Icon Advisers Inc. Co. Raises Stake in Bank of the Ozarks (OZRK)

Icon Advisers Inc. Co. grew its holdings in Bank of the Ozarks (NASDAQ:OZRK) by 261.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,200 shares of the financial services provider’s stock after purchasing an additional 17,500 shares during the period. Icon Advisers Inc. Co.’s holdings in Bank of the Ozarks were worth $1,134,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. TIAA CREF Investment Management LLC increased its holdings in shares of Bank of the Ozarks by 33.4% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 338,621 shares of the financial services provider’s stock valued at $15,871,000 after purchasing an additional 84,715 shares during the period. Stephens Inc. AR increased its holdings in shares of Bank of the Ozarks by 9.2% in the 2nd quarter. Stephens Inc. AR now owns 95,637 shares of the financial services provider’s stock valued at $4,482,000 after purchasing an additional 8,073 shares during the period. Symphony Asset Management LLC increased its holdings in shares of Bank of the Ozarks by 28.1% in the 2nd quarter. Symphony Asset Management LLC now owns 12,925 shares of the financial services provider’s stock valued at $606,000 after purchasing an additional 2,832 shares during the period. Riverhead Capital Management LLC increased its holdings in shares of Bank of the Ozarks by 306.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 11,793 shares of the financial services provider’s stock valued at $553,000 after purchasing an additional 8,893 shares during the period. Finally, Capital Fund Management S.A. acquired a new position in shares of Bank of the Ozarks in the 2nd quarter valued at about $2,229,000. Institutional investors own 87.90% of the company’s stock.

Bank of the Ozarks (NASDAQ:OZRK) opened at 43.44 on Friday. The company has a 50-day moving average price of $42.53 and a 200-day moving average price of $47.25. Bank of the Ozarks has a 12-month low of $35.53 and a 12-month high of $56.86. The firm has a market cap of $5.57 billion, a P/E ratio of 15.27 and a beta of 1.53.

Bank of the Ozarks (NASDAQ:OZRK) last announced its earnings results on Wednesday, July 12th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.73. Bank of the Ozarks had a return on equity of 11.75% and a net margin of 46.15%. The business had revenue of $237.30 million for the quarter, compared to analyst estimates of $232.85 million. During the same quarter last year, the firm earned $0.60 EPS. Bank of the Ozarks’s revenue for the quarter was up 64.8% compared to the same quarter last year. On average, analysts predict that Bank of the Ozarks will post $2.97 earnings per share for the current year.

A number of equities analysts have recently weighed in on the company. ValuEngine downgraded Bank of the Ozarks from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Bank of the Ozarks from a “sell” rating to a “hold” rating in a report on Monday, August 28th. BidaskClub upgraded Bank of the Ozarks from a “strong sell” rating to a “sell” rating in a report on Friday, August 4th. Stephens set a $48.00 target price on Bank of the Ozarks and gave the company a “hold” rating in a report on Thursday, August 3rd. Finally, Brean Capital reiterated a “buy” rating on shares of Bank of the Ozarks in a report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $53.14.

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

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