Axa S.A. Boosts Stock Holdings in Bank OZK (NASDAQ:OZK)

Axa S.A. lifted its holdings in Bank OZK (NASDAQ:OZK) by 677.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 121,010 shares of the company’s stock after acquiring an additional 105,452 shares during the quarter. Axa S.A.’s holdings in Bank OZK were worth $4,961,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Victory Capital Management Inc. raised its holdings in Bank OZK by 483.9% in the second quarter. Victory Capital Management Inc. now owns 980,358 shares of the company’s stock worth $40,195,000 after purchasing an additional 812,464 shares in the last quarter. Berkley W R Corp bought a new position in shares of Bank OZK during the 2nd quarter worth approximately $24,600,000. Vanguard Group Inc. lifted its position in Bank OZK by 4.4% during the fourth quarter. Vanguard Group Inc. now owns 12,028,779 shares of the company’s stock valued at $599,394,000 after acquiring an additional 502,005 shares during the last quarter. Wellington Management Group LLP boosted its stake in Bank OZK by 18.8% in the fourth quarter. Wellington Management Group LLP now owns 1,897,696 shares of the company’s stock valued at $94,562,000 after acquiring an additional 300,025 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in Bank OZK by 21.9% in the second quarter. American Century Companies Inc. now owns 1,642,293 shares of the company’s stock worth $67,334,000 after purchasing an additional 295,298 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Morgan Stanley raised their price objective on Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. StockNews.com raised Bank OZK from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Wells Fargo & Company cut their price objective on shares of Bank OZK from $39.00 to $35.00 and set an “underweight” rating on the stock in a report on Thursday, June 6th. Raymond James cut shares of Bank OZK from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. Finally, Stephens restated an “equal weight” rating and set a $50.00 price target on shares of Bank OZK in a research note on Thursday, July 18th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, Bank OZK presently has a consensus rating of “Hold” and a consensus price target of $46.57.

Bank OZK Price Performance

Shares of NASDAQ OZK opened at $42.03 on Monday. Bank OZK has a 52 week low of $34.76 and a 52 week high of $52.36. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.17. The firm has a market cap of $4.77 billion, a P/E ratio of 7.04 and a beta of 1.17. The business’s 50 day moving average price is $42.50 and its 200 day moving average price is $43.09.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings data on Wednesday, July 17th. The company reported $1.52 EPS for the quarter, meeting the consensus estimate of $1.52. Bank OZK had a net margin of 27.04% and a return on equity of 14.50%. The business had revenue of $416.78 million for the quarter, compared to the consensus estimate of $414.39 million. During the same period in the prior year, the firm earned $1.47 EPS. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, sell-side analysts expect that Bank OZK will post 5.98 earnings per share for the current year.

About Bank OZK

Bank OZK provides various retail and commercial banking services for individuals and businesses in the United States. The company offers deposit services, including non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time and reciprocal deposits.