Cubist Systematic Strategies LLC Acquires Shares of 17,715 Bank of the Ozarks (OZRK)

Cubist Systematic Strategies LLC acquired a new stake in shares of Bank of the Ozarks (NASDAQ:OZRK) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 17,715 shares of the financial services provider’s stock, valued at approximately $830,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Monroe Bank & Trust MI raised its stake in shares of Bank of the Ozarks by 0.3% during the second quarter. Monroe Bank & Trust MI now owns 12,437 shares of the financial services provider’s stock valued at $583,000 after purchasing an additional 32 shares in the last quarter. BRYN MAWR TRUST Co raised its stake in shares of Bank of the Ozarks by 1.0% during the second quarter. BRYN MAWR TRUST Co now owns 7,764 shares of the financial services provider’s stock valued at $364,000 after purchasing an additional 75 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Bank of the Ozarks by 1.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,778 shares of the financial services provider’s stock worth $271,000 after acquiring an additional 92 shares during the period. Bellwether Investment Group LLC grew its holdings in Bank of the Ozarks by 2.3% during the second quarter. Bellwether Investment Group LLC now owns 5,280 shares of the financial services provider’s stock worth $247,000 after acquiring an additional 118 shares during the period. Finally, Alps Advisors Inc. grew its holdings in Bank of the Ozarks by 1.4% during the second quarter. Alps Advisors Inc. now owns 9,537 shares of the financial services provider’s stock worth $447,000 after acquiring an additional 129 shares during the period. Institutional investors and hedge funds own 86.43% of the company’s stock.

A number of research analysts recently issued reports on the company. Stephens set a $48.00 target price on Bank of the Ozarks and gave the stock a “hold” rating in a report on Thursday, August 3rd. Raymond James Financial, Inc. lowered their target price on Bank of the Ozarks from $59.00 to $57.00 and set an “outperform” rating on the stock in a report on Thursday, October 12th. Brean Capital reaffirmed a “buy” rating and set a $59.00 target price on shares of Bank of the Ozarks in a report on Friday, July 14th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $50.00 target price on shares of Bank of the Ozarks in a report on Thursday, October 12th. Finally, Zacks Investment Research raised Bank of the Ozarks from a “sell” rating to a “hold” rating in a report on Friday. 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 has an average rating of “Hold” and a consensus price target of $54.13.

Bank of the Ozarks (NASDAQ OZRK) opened at 45.40 on Tuesday. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 15.48 and a beta of 1.53. Bank of the Ozarks has a 12-month low of $35.53 and a 12-month high of $56.86. The company’s 50-day moving average price is $44.98 and its 200-day moving average price is $46.22.

Bank of the Ozarks (NASDAQ:OZRK) last issued its quarterly earnings results on Wednesday, October 11th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.01. Bank of the Ozarks had a return on equity of 11.85% and a net margin of 65.67%. The business had revenue of $242.47 million for the quarter, compared to analyst estimates of $243.67 million. During the same quarter in the prior year, the firm posted $0.66 earnings per share. Equities analysts expect that Bank of the Ozarks will post $2.95 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 13th will be paid a $0.185 dividend. This is a positive change from Bank of the Ozarks’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.74 annualized dividend and a yield of 1.63%. Bank of the Ozarks’s dividend payout ratio is presently 25.26%.

TRADEMARK VIOLATION WARNING: This report was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this report on another publication, it was stolen and republished in violation of international copyright & trademark laws. The original version of this report can be viewed at https://www.dispatchtribunal.com/2017/10/17/cubist-systematic-strategies-llc-acquires-shares-of-17715-bank-of-the-ozarks-ozrk.html.

About Bank of the Ozarks

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.

Want to see what other hedge funds are holding OZRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank of the Ozarks (NASDAQ:OZRK).

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

Receive News & Ratings for Bank of the Ozarks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of the Ozarks and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply