Dividend Assets Capital LLC Has $45.68 Million Position in Bank of the Ozarks (OZRK)
Dividend Assets Capital LLC decreased its position in Bank of the Ozarks (NASDAQ:OZRK) by 9.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 950,635 shares of the financial services provider’s stock after selling 99,487 shares during the quarter. Bank of the Ozarks comprises about 1.9% of Dividend Assets Capital LLC’s holdings, making the stock its 21st largest position. Dividend Assets Capital LLC owned 0.74% of Bank of the Ozarks worth $45,678,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Exane Derivatives acquired a new position in shares of Bank of the Ozarks during the 2nd quarter valued at about $119,000. V Wealth Management LLC acquired a new position in shares of Bank of the Ozarks during the 2nd quarter valued at about $174,000. BB&T Investment Services Inc. acquired a new position in shares of Bank of the Ozarks during the 2nd quarter valued at about $190,000. Opus Capital Group LLC acquired a new position in shares of Bank of the Ozarks during the 2nd quarter valued at about $203,000. Finally, Cigna Investments Inc. New acquired a new position in shares of Bank of the Ozarks during the 2nd quarter valued at about $221,000. 87.84% of the stock is owned by hedge funds and other institutional investors.
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A number of research firms have recently commented on OZRK. 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 Monday, October 30th. 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. Morgan Stanley began coverage on shares of Bank of the Ozarks in a research note on Wednesday, August 2nd. They set an “overweight” rating and a $54.00 price objective for the company. Finally, 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $54.13.
Shares of Bank of the Ozarks (NASDAQ:OZRK) traded down $0.02 during trading hours on Monday, hitting $43.06. The stock had a trading volume of 733,600 shares, compared to its average volume of 1,235,031. The company has a quick ratio of 0.99, a current ratio of 0.93 and a debt-to-equity ratio of 0.07. Bank of the Ozarks has a 1-year low of $40.15 and a 1-year high of $56.86. The stock has a market cap of $5,490.00, a PE ratio of 14.70, a P/E/G ratio of 1.21 and a beta of 1.51.
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, topping the Zacks’ consensus estimate of $0.74 by $0.01. Bank of the Ozarks had a return on equity of 11.85% and a net margin of 65.67%. The business had revenue of $242.47 million during the quarter, compared to analysts’ expectations of $243.67 million. During the same quarter in the previous year, the business earned $0.66 EPS. research analysts expect that Bank of the Ozarks will post 2.96 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, October 13th were issued a dividend of $0.185 per share. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.72%. This is a boost from Bank of the Ozarks’s previous quarterly dividend of $0.18. Bank of the Ozarks’s payout ratio is presently 27.31%.
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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