TD Asset Management Inc. lowered its position in Bank Ozk (NASDAQ:OZK) by 3.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,267,442 shares of the company’s stock after selling 43,358 shares during the period. TD Asset Management Inc.’s holdings in Bank Ozk were worth $38,137,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Berman Capital Advisors LLC lifted its stake in shares of Bank Ozk by 53.8% in the 2nd quarter. Berman Capital Advisors LLC now owns 1,223 shares of the company’s stock valued at $36,000 after purchasing an additional 428 shares during the last quarter. Gradient Investments LLC purchased a new stake in shares of Bank Ozk during the 2nd quarter worth approximately $46,000. Icon Wealth Partners LLC purchased a new stake in shares of Bank Ozk during the 1st quarter worth approximately $53,000. BNP Paribas Arbitrage SA raised its holdings in shares of Bank Ozk by 1,006.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,567 shares of the company’s stock worth $77,000 after acquiring an additional 2,335 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in shares of Bank Ozk by 57.0% during the 1st 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 in the last quarter. Institutional investors own 83.32% of the company’s stock.

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

Shares of NASDAQ OZK traded down $0.37 during trading hours on Thursday, hitting $25.27. 21,741 shares of the company traded hands, compared to its average volume of 990,672. The company has a market capitalization of $3.43 billion, a PE ratio of 7.82, a price-to-earnings-growth ratio of 0.66 and a beta of 1.84. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 0.14. The firm’s 50 day moving average is $29.07. Bank Ozk has a 12 month low of $21.02 and a 12 month high of $41.73.

Bank Ozk (NASDAQ:OZK) last released its earnings results on Thursday, July 18th. The company reported $0.86 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.01). The company had revenue of $251.14 million for the quarter, compared to the consensus estimate of $253.45 million. Bank Ozk had a net margin of 32.47% and a return on equity of 10.72%. Sell-side analysts forecast 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. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $0.96 annualized dividend and a dividend yield of 3.80%. This is an increase from Bank Ozk’s previous quarterly dividend of $0.23. Bank Ozk’s payout ratio is currently 29.63%.

Bank Ozk Company 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.

Featured Story: How liquidity affects the bid-ask spread

Want to see what other hedge funds are holding OZK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank Ozk (NASDAQ:OZK).

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

Receive News & Ratings for Bank Ozk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank Ozk and related companies with MarketBeat.com's FREE daily email newsletter.