Giverny Capital Inc. Grows Stake in Bank Ozk (NASDAQ:OZK)
Giverny Capital Inc. grew its holdings in Bank Ozk (NASDAQ:OZK) by 5.2% during the second quarter, HoldingsChannel reports. The fund owned 730,979 shares of the company’s stock after purchasing an additional 36,307 shares during the period. Bank Ozk accounts for about 2.2% of Giverny Capital Inc.’s investment portfolio, making the stock its 20th biggest holding. Giverny Capital Inc.’s holdings in Bank Ozk were worth $21,995,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. boosted its position in shares of Bank Ozk by 152.5% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,010 shares of the company’s stock valued at $30,000 after purchasing an additional 610 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Bank Ozk in the 2nd quarter valued at about $30,000. Berman Capital Advisors LLC boosted its position 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 period. Gradient Investments LLC acquired a new stake in shares of Bank Ozk in the 2nd quarter valued at about $46,000. Finally, Icon Wealth Partners LLC acquired a new stake in shares of Bank Ozk in the 1st quarter valued at about $53,000. Institutional investors and hedge funds own 83.36% of the company’s stock.
Bank Ozk stock traded up $0.23 during mid-day trading on Friday, reaching $28.78. 43,843 shares of the company were exchanged, compared to its average volume of 772,938. Bank Ozk has a twelve month low of $21.02 and a twelve month high of $40.51. The firm’s 50-day simple moving average is $27.09 and its two-hundred day simple moving average is $29.82. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $3.60 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 0.69 and a beta of 1.89.
Separately, Stephens set a $34.00 target price on Bank Ozk and gave the company a “hold” rating in a research report on Thursday, July 11th. One 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 stock currently has a consensus rating of “Hold” and an average price target of $32.55.
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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