Bank OZK (NASDAQ:OZK) Shares Sold by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC trimmed its position in Bank OZK (NASDAQ:OZK) by 19.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,268 shares of the company’s stock after selling 1,294 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Bank OZK were worth $240,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sowell Financial Services LLC increased its holdings in Bank OZK by 2.3% in the fourth quarter. Sowell Financial Services LLC now owns 10,573 shares of the company’s stock valued at $527,000 after buying an additional 236 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in Bank OZK by 2.2% during the fourth quarter. Los Angeles Capital Management LLC now owns 11,374 shares of the company’s stock worth $567,000 after purchasing an additional 246 shares during the last quarter. Beacon Pointe Advisors LLC boosted its holdings in Bank OZK by 4.1% in the fourth quarter. Beacon Pointe Advisors LLC now owns 6,247 shares of the company’s stock valued at $311,000 after purchasing an additional 247 shares in the last quarter. Cardinal Capital Management increased its stake in Bank OZK by 1.0% in the fourth quarter. Cardinal Capital Management now owns 30,704 shares of the company’s stock valued at $1,530,000 after purchasing an additional 292 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its holdings in Bank OZK by 4.0% during the third quarter. O Shaughnessy Asset Management LLC now owns 8,075 shares of the company’s stock worth $299,000 after purchasing an additional 307 shares in the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Bank OZK Trading Down 0.5 %

NASDAQ OZK opened at $40.79 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average price of $43.33 and a 200 day moving average price of $44.62. Bank OZK has a 52-week low of $34.76 and a 52-week high of $52.36. The stock has a market capitalization of $4.63 billion, a P/E ratio of 6.83 and a beta of 1.20.

Bank OZK (NASDAQ:OZK) last posted its earnings results on Thursday, April 18th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.07. The firm had revenue of $406.02 million during the quarter, compared to the consensus estimate of $396.81 million. Bank OZK had a net margin of 28.54% and a return on equity of 14.84%. During the same period last year, the firm posted $1.41 EPS. Equities research analysts expect that Bank OZK will post 6.1 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on OZK shares. Stephens restated an “equal weight” rating and issued a $50.00 target price on shares of Bank OZK in a report on Thursday, May 30th. Keefe, Bruyette & Woods boosted their target price on Bank OZK from $45.00 to $47.00 and gave the company a “market perform” rating in a report on Monday, April 22nd. Morgan Stanley reissued an “equal weight” rating and issued a $48.00 target price on shares of Bank OZK in a research report on Monday, April 22nd. Citigroup lowered Bank OZK from a “buy” rating to a “sell” rating and cut their price target for the stock from $57.00 to $37.00 in a research report on Wednesday, May 29th. Finally, Truist Financial reduced their price objective on Bank OZK from $48.00 to $47.00 and set a “hold” rating for the company in a research note on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $46.00.

Bank OZK Company 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.