Bank of the Ozarks (OZRK) Stake Decreased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its stake in shares of Bank of the Ozarks (NASDAQ:OZRK) by 9.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 796,904 shares of the financial services provider’s stock after selling 85,484 shares during the period. Dimensional Fund Advisors LP owned about 0.66% of Bank of the Ozarks worth $41,447,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in OZRK. Capital Impact Advisors LLC boosted its stake in Bank of the Ozarks by 97.8% in the first quarter. Capital Impact Advisors LLC now owns 43,561 shares of the financial services provider’s stock valued at $2,266,000 after buying an additional 21,539 shares during the period. Louisiana State Employees Retirement System boosted its stake in Bank of the Ozarks by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 23,000 shares of the financial services provider’s stock valued at $1,196,000 after buying an additional 500 shares during the period. Horrell Capital Management Inc. boosted its stake in Bank of the Ozarks by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 109,540 shares of the financial services provider’s stock valued at $5,697,000 after buying an additional 400 shares during the period. Capstone Asset Management Co. boosted its stake in 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. Finally, Bank of Montreal Can boosted its stake in Bank of the Ozarks by 86.4% in the first quarter. Bank of Montreal Can now owns 660,685 shares of the financial services provider’s stock valued at $34,362,000 after buying an additional 306,284 shares during the period. 85.32% of the stock is owned by institutional investors.

Bank of the Ozarks (OZRK) opened at 43.47 on Thursday. Bank of the Ozarks has a 1-year low of $35.53 and a 1-year high of $56.86. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 15.28 and a beta of 1.52. The company’s 50 day moving average is $46.58 and its 200 day moving average is $49.79.

Bank of the Ozarks (NASDAQ:OZRK) last issued its quarterly earnings results on Wednesday, July 12th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.73. Bank of the Ozarks had a net margin of 46.15% and a return on equity of 11.75%. The company had revenue of $237.30 million during the quarter, compared to the consensus estimate of $232.85 million. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The firm’s quarterly revenue was up 64.8% on a year-over-year basis. Equities research analysts forecast that Bank of the Ozarks will post $2.97 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 14th were paid a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $0.72 dividend on an annualized basis and a yield of 1.66%. This is an increase from Bank of the Ozarks’s previous quarterly dividend of $0.18. Bank of the Ozarks’s payout ratio is currently 25.35%.

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OZRK has been the subject of several research reports. Zacks Investment Research cut shares of 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 price target on shares of Bank of the Ozarks and gave the stock a “buy” rating in a research report on Wednesday, April 12th. BidaskClub raised shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $56.00 price target on shares of Bank of the Ozarks in a research report on Wednesday, May 3rd. Finally, 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $52.11.

In related news, Director Walter J. Mullen III sold 1,034 shares of Bank of the Ozarks stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $47.91, for a total value of $49,538.94. Following the completion of the transaction, the director now owns 3,400 shares in the company, valued at $162,894. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.70% of the stock is owned by insiders.

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.

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

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