Short Interest in Bank Ozk (NASDAQ:OZK) Grows By 18.9%

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Bank Ozk (NASDAQ:OZK) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 6,660,000 shares, an increase of 18.9% from the September 30th total of 5,600,000 shares. Based on an average daily volume of 914,000 shares, the short-interest ratio is currently 7.3 days. Approximately 5.5% of the company’s stock are short sold.

OZK stock traded down $0.11 during mid-day trading on Tuesday, hitting $29.61. 511,700 shares of the company were exchanged, compared to its average volume of 1,017,326. The company has a market capitalization of $3.83 billion, a PE ratio of 9.14, a price-to-earnings-growth ratio of 0.75 and a beta of 1.88. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.16. Bank Ozk has a twelve month low of $21.02 and a twelve month high of $34.34. The firm has a fifty day simple moving average of $28.14 and a 200 day simple moving average of $29.02.

Bank Ozk (NASDAQ:OZK) last announced its quarterly earnings data on Thursday, October 17th. The company reported $0.81 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.01). The company had revenue of $245.23 million for the quarter, compared to analyst estimates of $250.11 million. Bank Ozk had a return on equity of 11.19% and a net margin of 34.43%. During the same period in the prior year, the business earned $0.58 earnings per share. As a group, sell-side analysts anticipate that Bank Ozk will post 3.31 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 11th were issued a dividend of $0.25 per share. This is a positive change from Bank Ozk’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 3.38%. The ex-dividend date was Thursday, October 10th. Bank Ozk’s dividend payout ratio (DPR) is currently 30.86%.

A number of research firms recently weighed in on OZK. Stephens set a $31.00 price target on shares of Bank Ozk and gave the company a “hold” rating in a report on Thursday, October 17th. Morgan Stanley lowered their price target on shares of Bank Ozk from $32.00 to $31.00 and set an “equal weight” rating for the company in a report on Tuesday, October 22nd. Finally, ValuEngine lowered shares of Bank Ozk from a “sell” rating to a “strong sell” rating in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $33.86.

Hedge funds have recently made changes to their positions in the business. Amundi Pioneer Asset Management Inc. grew its holdings in Bank Ozk by 58.8% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 16,994 shares of the company’s stock worth $511,000 after acquiring an additional 6,294 shares in the last quarter. Aldebaran Financial Inc. lifted its position in shares of Bank Ozk by 12.4% in the 2nd quarter. Aldebaran Financial Inc. now owns 36,300 shares of the company’s stock worth $1,092,000 after buying an additional 4,000 shares during the last quarter. Nuveen Asset Management LLC bought a new position in shares of Bank Ozk in the 2nd quarter worth about $15,304,000. BNP Paribas Arbitrage SA lifted its position in shares of Bank Ozk by 1,006.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,567 shares of the company’s stock worth $77,000 after buying an additional 2,335 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Bank Ozk by 17.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 148,384 shares of the company’s stock worth $4,465,000 after buying an additional 22,132 shares during the last quarter. 83.21% of the stock is owned by institutional investors.

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.

Further Reading: Death Cross

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