First Trust Advisors LP Acquires 62,702 Shares of Bank Of The Ozarks Inc (OZRK)

First Trust Advisors LP lifted its holdings in shares of Bank Of The Ozarks Inc (NASDAQ:OZRK) by 11.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 633,567 shares of the financial services provider’s stock after acquiring an additional 62,702 shares during the quarter. First Trust Advisors LP’s holdings in Bank Of The Ozarks were worth $30,696,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Principal Financial Group Inc. lifted its holdings in shares of 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 valued at $185,976,000 after acquiring an additional 731,591 shares in the last quarter. Epoch Investment Partners Inc. lifted its holdings in shares of Bank Of The Ozarks by 93.2% during the 3rd 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 in the last quarter. Bank of the Ozarks lifted its holdings in shares of Bank Of The Ozarks by 1.8% during the 3rd quarter. Bank of the Ozarks now owns 1,927,302 shares of the financial services provider’s stock valued at $92,607,000 after acquiring an additional 34,744 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Bank Of The Ozarks by 15.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,369,572 shares of the financial services provider’s stock valued at $65,800,000 after acquiring an additional 185,707 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Bank Of The Ozarks by 18.5% during the 4th quarter. American Century Companies Inc. now owns 1,305,469 shares of the financial services provider’s stock valued at $63,250,000 after acquiring an additional 203,674 shares in the last quarter. Institutional investors and hedge funds own 86.32% of the company’s stock.

Bank Of The Ozarks Inc (NASDAQ:OZRK) opened at $50.67 on Wednesday. Bank Of The Ozarks Inc has a 1-year low of $40.15 and a 1-year high of $56.86. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.92 and a quick ratio of 0.99. The company has a market cap of $6,674.33, a price-to-earnings ratio of 17.59, a price-to-earnings-growth ratio of 1.17 and a beta of 1.43.

Bank Of The Ozarks (NASDAQ:OZRK) last issued its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $0.75 EPS for the quarter, hitting analysts’ consensus estimates of $0.75. Bank Of The Ozarks had a net margin of 35.53% and a return on equity of 11.50%. The firm had revenue of $245.04 million for the quarter, compared to analyst estimates of $249.84 million. During the same quarter in the previous year, the business posted $0.72 EPS. equities analysts expect that Bank Of The Ozarks Inc will post 3.7 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Friday, January 19th were issued a $0.19 dividend. The ex-dividend date was Thursday, January 18th. This represents a $0.76 dividend on an annualized basis and a yield of 1.50%. This is a positive change from Bank Of The Ozarks’s previous quarterly dividend of $0.19. Bank Of The Ozarks’s payout ratio is currently 22.69%.

Several equities analysts recently weighed in on OZRK shares. Brean Capital restated a “buy” rating on shares of Bank Of The Ozarks in a report on Monday, October 30th. Zacks Investment Research upgraded shares of Bank Of The Ozarks from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Friday, January 5th. Piper Jaffray Companies restated a “buy” rating and set a $59.00 target price on shares of Bank Of The Ozarks in a report on Friday, January 19th. Morgan Stanley restated an “overweight” rating and set a $54.00 target price on shares of Bank Of The Ozarks in a report on Thursday, December 14th. Finally, Barclays started coverage on shares of Bank Of The Ozarks in a report on Wednesday, January 3rd. They issued an “overweight” rating and a $60.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $56.00.

WARNING: This piece was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this piece can be accessed at https://www.dispatchtribunal.com/2018/02/21/first-trust-advisors-lp-acquires-62702-shares-of-bank-of-the-ozarks-inc-ozrk.html.

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.

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 Inc (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