Sterling Capital Management LLC Increases Position in Bank of the Ozarks (NASDAQ:OZRK)

Sterling Capital Management LLC raised its stake in shares of Bank of the Ozarks (NASDAQ:OZRK) by 6.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,245 shares of the financial services provider’s stock after buying an additional 2,277 shares during the period. Sterling Capital Management LLC’s holdings in Bank of the Ozarks were worth $1,699,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. First Midwest Bank Trust Division boosted its stake in shares of Bank of the Ozarks by 0.4% during the 2nd quarter. First Midwest Bank Trust Division now owns 33,502 shares of the financial services provider’s stock valued at $1,570,000 after buying an additional 143 shares during the period. American Century Companies Inc. boosted its stake in shares of Bank of the Ozarks by 15.0% during the 2nd quarter. American Century Companies Inc. now owns 1,155,532 shares of the financial services provider’s stock valued at $54,160,000 after buying an additional 150,562 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Bank of the Ozarks by 4.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 527,393 shares of the financial services provider’s stock valued at $27,430,000 after buying an additional 23,322 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Bank of the Ozarks by 144.6% during the 2nd quarter. Principal Financial Group Inc. now owns 3,138,880 shares of the financial services provider’s stock valued at $147,117,000 after buying an additional 1,855,697 shares during the period. Finally, BlackRock Inc. boosted its stake in shares of Bank of the Ozarks by 4.8% during the 2nd quarter. BlackRock Inc. now owns 10,457,898 shares of the financial services provider’s stock valued at $490,162,000 after buying an additional 480,415 shares during the period. 86.10% of the stock is owned by institutional investors.

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Bank of the Ozarks (OZRK) traded up 0.23% on Friday, hitting $47.24. 650,111 shares of the stock traded hands. The firm’s 50 day moving average is $45.63 and its 200 day moving average is $45.98. Bank of the Ozarks has a 52 week low of $35.53 and a 52 week high of $56.86. The stock has a market cap of $6.05 billion, a price-to-earnings ratio of 16.11 and a beta of 1.54.

Bank of the Ozarks (NASDAQ:OZRK) last released its earnings results on Wednesday, October 11th. The financial services provider reported $0.75 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $242.47 million for the quarter, compared to analyst estimates of $243.67 million. During the same period last year, the firm earned $0.66 EPS. Equities analysts anticipate that Bank of the Ozarks will post $2.96 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, October 13th were issued a dividend of $0.185 per share. The ex-dividend date of this dividend was Thursday, October 12th. This is a positive change from Bank of the Ozarks’s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a dividend yield of 1.57%. Bank of the Ozarks’s payout ratio is 25.26%.

A number of brokerages have issued reports on OZRK. Brean Capital reissued a “buy” rating on shares of Bank of the Ozarks in a research note on Monday, October 23rd. Zacks Investment Research raised shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a research note on Friday, October 13th. Stephens set a $48.00 price objective on shares of Bank of the Ozarks and gave the company a “hold” rating in a research note on Thursday, August 3rd. Piper Jaffray Companies reaffirmed 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. Finally, Morgan Stanley initiated coverage on shares of Bank of the Ozarks in a research note on Wednesday, August 2nd. They issued an “overweight” rating and a $54.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $54.13.

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.

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

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