BARING ASSET MANAGEMENT Ltd Raises Position in Bank of the Ozarks (OZRK)

BARING ASSET MANAGEMENT Ltd increased its position in shares of Bank of the Ozarks (NASDAQ:OZRK) by 5.1% during the second quarter, Holdings Channel reports. The firm owned 41,384 shares of the financial services provider’s stock after buying an additional 2,024 shares during the period. BARING ASSET MANAGEMENT Ltd’s holdings in Bank of the Ozarks were worth $1,939,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. JCSD Capital LLC increased its stake in shares of Bank of the Ozarks by 18.2% in the first quarter. JCSD Capital LLC now owns 65,000 shares of the financial services provider’s stock worth $3,381,000 after buying an additional 10,000 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Bank of the Ozarks by 63.2% in the first quarter. Janney Montgomery Scott LLC now owns 23,367 shares of the financial services provider’s stock worth $1,215,000 after buying an additional 9,050 shares during the period. Glen Harbor Capital Management LLC increased its stake in shares of Bank of the Ozarks by 9.3% in the first quarter. Glen Harbor Capital Management LLC now owns 2,624 shares of the financial services provider’s stock worth $137,000 after buying an additional 224 shares during the period. Profund Advisors LLC increased its stake in shares of Bank of the Ozarks by 3.4% in the first quarter. Profund Advisors LLC now owns 19,092 shares of the financial services provider’s stock worth $993,000 after buying an additional 622 shares during the period. Finally, Nationwide Fund Advisors increased its stake in shares of Bank of the Ozarks by 2.2% in the first quarter. Nationwide Fund Advisors now owns 591,583 shares of the financial services provider’s stock worth $30,768,000 after buying an additional 12,811 shares during the period. 86.49% of the stock is owned by hedge funds and other institutional investors.

Bank of the Ozarks (OZRK) opened at 42.44 on Thursday. Bank of the Ozarks has a 12-month low of $35.53 and a 12-month high of $56.86. The stock’s 50 day moving average is $45.66 and its 200-day moving average is $49.14. The company has a market capitalization of $5.44 billion, a P/E ratio of 14.92 and a beta of 1.52.

Bank of the Ozarks (NASDAQ:OZRK) last posted its earnings results on Wednesday, July 12th. The financial services provider reported $0.73 EPS for the quarter, hitting analysts’ consensus estimates of $0.73. The firm had revenue of $237.30 million during the quarter, compared to analysts’ expectations of $232.85 million. Bank of the Ozarks had a net margin of 46.15% and a return on equity of 11.75%. The business’s revenue for the quarter was up 64.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 earnings per share. On average, equities analysts predict 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 was paid on Friday, July 21st. Stockholders of record on Friday, July 14th were issued a $0.18 dividend. The ex-dividend date was Wednesday, July 12th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.70%. This is a boost from Bank of the Ozarks’s previous quarterly dividend of $0.18. Bank of the Ozarks’s dividend payout ratio is 25.35%.

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A number of analysts have weighed in on the stock. BidaskClub raised shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $56.00 price target on shares of Bank of the Ozarks in a report on Wednesday, May 3rd. Stephens set a $48.00 price target on shares of Bank of the Ozarks and gave the company a “hold” rating in a report on Friday, July 28th. Finally, Brean Capital reissued a “buy” rating and issued a $59.00 price target on shares of Bank of the Ozarks in a report on Friday, July 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Bank of the Ozarks currently has an average rating of “Buy” and a consensus target price of $52.11.

Bank of the Ozarks Company 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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Institutional Ownership by Quarter for Bank of the Ozarks (NASDAQ:OZRK)

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