Puzo Michael J Buys New Position in Bank Ozk (OZK)

Puzo Michael J bought a new stake in Bank Ozk (NASDAQ:OZK) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 63,430 shares of the company’s stock, valued at approximately $2,408,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BKD Wealth Advisors LLC bought a new stake in Bank Ozk in the 3rd quarter valued at approximately $304,000. Bank of Montreal Can bought a new stake in Bank Ozk in the 3rd quarter valued at approximately $434,000. State of Alaska Department of Revenue bought a new stake in Bank Ozk in the 3rd quarter valued at approximately $479,000. Public Employees Retirement System of Ohio bought a new stake in Bank Ozk in the 2nd quarter valued at approximately $1,932,000. Finally, Oregon Public Employees Retirement Fund bought a new stake in Bank Ozk in the 2nd quarter valued at approximately $2,139,000. Hedge funds and other institutional investors own 87.06% of the company’s stock.

OZK has been the topic of several research reports. Barclays cut Bank Ozk from an “overweight” rating to an “underweight” rating in a research note on Monday, August 13th. ValuEngine upgraded Bank Ozk from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 18th. Stephens reiterated a “hold” rating and set a $48.00 price objective on shares of Bank Ozk in a research note on Thursday, August 23rd. Brean Capital reiterated a “buy” rating on shares of Bank Ozk in a research note on Monday, August 27th. Finally, Zacks Investment Research cut Bank Ozk from a “hold” rating to a “sell” rating in a research note on Tuesday, September 11th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Bank Ozk has an average rating of “Hold” and a consensus price target of $48.50.

Shares of Bank Ozk stock traded up $0.51 on Monday, reaching $36.26. 91,752 shares of the company were exchanged, compared to its average volume of 1,020,662. Bank Ozk has a one year low of $34.62 and a one year high of $53.70. The stock has a market cap of $4.87 billion, a P/E ratio of 12.12, a P/E/G ratio of 0.87 and a beta of 1.20. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.10.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 19th. Stockholders of record on Friday, October 12th will be paid a dividend of $0.21 per share. The ex-dividend date is Thursday, October 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.32%. This is a boost from Bank Ozk’s previous quarterly dividend of $0.20. Bank Ozk’s dividend payout ratio is currently 27.03%.

Bank Ozk Profile

Bank OZK provides a range of 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: Leveraged Buyout (LBO) Explained

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