Toronto Dominion Bank Cuts Stock Holdings in Bank Ozk (NASDAQ:OZK)

Toronto Dominion Bank lowered its stake in shares of Bank Ozk (NASDAQ:OZK) by 64.3% during the second quarter, Holdings Channel reports. The fund owned 2,479 shares of the company’s stock after selling 4,465 shares during the period. Toronto Dominion Bank’s holdings in Bank Ozk were worth $75,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of OZK. Dimensional Fund Advisors LP increased its position in shares of Bank Ozk by 49.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,833,994 shares of the company’s stock worth $64,699,000 after acquiring an additional 932,303 shares during the period. Principal Financial Group Inc. grew its stake in shares of Bank Ozk by 11.0% during the first quarter. Principal Financial Group Inc. now owns 4,824,914 shares of the company’s stock worth $139,830,000 after purchasing an additional 477,434 shares in the last quarter. Copeland Capital Management LLC grew its stake in shares of Bank Ozk by 46.6% during the second quarter. Copeland Capital Management LLC now owns 922,363 shares of the company’s stock worth $27,754,000 after purchasing an additional 293,302 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of Bank Ozk by 17.6% during the first quarter. Clearbridge Investments LLC now owns 1,667,435 shares of the company’s stock worth $48,322,000 after purchasing an additional 249,332 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Bank Ozk by 43.2% during the second quarter. Renaissance Technologies LLC now owns 745,497 shares of the company’s stock worth $22,432,000 after purchasing an additional 224,997 shares in the last quarter. 83.32% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ OZK traded down $0.05 during trading hours on Friday, hitting $27.67. The company had a trading volume of 26,014 shares, compared to its average volume of 756,058. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.99 and a current ratio of 0.99. Bank Ozk has a 1-year low of $21.02 and a 1-year high of $40.51. The company has a market cap of $3.57 billion, a PE ratio of 8.54, a price-to-earnings-growth ratio of 0.69 and a beta of 1.89. The business has a 50 day moving average of $26.74 and a 200-day moving average of $29.65.

Bank Ozk (NASDAQ:OZK) last released its quarterly earnings data on Thursday, July 18th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.01). Bank Ozk had a net margin of 32.47% and a return on equity of 10.72%. The company had revenue of $251.14 million during the quarter, compared to analyst estimates of $253.45 million. Sell-side analysts expect that Bank Ozk will post 3.36 earnings per share for the current fiscal year.

Separately, Stephens set a $34.00 target price on shares of Bank Ozk and gave the stock a “hold” rating in a research note on Thursday, July 11th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. Bank Ozk presently has a consensus rating of “Hold” and an average target price of $32.55.

Bank Ozk 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.

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Institutional Ownership by Quarter for Bank Ozk (NASDAQ:OZK)

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