BB&T Investment Services Inc. purchased a new position in Bank of the Ozarks (NASDAQ:OZRK) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,174 shares of the financial services provider’s stock, valued at approximately $190,000.
Other institutional investors have also modified their holdings of the company. Exane Derivatives bought a new stake in Bank of the Ozarks in the second quarter worth about $119,000. V Wealth Management LLC bought a new stake in Bank of the Ozarks in the second quarter worth about $174,000. Opus Capital Group LLC bought a new stake in Bank of the Ozarks in the second quarter worth about $203,000. Cigna Investments Inc. New bought a new stake in Bank of the Ozarks in the second quarter worth about $221,000. Finally, Edge Wealth Management LLC bought a new stake in Bank of the Ozarks in the second quarter worth about $235,000. Hedge funds and other institutional investors own 86.64% of the company’s stock.
Bank of the Ozarks (OZRK) traded down 0.5431% during mid-day trading on Friday, reaching $45.4518. The company’s stock had a trading volume of 288,781 shares. Bank of the Ozarks has a 12 month low of $35.53 and a 12 month high of $56.86. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 15.9368 and a beta of 1.54. The stock’s 50 day moving average is $44.82 and its 200 day moving average is $46.32.
Bank of the Ozarks (NASDAQ:OZRK) last released its quarterly earnings results on Wednesday, October 11th. The financial services provider reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.01. The company had revenue of $242.47 million for the quarter, compared to analyst estimates of $243.67 million. Bank of the Ozarks had a return on equity of 11.85% and a net margin of 65.67%. During the same quarter last year, the firm posted $0.66 earnings per share. Equities research analysts predict that Bank of the Ozarks will post $2.96 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 13th will be given a dividend of $0.185 per share. The ex-dividend date is Thursday, October 12th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.62%. This is a positive change from Bank of the Ozarks’s previous quarterly dividend of $0.18. Bank of the Ozarks’s dividend payout ratio (DPR) is currently 24.57%.
Several equities research analysts have commented on OZRK shares. Zacks Investment Research upgraded shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a research report on Monday, August 28th. BidaskClub downgraded Bank of the Ozarks from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Morgan Stanley started coverage on Bank of the Ozarks in a report on Wednesday, August 2nd. They set an “overweight” rating and a $54.00 price objective on the stock. Stephens set a $48.00 price objective on Bank of the Ozarks and gave the stock a “hold” rating in a report on Friday, July 28th. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $55.00 price objective on shares of Bank of the Ozarks in a report on Thursday, October 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $54.13.
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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