Verition Fund Management LLC bought a new stake in shares of Bank Of The Ozarks Inc (NASDAQ:OZRK) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 76,322 shares of the financial services provider’s stock, valued at approximately $3,698,000. Verition Fund Management LLC owned 0.06% of Bank Of The Ozarks at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in OZRK. Nationwide Fund Advisors increased its stake in Bank Of The Ozarks by 1.7% during the 3rd quarter. Nationwide Fund Advisors now owns 651,462 shares of the financial services provider’s stock worth $31,303,000 after purchasing an additional 10,763 shares in the last quarter. Aperio Group LLC increased its stake in Bank Of The Ozarks by 41.6% during the 3rd quarter. Aperio Group LLC now owns 19,964 shares of the financial services provider’s stock worth $959,000 after purchasing an additional 5,870 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in Bank Of The Ozarks during the 3rd quarter worth approximately $656,000. State Board of Administration of Florida Retirement System grew its stake in shares of Bank Of The Ozarks by 6.4% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 93,278 shares of the financial services provider’s stock worth $4,482,000 after acquiring an additional 5,620 shares in the last quarter. Finally, State of Tennessee Treasury Department grew its stake in shares of Bank Of The Ozarks by 150.0% during the 3rd quarter. State of Tennessee Treasury Department now owns 100,000 shares of the financial services provider’s stock worth $4,805,000 after acquiring an additional 60,000 shares in the last quarter. Institutional investors own 88.68% of the company’s stock.
Bank Of The Ozarks stock opened at $46.82 on Friday. The stock 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 current ratio of 0.92, a quick ratio of 0.99 and a debt-to-equity ratio of 0.11. Bank Of The Ozarks Inc has a 12-month low of $40.15 and a 12-month high of $53.70.
Bank Of The Ozarks (NASDAQ:OZRK) last released its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $0.75 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.75. The company had revenue of $245.04 million for the quarter, compared to analysts’ expectations of $249.84 million. Bank Of The Ozarks had a return on equity of 11.50% and a net margin of 35.53%. During the same period in the previous year, the business posted $0.72 earnings per share. equities analysts anticipate that Bank Of The Ozarks Inc will post 3.7 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Friday, April 13th will be paid a $0.195 dividend. This is a positive change from Bank Of The Ozarks’s previous quarterly dividend of $0.19. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Thursday, April 12th. Bank Of The Ozarks’s payout ratio is currently 25.68%.
Several brokerages have recently weighed in on OZRK. Brean Capital reaffirmed a “buy” rating on shares of Bank Of The Ozarks in a research note on Thursday. BidaskClub cut shares of Bank Of The Ozarks from a “buy” rating to a “hold” rating in a research note on Friday, March 23rd. Zacks Investment Research raised Bank Of The Ozarks from a “sell” rating to a “hold” rating in a report on Tuesday, March 27th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $56.00 price target on shares of Bank Of The Ozarks in a report on Wednesday, January 17th. Finally, Piper Jaffray reaffirmed a “buy” rating and set a $59.00 price target on shares of Bank Of The Ozarks in a report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. Bank Of The Ozarks presently has a consensus rating of “Hold” and an average price target of $55.00.
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About Bank Of The Ozarks
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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