Eaton Vance Management trimmed its stake in Bank of the Ozarks (NASDAQ:OZRK) by 4.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 361,768 shares of the financial services provider’s stock after selling 15,095 shares during the quarter. Eaton Vance Management owned 0.28% of Bank of the Ozarks worth $16,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently bought and sold shares of OZRK. Exane Derivatives purchased a new stake in shares of Bank of the Ozarks in the second quarter worth approximately $119,000. Glen Harbor Capital Management LLC raised its position in Bank of the Ozarks by 9.3% during the first quarter. Glen Harbor Capital Management LLC now owns 2,624 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 224 shares in the last quarter. V Wealth Management LLC bought a new position in Bank of the Ozarks during the second quarter valued at approximately $174,000. Tyers Asset Management LLC raised its position in Bank of the Ozarks by 9.3% during the first quarter. Tyers Asset Management LLC now owns 3,608 shares of the financial services provider’s stock valued at $188,000 after acquiring an additional 308 shares in the last quarter. Finally, Opus Capital Group LLC bought a new position in Bank of the Ozarks during the second quarter valued at approximately $203,000. 87.90% of the stock is owned by institutional investors and hedge funds.
OZRK has been the topic of several recent research reports. Brean Capital reaffirmed a “buy” rating on shares of Bank of the Ozarks in a research report on Wednesday, August 2nd. Keefe, Bruyette & Woods set a $56.00 price objective on shares of Bank of the Ozarks and gave the company a “buy” rating in a research report on Thursday, July 6th. Stephens reaffirmed a “buy” rating on shares of Bank of the Ozarks in a research report on Wednesday, May 24th. BidaskClub raised shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $52.25.
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Bank of the Ozarks (NASDAQ:OZRK) opened at 40.94 on Monday. Bank of the Ozarks has a 12 month low of $35.53 and a 12 month high of $56.86. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 14.40 and a beta of 1.53. The company’s 50-day moving average is $43.11 and its 200 day moving average is $47.67.
Bank of the Ozarks (NASDAQ:OZRK) last released its earnings results on Wednesday, July 12th. The financial services provider reported $0.73 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.73. The firm had revenue of $237.30 million for the quarter, compared to analysts’ expectations of $232.85 million. Bank of the Ozarks had a return on equity of 11.75% and a net margin of 46.15%. The business’s quarterly revenue was up 64.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 EPS. Equities analysts forecast that Bank of the Ozarks will post $2.97 earnings per share for the current fiscal year.
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.
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