Bank of the Ozarks (OZRK) is Copeland Capital Management LLC’s Largest Position

Copeland Capital Management LLC cut its stake in Bank of the Ozarks (NASDAQ:OZRK) by 14.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 808,056 shares of the financial services provider’s stock after selling 140,979 shares during the quarter. Bank of the Ozarks accounts for about 2.6% of Copeland Capital Management LLC’s portfolio, making the stock its biggest position. Copeland Capital Management LLC owned approximately 0.63% of Bank of the Ozarks worth $38,827,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Bank of the Ozarks by 8.6% in the second quarter. Vanguard Group Inc. now owns 10,724,158 shares of the financial services provider’s stock worth $502,641,000 after purchasing an additional 852,398 shares during the last quarter. BlackRock Inc. raised its stake in shares of Bank of the Ozarks by 4.8% in the second quarter. BlackRock Inc. now owns 10,457,898 shares of the financial services provider’s stock worth $490,162,000 after purchasing an additional 480,415 shares during the last quarter. State Street Corp raised its stake in shares of Bank of the Ozarks by 6.3% in the second 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 during the last quarter. FMR LLC raised its stake in shares of Bank of the Ozarks by 4.1% in the second quarter. FMR LLC now owns 5,010,828 shares of the financial services provider’s stock worth $234,858,000 after purchasing an additional 197,825 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Bank of the Ozarks by 144.6% in the second quarter. Principal Financial Group Inc. now owns 3,138,880 shares of the financial services provider’s stock worth $147,117,000 after purchasing an additional 1,855,697 shares during the last quarter. 86.20% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently commented on the company. Zacks Investment Research raised Bank of the Ozarks from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Piper Jaffray Companies reissued an “overweight” rating and issued a $55.00 price objective on shares of Bank of the Ozarks in a research note on Thursday, October 5th. Stephens set a $48.00 price objective on Bank of the Ozarks and gave the stock a “hold” rating in a research note on Friday, July 28th. Keefe, Bruyette & Woods set a $56.00 price objective on Bank of the Ozarks and gave the stock a “buy” rating in a research note on Thursday, July 6th. Finally, BidaskClub downgraded Bank of the Ozarks from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. One investment 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’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $54.13.

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Shares of Bank of the Ozarks (NASDAQ:OZRK) traded up 0.06% during mid-day trading on Tuesday, hitting $46.53. The company had a trading volume of 220,920 shares. The firm has a 50-day moving average price of $46.13 and a 200-day moving average price of $45.92. The firm has a market capitalization of $5.96 billion, a PE ratio of 15.86 and a beta of 1.53. Bank of the Ozarks has a 52 week low of $35.53 and a 52 week high of $56.86.

Bank of the Ozarks (NASDAQ:OZRK) last announced its quarterly earnings data on Wednesday, October 11th. The financial services provider reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.01. Bank of the Ozarks had a net margin of 65.67% and a return on equity of 11.85%. The company had revenue of $242.47 million during the quarter, compared to analyst estimates of $243.67 million. During the same period in the previous year, the business earned $0.66 EPS. Equities analysts forecast that Bank of the Ozarks will post $2.96 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, October 13th were issued a $0.185 dividend. This is a positive change from Bank of the Ozarks’s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Thursday, October 12th. Bank of the Ozarks’s payout ratio is presently 25.26%.

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.

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

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