ozk by 49.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,833,994 shares of the company’s stock valued at $64,699,000 after buying an additional 932,303 shares during the period. Geode Capital Management LLC raised its holdings in Bank Ozk by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 1,333,823 shares of the company’s stock valued at $30,451,000 after buying an additional 4,086 shares during the period. Bank of Montreal Can raised its holdings in Bank Ozk by 30.1% in the first quarter. Bank of Montreal Can now owns 18,577 shares of the company’s stock valued at $538,000 after buying an additional 4,299 shares during the period. State Board of Administration of Florida Retirement System raised its holdings in Bank Ozk by 15.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 116,205 shares of the company’s stock valued at $3,368,000 after buying an additional 15,710 shares during the period. Finally, Toronto Dominion Bank raised its holdings in Bank Ozk by 91.9% in 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 period. Institutional investors and hedge funds own 83.32% of the company’s stock.

Separately, Stephens set a $34.00 price target on shares of Bank Ozk and gave the company a “hold” rating in a report on Thursday, July 11th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $32.55.

Shares of OZK traded down $0.52 during mid-day trading on Friday, reaching $27.20. 1,172,379 shares of the stock traded hands, compared to its average volume of 771,432. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 8.40, a P/E/G ratio of 0.69 and a beta of 1.89. The stock has a fifty day simple moving average of $26.68 and a 200 day simple moving average of $29.62. Bank Ozk has a 12-month low of $21.02 and a 12-month high of $40.50. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.14.

Bank Ozk (NASDAQ:OZK) last posted its quarterly earnings data on Thursday, July 18th. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). The firm had revenue of $251.14 million for the quarter, compared to analysts’ expectations of $253.45 million. Bank Ozk had a net margin of 32.47% and a return on equity of 10.72%. On average, equities research analysts expect that Bank Ozk will post 3.36 earnings per share for the current fiscal year.

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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