Tectonic Advisors LLC Invests $773,000 in Bank OZK $OZK

Tectonic Advisors LLC acquired a new stake in shares of Bank OZK (NASDAQ:OZK) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 15,166 shares of the company’s stock, valued at approximately $773,000.

Several other large investors also recently added to or reduced their stakes in OZK. Highline Wealth Partners LLC purchased a new position in shares of Bank OZK during the third quarter worth approximately $28,000. True Wealth Design LLC boosted its holdings in shares of Bank OZK by 147.0% in the third quarter. True Wealth Design LLC now owns 568 shares of the company’s stock valued at $29,000 after purchasing an additional 338 shares during the period. Hantz Financial Services Inc. grew its stake in Bank OZK by 58.2% in the second quarter. Hantz Financial Services Inc. now owns 590 shares of the company’s stock worth $28,000 after purchasing an additional 217 shares in the last quarter. AdvisorNet Financial Inc increased its holdings in Bank OZK by 82.2% during the 3rd quarter. AdvisorNet Financial Inc now owns 665 shares of the company’s stock worth $34,000 after purchasing an additional 300 shares during the period. Finally, Atlantic Union Bankshares Corp bought a new stake in Bank OZK during the 2nd quarter valued at $44,000. 86.18% of the stock is owned by hedge funds and other institutional investors.

Bank OZK Stock Performance

OZK stock opened at $47.04 on Friday. Bank OZK has a one year low of $35.71 and a one year high of $53.66. The firm has a market cap of $5.26 billion, a price-to-earnings ratio of 7.59 and a beta of 0.92. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a 50-day simple moving average of $45.97 and a two-hundred day simple moving average of $48.70.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Thursday, October 16th. The company reported $1.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.07). Bank OZK had a return on equity of 13.00% and a net margin of 25.81%.The firm had revenue of $449.94 million during the quarter, compared to analysts’ expectations of $447.93 million. During the same period in the previous year, the firm earned $1.55 EPS. On average, equities analysts forecast that Bank OZK will post 6.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on OZK shares. Wall Street Zen upgraded Bank OZK from a “sell” rating to a “hold” rating in a report on Saturday. UBS Group lowered their price objective on shares of Bank OZK from $57.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, October 28th. Cowen reissued a “buy” rating on shares of Bank OZK in a research report on Tuesday, October 21st. National Bankshares set a $67.00 price target on shares of Bank OZK in a research report on Wednesday, September 24th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Bank OZK in a report on Thursday, October 30th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $58.75.

Bank OZK Profile

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank’s core operations focus on commercial real estate lending, including acquisition, development and construction financing.