American Century Companies Inc. lifted its stake in shares of Bank Of The Ozarks Inc (NASDAQ:OZRK) by 18.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,305,469 shares of the financial services provider’s stock after acquiring an additional 203,674 shares during the period. American Century Companies Inc. owned approximately 1.02% of Bank Of The Ozarks worth $63,250,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Sabal Trust CO acquired a new stake in shares of Bank Of The Ozarks during the 3rd quarter worth about $460,000. CIBC Asset Management Inc bought a new stake in shares of Bank Of The Ozarks during the 3rd quarter valued at approximately $369,000. Cape Cod Five Cents Savings Bank grew its holdings in shares of Bank Of The Ozarks by 35.2% during the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 26,173 shares of the financial services provider’s stock valued at $1,257,000 after purchasing an additional 6,816 shares during the last quarter. Mawer Investment Management Ltd. grew its holdings in shares of Bank Of The Ozarks by 2.2% during the 3rd quarter. Mawer Investment Management Ltd. now owns 267,530 shares of the financial services provider’s stock valued at $12,855,000 after purchasing an additional 5,650 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Bank Of The Ozarks by 23.3% during the 3rd quarter. Principal Financial Group Inc. now owns 3,870,471 shares of the financial services provider’s stock worth $185,976,000 after acquiring an additional 731,591 shares during the last quarter. 86.65% of the stock is owned by institutional investors.
Bank Of The Ozarks Inc (OZRK) traded up $0.16 during trading on Friday, hitting $52.07. 729,473 shares of the company were exchanged, compared to its average volume of 1,373,326. The company has a quick ratio of 0.99, a current ratio of 0.92 and a debt-to-equity ratio of 0.11. Bank Of The Ozarks Inc has a 52 week low of $40.15 and a 52 week high of $56.86. The firm has a market cap of $6,674.33, a P/E ratio of 17.59, a PEG ratio of 1.17 and a beta of 1.43.
Bank Of The Ozarks (NASDAQ:OZRK) last released its earnings results on Tuesday, January 16th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, meeting the Zacks’ 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 for the quarter, compared to the consensus estimate of $249.84 million. During the same quarter in the previous year, the company earned $0.72 EPS. analysts anticipate that Bank Of The Ozarks Inc will post 3.7 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Friday, January 19th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Thursday, January 18th. This is an increase from Bank Of The Ozarks’s previous quarterly dividend of $0.19. Bank Of The Ozarks’s payout ratio is presently 22.69%.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of Bank Of The Ozarks from a “sell” rating to a “hold” rating in a report on Friday, December 15th. Morgan Stanley reissued an “overweight” rating and set a $54.00 target price on shares of Bank Of The Ozarks in a report on Thursday, December 14th. Barclays assumed coverage on shares of Bank Of The Ozarks in a report on Wednesday, January 3rd. They set an “overweight” rating and a $60.00 target price on the stock. Brean Capital reissued a “buy” rating and set a $65.00 target price on shares of Bank Of The Ozarks in a report on Tuesday, January 2nd. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $56.00 target price on shares of Bank Of The Ozarks in a report on Wednesday, January 17th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. Bank Of The Ozarks has an average rating of “Buy” and an average price target of $56.00.
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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.
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