Raymond James & Associates cut its position in Bank Of The Ozarks Inc (NASDAQ:OZRK) by 19.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 788,512 shares of the financial services provider’s stock after selling 195,438 shares during the period. Raymond James & Associates owned about 0.62% of Bank Of The Ozarks worth $38,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Willingdon Wealth Management purchased a new position in Bank Of The Ozarks during the third quarter valued at $104,000. Northwestern Mutual Wealth Management Co. grew its stake 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 valued at $167,000 after acquiring an additional 1,852 shares in the last quarter. Meridian Management Co. purchased a new position in Bank Of The Ozarks during the fourth quarter valued at $201,000. Cadence Capital Management LLC purchased a new position in Bank Of The Ozarks during the third quarter valued at $202,000. Finally, Exane Derivatives grew its stake in Bank Of The Ozarks by 78.8% during the fourth quarter. Exane Derivatives now owns 4,486 shares of the financial services provider’s stock valued at $217,000 after acquiring an additional 1,977 shares in the last quarter. 88.68% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently weighed in on OZRK. BidaskClub raised shares of Bank Of The Ozarks from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Zacks Investment Research cut shares of Bank Of The Ozarks from a “hold” rating to a “sell” rating in a research note on Tuesday, March 13th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $56.00 price objective on shares of Bank Of The Ozarks in a research note on Wednesday, January 17th. Stephens reissued a “hold” rating on shares of Bank Of The Ozarks in a research note on Wednesday, January 17th. Finally, 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 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $55.00.
Shares of NASDAQ:OZRK opened at $46.82 on Friday. The firm has a market capitalization of $6,178.28, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 1.09 and a beta of 1.33. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.92 and a quick ratio of 0.99. Bank Of The Ozarks Inc has a 52 week low of $40.15 and a 52 week high of $53.70.
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, hitting the Thomson Reuters’ consensus estimate of $0.75. The firm had revenue of $245.04 million during the quarter, compared to analyst estimates of $249.84 million. Bank Of The Ozarks had a net margin of 35.53% and a return on equity of 11.50%. During the same quarter last year, the business earned $0.72 EPS. research analysts expect that Bank Of The Ozarks Inc will post 3.7 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Friday, April 13th will be issued a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Thursday, April 12th. This is a positive change from Bank Of The Ozarks’s previous quarterly dividend of $0.19. Bank Of The Ozarks’s dividend payout ratio (DPR) is 25.68%.
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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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