Stock Traders Buy High Volume of Bank Of The Ozarks Call Options (OZRK)

Bank Of The Ozarks Inc (NASDAQ:OZRK) was the target of unusually large options trading on Friday. Stock investors bought 1,622 call options on the stock. This is an increase of approximately 1,298% compared to the typical daily volume of 116 call options.

A number of large investors have recently modified their holdings of OZRK. Principal Financial Group Inc. raised its position in Bank Of The Ozarks by 144.6% in the 2nd 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 period. Epoch Investment Partners Inc. increased its position in shares of Bank Of The Ozarks by 93.2% in the third quarter. Epoch Investment Partners Inc. now owns 3,785,464 shares of the financial services provider’s stock valued at $181,892,000 after acquiring an additional 1,826,476 shares during the period. Vanguard Group Inc. increased its position 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 valued at $502,641,000 after acquiring an additional 852,398 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Bank Of The Ozarks by 135.8% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 974,224 shares of the financial services provider’s stock valued at $46,812,000 after acquiring an additional 561,118 shares during the period. Finally, BlackRock Inc. increased its position 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 valued at $490,162,000 after acquiring an additional 480,415 shares during the period. Institutional investors own 84.97% of the company’s stock.

Shares of Bank Of The Ozarks (NASDAQ:OZRK) traded up $1.61 during trading hours on Thursday, reaching $52.50. 2,770,000 shares of the company’s stock traded hands, compared to its average volume of 1,170,000. Bank Of The Ozarks has a 1 year low of $40.15 and a 1 year high of $56.86. The company has a market cap of $6,730.00, a P/E ratio of 19.37, a price-to-earnings-growth ratio of 1.22 and a beta of 1.50.

Bank Of The Ozarks (NASDAQ:OZRK) last posted its quarterly earnings data on Wednesday, October 11th. The financial services provider reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.01. The firm had revenue of $242.47 million for the quarter, compared to analysts’ expectations of $243.67 million. Bank Of The Ozarks had a net margin of 65.67% and a return on equity of 11.85%. During the same quarter last year, the company posted $0.66 EPS. equities research analysts predict that Bank Of The Ozarks will post 2.95 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 19th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $0.76 annualized dividend and a dividend yield of 1.45%. This is a boost from Bank Of The Ozarks’s previous quarterly dividend of $0.19. Bank Of The Ozarks’s dividend payout ratio (DPR) is 27.31%.

Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Bank Of The Ozarks from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Friday, January 5th. Barclays initiated coverage on shares of Bank Of The Ozarks in a research report on Wednesday, January 3rd. They set an “overweight” rating and a $60.00 price objective for the company. Brean Capital reissued a “buy” rating and issued a $65.00 price objective on shares of Bank Of The Ozarks in a research note on Tuesday, January 2nd. Morgan Stanley reaffirmed an “overweight” rating and set a $54.00 price target on shares of Bank Of The Ozarks in a research report on Thursday, December 14th. Finally, SunTrust Banks reiterated a “hold” rating and set a $50.00 price objective on shares of Bank Of The Ozarks in a report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $55.56.

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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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