Kings Point Capital Management bought a new stake in shares of Bank of the Ozarks (NASDAQ:OZRK) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 42,763 shares of the financial services provider’s stock, valued at approximately $2,004,000.
Other institutional investors also recently added to or reduced their stakes in the company. Teachers Advisors LLC increased its stake in shares of Bank of the Ozarks by 6.2% in the fourth quarter. Teachers Advisors LLC now owns 168,494 shares of the financial services provider’s stock valued at $8,861,000 after buying an additional 9,905 shares during the period. Creative Planning increased its stake in shares of Bank of the Ozarks by 46.0% in the first quarter. Creative Planning now owns 4,556 shares of the financial services provider’s stock valued at $237,000 after buying an additional 1,436 shares during the period. Capstone Asset Management Co. increased its stake in shares of Bank of the Ozarks by 2.6% in the first quarter. Capstone Asset Management Co. now owns 9,802 shares of the financial services provider’s stock valued at $510,000 after buying an additional 250 shares during the period. Retirement Systems of Alabama increased its stake in shares of Bank of the Ozarks by 0.3% in the first quarter. Retirement Systems of Alabama now owns 117,697 shares of the financial services provider’s stock valued at $6,121,000 after buying an additional 364 shares during the period. Finally, Profund Advisors LLC increased its stake in shares of Bank of the Ozarks by 3.4% in the first quarter. Profund Advisors LLC now owns 19,092 shares of the financial services provider’s stock valued at $993,000 after buying an additional 622 shares during the period. 86.49% of the stock is currently owned by hedge funds and other institutional investors.
Bank of the Ozarks (NASDAQ OZRK) traded down 0.54% on Friday, hitting $42.20. The company had a trading volume of 800,549 shares. The company has a market capitalization of $5.41 billion, a P/E ratio of 14.84 and a beta of 1.52. The stock’s 50-day moving average price is $44.61 and its 200 day moving average price is $48.52. Bank of the Ozarks has a one year low of $35.53 and a one year high of $56.86.
Bank of the Ozarks (NASDAQ:OZRK) last issued its quarterly earnings data on Wednesday, July 12th. The financial services provider reported $0.73 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.73. Bank of the Ozarks had a net margin of 46.15% and a return on equity of 11.75%. The business had revenue of $237.30 million during the quarter, compared to analyst estimates of $232.85 million. During the same period last year, the business posted $0.60 earnings per share. Bank of the Ozarks’s quarterly revenue was up 64.8% compared to the same quarter last year. On average, analysts expect that Bank of the Ozarks will post $2.97 EPS for the current fiscal year.
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Several brokerages have issued reports on OZRK. Stephens set a $64.00 price target on Bank of the Ozarks and gave the stock a “buy” rating in a report on Thursday, June 22nd. BidaskClub upgraded Bank of the Ozarks from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Morgan Stanley began coverage on Bank of the Ozarks in a report on Wednesday, August 2nd. They issued an “overweight” rating and a $54.00 price target for the company. Brean Capital restated a “buy” rating and issued a $59.00 price target on shares of Bank of the Ozarks in a report on Friday, July 14th. Finally, Keefe, Bruyette & Woods set a $56.00 price target on Bank of the Ozarks and gave the stock a “buy” rating in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. Bank of the Ozarks has a consensus rating of “Hold” and an average target price of $52.25.
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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