Whittier Trust Co. increased its position in Bank Of The Ozarks Inc (NASDAQ:OZRK) by 30.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,270 shares of the financial services provider’s stock after buying an additional 8,533 shares during the period. Whittier Trust Co.’s holdings in Bank Of The Ozarks were worth $1,757,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Willingdon Wealth Management acquired a new position in Bank Of The Ozarks during the third quarter worth approximately $104,000. Northwestern Mutual Wealth Management Co. increased its position in Bank Of The Ozarks by 115.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,459 shares of the financial services provider’s stock worth $167,000 after purchasing an additional 1,852 shares during the last quarter. Meridian Management Co. acquired a new position in Bank Of The Ozarks during the fourth quarter worth approximately $201,000. Cadence Capital Management LLC acquired a new position in Bank Of The Ozarks during the third quarter worth approximately $202,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new position in Bank Of The Ozarks during the third quarter worth approximately $217,000. 86.65% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Bank Of The Ozarks from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. 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. Barclays assumed 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 target for the company. Brean Capital reaffirmed a “buy” rating and set a $65.00 price target on shares of Bank Of The Ozarks in a research report on Tuesday, January 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $56.00 price target on shares of Bank Of The Ozarks in a research report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $56.00.
Shares of Bank Of The Ozarks Inc (NASDAQ:OZRK) opened at $49.56 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.99 and a current ratio of 0.92. Bank Of The Ozarks Inc has a 52 week low of $40.15 and a 52 week high of $56.86. The stock has a market cap of $6,283.38, a P/E ratio of 14.79, a price-to-earnings-growth ratio of 1.10 and a beta of 1.43.
Bank Of The Ozarks (NASDAQ:OZRK) last released its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.75. Bank Of The Ozarks had a net margin of 35.53% and a return on equity of 11.50%. The company had revenue of $245.04 million during the quarter, compared to the consensus estimate of $249.84 million. During the same period in the previous year, the firm earned $0.72 earnings per share. sell-side analysts predict that Bank Of The Ozarks Inc will post 3.7 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Friday, January 19th were paid a dividend of $0.19 per share. This is an increase from Bank Of The Ozarks’s previous quarterly dividend of $0.19. This represents a $0.76 annualized dividend and a yield of 1.53%. The ex-dividend date was Thursday, January 18th. Bank Of The Ozarks’s payout ratio is currently 22.69%.
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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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