Bank Ozk (NASDAQ:OZK) Short Interest Update

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Bank Ozk (NASDAQ:OZK) saw a large drop in short interest in the month of November. As of November 29th, there was short interest totalling 6,280,000 shares, a drop of 10.5% from the November 14th total of 7,020,000 shares. Based on an average daily volume of 881,600 shares, the days-to-cover ratio is presently 7.1 days. Currently, 5.2% of the shares of the company are sold short.

A number of equities analysts recently commented on the company. Morgan Stanley decreased their target price on Bank Ozk from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 22nd. ValuEngine cut Bank Ozk from a “sell” rating to a “strong sell” rating in a report on Monday, October 21st. Finally, Stephens set a $31.00 target price on Bank Ozk and gave the stock a “hold” rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $34.33.

Bank Ozk stock traded down $0.23 during trading on Friday, reaching $31.25. The company had a trading volume of 483,537 shares, compared to its average volume of 655,834. Bank Ozk has a 52 week low of $21.02 and a 52 week high of $34.34. The firm’s 50-day simple moving average is $29.64 and its 200 day simple moving average is $28.62. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 9.65, a price-to-earnings-growth ratio of 0.80 and a beta of 1.89. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.16.

Bank Ozk (NASDAQ:OZK) last announced its earnings results on Thursday, October 17th. The company reported $0.81 EPS for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.01). Bank Ozk had a return on equity of 11.19% and a net margin of 34.43%. The company had revenue of $245.23 million during the quarter, compared to the consensus estimate of $250.11 million. During the same period in the prior year, the business posted $0.58 earnings per share. On average, analysts predict that Bank Ozk will post 3.29 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of OZK. Commonwealth Equity Services LLC increased its stake in Bank Ozk by 21.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 9,858 shares of the company’s stock worth $296,000 after buying an additional 1,724 shares in the last quarter. Arizona State Retirement System increased its stake in Bank Ozk by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 87,735 shares of the company’s stock worth $2,640,000 after buying an additional 932 shares in the last quarter. SG Americas Securities LLC increased its stake in Bank Ozk by 58.7% in the 2nd quarter. SG Americas Securities LLC now owns 91,895 shares of the company’s stock worth $2,765,000 after buying an additional 33,993 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Bank Ozk by 11.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 31,692 shares of the company’s stock worth $954,000 after buying an additional 3,289 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in 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 in the last quarter. Institutional investors and hedge funds own 82.14% of the company’s stock.

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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