Bank of the Ozarks (OZRK) Shares Bought by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC raised its stake in Bank of the Ozarks (NASDAQ:OZRK) by 29.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 107,025 shares of the financial services provider’s stock after buying an additional 24,475 shares during the period. Grandeur Peak Global Advisors LLC owned 0.09% of Bank of the Ozarks worth $5,566,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in OZRK. Russell Investments Group Ltd. acquired a new stake in Bank of the Ozarks during the fourth quarter valued at $9,561,000. Comerica Bank increased its stake in Bank of the Ozarks by 6.1% in the fourth quarter. Comerica Bank now owns 67,916 shares of the financial services provider’s stock valued at $3,631,000 after buying an additional 3,899 shares during the period. State Street Corp increased its stake in Bank of the Ozarks by 4.0% in the fourth quarter. State Street Corp now owns 5,851,982 shares of the financial services provider’s stock valued at $307,756,000 after buying an additional 226,169 shares during the period. Federated Investors Inc. PA increased its stake in Bank of the Ozarks by 26.3% in the fourth quarter. Federated Investors Inc. PA now owns 49,363 shares of the financial services provider’s stock valued at $2,596,000 after buying an additional 10,279 shares during the period. Finally, Systematic Financial Management LP acquired a new stake in Bank of the Ozarks during the fourth quarter valued at $2,175,000. Institutional investors and hedge funds own 85.66% of the company’s stock.

Institutional Ownership by Quarter for Bank of the Ozarks (NASDAQ:OZRK)

Bank of the Ozarks (NASDAQ OZRK) traded down 2.20% during mid-day trading on Wednesday, hitting $46.64. The company had a trading volume of 745,179 shares. Bank of the Ozarks has a 52-week low of $33.51 and a 52-week high of $56.86. The company has a 50-day moving average price of $47.01 and a 200 day moving average price of $51.15. The company has a market capitalization of $5.67 billion, a P/E ratio of 17.07 and a beta of 1.53.

Bank of the Ozarks (NASDAQ:OZRK) last posted its quarterly earnings results on Tuesday, April 11th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The company had revenue of $219.83 million for the quarter, compared to analyst estimates of $225.45 million. Bank of the Ozarks had a return on equity of 12.33% and a net margin of 35.50%. During the same quarter last year, the company earned $0.57 EPS. On average, analysts forecast that Bank of the Ozarks will post $3.00 EPS for the current fiscal year.

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OZRK has been the subject of several research analyst reports. Keefe, Bruyette & Woods set a $56.00 target price on Bank of the Ozarks and gave the stock a “buy” rating in a research report on Monday, April 3rd. Zacks Investment Research downgraded Bank of the Ozarks from a “buy” rating to a “hold” rating in a research report on Thursday, April 13th. Brean Capital set a $63.00 target price on Bank of the Ozarks and gave the stock a “buy” rating in a research report on Wednesday, April 12th. Stephens reiterated a “buy” rating on shares of Bank of the Ozarks in a research report on Wednesday, May 24th. Finally, BidaskClub upgraded Bank of the Ozarks from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $52.43.

In other Bank of the Ozarks news, Director Walter J. Mullen III sold 505 shares of Bank of the Ozarks stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $50.31, for a total transaction of $25,406.55. Following the transaction, the director now owns 3,400 shares of the company’s stock, valued at $171,054. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Paula H. Cholmondeley purchased 1,214 shares of the business’s stock in a transaction on Thursday, April 20th. The shares were purchased at an average cost of $49.36 per share, for a total transaction of $59,923.04. Following the transaction, the director now owns 6,227 shares of the company’s stock, valued at $307,364.72. The disclosure for this purchase can be found here. Insiders have sold a total of 22,760 shares of company stock worth $1,078,619 in the last three months. Corporate insiders own 6.70% of the company’s stock.

Bank of the Ozarks Company Profile

Bank of the Ozarks, Inc is a bank holding company. The Company owns an Arkansas state chartered subsidiary bank, Bank of the Ozarks (the Bank). The Company provides a range of retail and commercial banking services. Its deposit services include checking, savings, money market, time deposit and individual retirement accounts.

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