Bank Of The Ozarks Inc (OZRK) Holdings Lifted by Lathrop Investment Management Corp
Lathrop Investment Management Corp boosted its position in shares of Bank Of The Ozarks Inc (NASDAQ:OZRK) by 44.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,878 shares of the financial services provider’s stock after buying an additional 3,328 shares during the quarter. Lathrop Investment Management Corp’s holdings in Bank Of The Ozarks were worth $527,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Willingdon Wealth Management purchased a new position in Bank Of The Ozarks during the third quarter worth $104,000. BB&T Investment Services Inc. purchased a new position in Bank Of The Ozarks during the second quarter worth $190,000. Cadence Capital Management LLC purchased a new position in Bank Of The Ozarks during the third quarter worth $202,000. Dorsey & Whitney Trust CO LLC purchased a new position in Bank Of The Ozarks during the third quarter worth $217,000. Finally, First Allied Advisory Services Inc. purchased a new position in Bank Of The Ozarks during the second quarter worth $237,000. 84.97% of the stock is owned by institutional investors.
Several research analysts have commented on the stock. Zacks Investment Research raised shares of Bank Of The Ozarks from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Friday, January 5th. Barclays assumed coverage on shares of Bank Of The Ozarks in a research note on Wednesday, January 3rd. They set an “overweight” rating and a $60.00 price objective for the company. Brean Capital reaffirmed a “buy” rating and set a $65.00 price objective on shares of Bank Of The Ozarks in a research note on Tuesday, January 2nd. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $55.00 price objective on shares of Bank Of The Ozarks in a research note on Thursday, October 5th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $54.00 price objective on shares of Bank Of The Ozarks in a research note on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $55.56.
Bank Of The Ozarks (NASDAQ:OZRK) last issued its earnings results on Wednesday, October 11th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.01. The firm had revenue of $242.47 million during the quarter, compared to analyst estimates of $243.67 million. Bank Of The Ozarks had a net margin of 65.67% and a return on equity of 11.85%. During the same period in the previous year, the firm earned $0.66 earnings per share. analysts anticipate that Bank Of The Ozarks Inc will post 2.95 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 19th will be paid a dividend of $0.19 per share. This is a positive change from Bank Of The Ozarks’s previous quarterly dividend of $0.19. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Thursday, January 18th. Bank Of The Ozarks’s payout ratio is currently 27.31%.
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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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