State of Wisconsin Investment Board boosted its stake in Bank of the Ozarks (NASDAQ:OZRK) by 0.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 373,634 shares of the financial services provider’s stock after purchasing an additional 1,774 shares during the quarter. State of Wisconsin Investment Board owned about 0.29% of Bank of the Ozarks worth $17,953,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of OZRK. Exane Derivatives bought a new position in shares of Bank of the Ozarks in the second quarter valued at $119,000. V Wealth Management LLC bought a new position in shares of Bank of the Ozarks in the second quarter valued at $174,000. BB&T Investment Services Inc. bought a new position in shares of Bank of the Ozarks in the second quarter valued at $190,000. Opus Capital Group LLC bought a new position in shares of Bank of the Ozarks in the second quarter valued at $203,000. Finally, Cigna Investments Inc. New bought a new position in shares of Bank of the Ozarks in the second quarter valued at $221,000. Institutional investors and hedge funds own 87.84% of the company’s stock.
A number of research firms have weighed in on OZRK. Stephens set a $48.00 price objective on shares of Bank of the Ozarks and gave the company a “hold” rating in a research note on Thursday, August 3rd. Raymond James Financial, Inc. dropped their price objective on shares of Bank of the Ozarks from $59.00 to $57.00 and set an “outperform” rating on the stock in a research note on Thursday, October 12th. Zacks Investment Research raised shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a research note on Friday, October 13th. Brean Capital reaffirmed a “buy” rating on shares of Bank of the Ozarks in a research note on Wednesday, August 2nd. Finally, ValuEngine lowered shares of Bank of the Ozarks from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $54.13.
Bank of the Ozarks (NASDAQ:OZRK) opened at $43.06 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.99 and a debt-to-equity ratio of 0.07. Bank of the Ozarks has a 12-month low of $40.15 and a 12-month high of $56.86. The firm has a market cap of $5,562.63, a PE ratio of 14.70, a P/E/G ratio of 1.21 and a beta of 1.50.
Bank of the Ozarks (NASDAQ:OZRK) last released its quarterly earnings results on Wednesday, October 11th. The financial services provider reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. Bank of the Ozarks had a net margin of 65.67% and a return on equity of 11.85%. The company had revenue of $242.47 million for the quarter, compared to analyst estimates of $243.67 million. During the same period last year, the firm earned $0.66 earnings per share. research analysts predict that Bank of the Ozarks will post 2.96 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, October 13th were given a $0.185 dividend. This is a positive change from Bank of the Ozarks’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, October 12th. This represents a $0.74 annualized dividend and a yield of 1.72%. Bank of the Ozarks’s payout ratio is currently 25.26%.
Bank of the Ozarks 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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