Hsbc Holdings PLC Raises Position in Bank Ozk (OZK)

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Hsbc Holdings PLC increased its stake in shares of Bank Ozk (NASDAQ:OZK) by 498.6% in the fourth quarter, Holdings Channel reports. The fund owned 47,968 shares of the company’s stock after purchasing an additional 39,955 shares during the period. Hsbc Holdings PLC’s holdings in Bank Ozk were worth $1,095,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of OZK. JOYN Advisors Inc. lifted its holdings in shares of Bank Ozk by 389.8% in the 4th quarter. JOYN Advisors Inc. now owns 2,542 shares of the company’s stock worth $58,000 after acquiring an additional 2,023 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Bank Ozk by 6.9% in the 4th quarter. Great West Life Assurance Co. Can now owns 75,744 shares of the company’s stock worth $1,604,000 after acquiring an additional 4,894 shares during the last quarter. HAP Trading LLC bought a new stake in shares of Bank Ozk in the 4th quarter worth about $1,126,000. Northern Trust Corp lifted its holdings in shares of Bank Ozk by 0.6% in the 4th quarter. Northern Trust Corp now owns 928,449 shares of the company’s stock worth $21,198,000 after acquiring an additional 5,995 shares during the last quarter. Finally, AlphaOne Investment Services LLC bought a new stake in shares of Bank Ozk in the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 87.97% of the company’s stock.

Several equities research analysts have recently issued reports on OZK shares. Piper Jaffray Companies lowered shares of Bank Ozk from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $52.00 to $31.00 in a report on Tuesday, December 4th. Brean Capital restated a “buy” rating on shares of Bank Ozk in a report on Monday, March 18th. Barclays raised their target price on shares of Bank Ozk from $28.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, January 22nd. Stephens restated a “hold” rating and issued a $26.00 target price on shares of Bank Ozk in a report on Thursday, January 17th. Finally, Morgan Stanley lowered their target price on shares of Bank Ozk from $32.00 to $29.00 and set an “equal weight” rating for the company in a report on Tuesday, December 11th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $31.82.

OZK stock opened at $27.79 on Friday. The stock has a market capitalization of $3.77 billion, a P/E ratio of 9.07, a P/E/G ratio of 0.71 and a beta of 1.94. Bank Ozk has a 12 month low of $21.02 and a 12 month high of $50.39. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.12.

Bank Ozk (NASDAQ:OZK) last posted its quarterly earnings results on Thursday, January 17th. The company reported $0.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.06. The company had revenue of $255.94 million for the quarter, compared to the consensus estimate of $246.08 million. Bank Ozk had a net margin of 34.51% and a return on equity of 11.45%. On average, equities research analysts expect that Bank Ozk will post 3.46 EPS for the current fiscal year.

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About Bank Ozk

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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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)

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