BlueCrest Capital Management Ltd bought a new position in Bank of the Ozarks (NASDAQ:OZRK) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 123,298 shares of the financial services provider’s stock, valued at approximately $5,779,000. BlueCrest Capital Management Ltd owned approximately 0.10% of Bank of the Ozarks at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. State Street Corp lifted its stake in Bank of the Ozarks by 6.3% in the 2nd quarter. State Street Corp now owns 6,091,667 shares of the financial services provider’s stock worth $285,516,000 after purchasing an additional 363,391 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Bank of the Ozarks by 2.7% in the 2nd quarter. Janus Henderson Group PLC now owns 888,974 shares of the financial services provider’s stock worth $41,666,000 after purchasing an additional 23,296 shares in the last quarter. Shelton Capital Management purchased a new stake in Bank of the Ozarks in the 2nd quarter worth approximately $429,000. Broadview Advisors LLC lifted its stake in Bank of the Ozarks by 172.1% in the 2nd quarter. Broadview Advisors LLC now owns 203,491 shares of the financial services provider’s stock worth $9,538,000 after purchasing an additional 128,700 shares in the last quarter. Finally, Flinton Capital Management LLC lifted its stake in Bank of the Ozarks by 301.8% in the 2nd quarter. Flinton Capital Management LLC now owns 18,452 shares of the financial services provider’s stock worth $865,000 after purchasing an additional 13,860 shares in the last quarter. Institutional investors and hedge funds own 86.70% of the company’s stock.
Several research firms have issued reports on OZRK. Piper Jaffray Companies reiterated an “overweight” rating and issued a $55.00 target price on shares of Bank of the Ozarks in a research note on Thursday. Zacks Investment Research upgraded shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. ValuEngine cut shares of Bank of the Ozarks from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub upgraded shares of Bank of the Ozarks from a “strong sell” rating to a “sell” rating in a research report on Friday, August 4th. Finally, Stephens set a $48.00 price objective on shares of Bank of the Ozarks and gave the company a “hold” rating in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. Bank of the Ozarks currently has an average rating of “Hold” and an average price target of $52.57.
Bank of the Ozarks (OZRK) traded down 0.64% during mid-day trading on Friday, hitting $48.11. 709,715 shares of the stock traded hands. The company’s 50 day moving average is $44.22 and its 200 day moving average is $46.39. The company has a market cap of $6.17 billion, a P/E ratio of 16.92 and a beta of 1.54. Bank of the Ozarks has a 12 month low of $35.53 and a 12 month high of $56.86.
Bank of the Ozarks (NASDAQ:OZRK) last released its earnings results on Wednesday, July 12th. The financial services provider reported $0.73 EPS for the quarter, hitting the consensus estimate of $0.73. Bank of the Ozarks had a net margin of 46.15% and a return on equity of 11.75%. The firm had revenue of $237.30 million for the quarter, compared to the consensus estimate of $232.85 million. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The company’s quarterly revenue was up 64.8% compared to the same quarter last year. On average, analysts expect that Bank of the Ozarks will post $2.97 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 13th will be issued a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, October 12th. This is an increase from Bank of the Ozarks’s previous quarterly dividend of $0.18. Bank of the Ozarks’s payout ratio is 25.35%.
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Bank of the Ozarks Profile
Bank of the Ozarks, Inc is a state chartered bank that provides retail and commercial banking services. Its deposit services include checking, savings, money market, time deposit and individual retirement accounts. Its loan services include various types of real estate, consumer, commercial, industrial and agricultural loans and various leasing services.
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