Bank of the Ozarks (OZRK) Stake Decreased by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC lowered its stake in shares of Bank of the Ozarks (NASDAQ:OZRK) by 2.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 179,370 shares of the financial services provider’s stock after selling 4,744 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.14% of Bank of the Ozarks worth $8,407,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Exane Derivatives acquired a new stake in shares of Bank of the Ozarks during the second quarter worth approximately $119,000. V Wealth Management LLC acquired a new stake in shares of Bank of the Ozarks during the second quarter worth approximately $174,000. Opus Capital Group LLC acquired a new stake in shares of Bank of the Ozarks during the second quarter worth approximately $203,000. Cigna Investments Inc. New acquired a new stake in shares of Bank of the Ozarks during the second quarter worth approximately $221,000. Finally, Edge Wealth Management LLC acquired a new stake in shares of Bank of the Ozarks during the second quarter worth approximately $235,000. 86.43% of the stock is owned by institutional investors and hedge funds.

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OZRK has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a research report on Monday, August 28th. BidaskClub downgraded shares of Bank of the Ozarks from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Morgan Stanley initiated coverage on shares of Bank of the Ozarks in a research report on Wednesday, August 2nd. They set an “overweight” rating and a $54.00 price target for the company. Stephens set a $48.00 price target on shares of Bank of the Ozarks and gave the stock a “hold” rating in a research report on Friday, July 28th. Finally, Piper Jaffray Companies reissued an “overweight” rating and set a $55.00 price target on shares of Bank of the Ozarks in a research report on Thursday, October 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. Bank of the Ozarks has an average rating of “Hold” and a consensus target price of $54.13.

Bank of the Ozarks (OZRK) opened at 45.19 on Monday. The company’s 50-day moving average price is $44.98 and its 200 day moving average price is $46.22. Bank of the Ozarks has a 52 week low of $35.53 and a 52 week high of $56.86. The company has a market capitalization of $5.79 billion, a PE ratio of 15.41 and a beta of 1.53.

Bank of the Ozarks (NASDAQ:OZRK) last released its quarterly earnings data on Wednesday, October 11th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. The business had revenue of $242.47 million for the quarter, compared to analysts’ expectations of $243.67 million. Bank of the Ozarks had a return on equity of 11.85% and a net margin of 65.67%. During the same period in the previous year, the business posted $0.66 earnings per share. On average, equities research analysts anticipate that Bank of the Ozarks will post $2.96 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 13th will be given a dividend of $0.185 per share. The ex-dividend date is Thursday, October 12th. This is a boost from Bank of the Ozarks’s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.64%. Bank of the Ozarks’s payout ratio is currently 25.26%.

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.

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

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