Bank of the Ozarks (OZRK) Shares Bought by Nationwide Fund Advisors
Nationwide Fund Advisors grew its position in Bank of the Ozarks (NASDAQ:OZRK) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 651,462 shares of the financial services provider’s stock after purchasing an additional 10,763 shares during the period. Nationwide Fund Advisors owned approximately 0.51% of Bank of the Ozarks worth $31,303,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BB&T Investment Services Inc. purchased a new stake in shares of Bank of the Ozarks during the 2nd quarter valued at about $190,000. Opus Capital Group LLC purchased a new stake in shares of Bank of the Ozarks during the 2nd quarter valued at about $203,000. Cigna Investments Inc. New purchased a new stake in shares of Bank of the Ozarks during the 2nd quarter valued at about $221,000. Edge Wealth Management LLC purchased a new stake in shares of Bank of the Ozarks during the 2nd quarter valued at about $235,000. Finally, First Allied Advisory Services Inc. purchased a new stake in shares of Bank of the Ozarks during the 2nd quarter valued at about $237,000. 86.32% of the stock is currently owned by institutional investors and hedge funds.
OZRK has been the topic of several analyst reports. Zacks Investment Research upgraded Bank of the Ozarks from a “sell” rating to a “hold” rating in a report on Monday, August 28th. Brean Capital restated a “buy” rating on shares of Bank of the Ozarks in a report on Monday, October 30th. Morgan Stanley started coverage on Bank of the Ozarks in a report on Wednesday, August 2nd. They set an “overweight” rating and a $54.00 price objective on the stock. Stephens set a $48.00 price objective on Bank of the Ozarks and gave the stock a “hold” rating in a report on Friday, July 28th. Finally, BidaskClub upgraded Bank of the Ozarks from a “strong sell” rating to a “sell” rating in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $54.13.
Bank of the Ozarks (NASDAQ:OZRK) opened at $44.22 on Friday. The company has a market capitalization of $5,722.81, a P/E ratio of 15.12, a PEG ratio of 1.25 and a beta of 1.50. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.93 and a quick ratio of 0.99. Bank of the Ozarks has a 12-month low of $40.15 and a 12-month high of $56.86.
Bank of the Ozarks (NASDAQ:OZRK) last issued its earnings results on Wednesday, October 11th. The financial services provider reported $0.75 EPS for the quarter, topping the consensus estimate of $0.74 by $0.01. The company had revenue of $242.47 million during the quarter, compared to analyst estimates of $243.67 million. Bank of the Ozarks had a return on equity of 11.85% and a net margin of 65.67%. During the same quarter last year, the firm earned $0.66 EPS. research analysts expect that Bank of the Ozarks will post 2.96 earnings per share for the current 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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