Geode Capital Management LLC grew its position in Bank Of The Ozarks Inc (NASDAQ:OZRK) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,105,136 shares of the financial services provider’s stock after buying an additional 49,177 shares during the period. Geode Capital Management LLC owned 0.86% of Bank Of The Ozarks worth $53,543,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of OZRK. Alps Advisors Inc. raised its stake in Bank Of The Ozarks by 13.0% during the 3rd quarter. Alps Advisors Inc. now owns 10,781 shares of the financial services provider’s stock worth $518,000 after acquiring an additional 1,244 shares in the last quarter. Amalgamated Bank increased its stake in Bank Of The Ozarks by 5.8% in the fourth quarter. Amalgamated Bank now owns 24,796 shares of the financial services provider’s stock valued at $1,201,000 after purchasing an additional 1,357 shares during the period. First Heartland Consultants Inc. increased its stake in Bank Of The Ozarks by 19.3% in the third quarter. First Heartland Consultants Inc. now owns 8,724 shares of the financial services provider’s stock valued at $419,000 after purchasing an additional 1,413 shares during the period. Randolph Co Inc boosted its holdings in shares of Bank Of The Ozarks by 0.9% in the fourth quarter. Randolph Co Inc now owns 175,625 shares of the financial services provider’s stock valued at $8,509,000 after acquiring an additional 1,650 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Bank Of The Ozarks by 115.2% in 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. 88.68% of the stock is owned by institutional investors and hedge funds.
OZRK has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Bank Of The Ozarks from a “sell” rating to a “hold” rating in a report on Tuesday, March 27th. Keefe, Bruyette & Woods restated a “hold” rating and set a $57.00 target price on shares of Bank Of The Ozarks in a research report on Tuesday, February 27th. BidaskClub lowered shares of Bank Of The Ozarks from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th. 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. Finally, Barclays assumed coverage on shares of Bank Of The Ozarks in a research note on Wednesday, January 3rd. They set an “overweight” rating and a $60.00 price objective on the stock. One equities 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 company. The stock has an average rating of “Hold” and an average target price of $55.00.
Shares of NASDAQ:OZRK traded down $1.76 during trading hours on Friday, hitting $46.82. 1,079,822 shares of the company’s stock traded hands, compared to its average volume of 1,019,897. Bank Of The Ozarks Inc has a 52 week low of $40.15 and a 52 week high of $53.70. The company has a current ratio of 0.92, a quick ratio of 0.99 and a debt-to-equity ratio of 0.11. The firm has a market cap of $6,001.39, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 1.06 and a beta of 1.33.
Bank Of The Ozarks (NASDAQ:OZRK) last announced its earnings results on Tuesday, January 16th. The financial services provider reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. The company had revenue of $245.04 million during the quarter, compared to analysts’ expectations 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 period last year, the company posted $0.72 earnings per share. research analysts forecast that Bank Of The Ozarks Inc will post 3.7 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Friday, April 13th will be given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 1.67%. The ex-dividend date 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 presently 25.68%.
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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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