Janney Montgomery Scott LLC increased its position in Bank of the Ozarks (NASDAQ:OZRK) by 9.3% during the second quarter, Holdings Channel reports. The fund owned 25,548 shares of the financial services provider’s stock after buying an additional 2,181 shares during the period. Janney Montgomery Scott LLC’s holdings in Bank of the Ozarks were worth $1,197,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of OZRK. Teachers Advisors LLC raised its position in Bank of the Ozarks by 6.2% in the fourth quarter. Teachers Advisors LLC now owns 168,494 shares of the financial services provider’s stock worth $8,861,000 after buying an additional 9,905 shares during the last quarter. Creative Planning raised its position in Bank of the Ozarks by 46.0% in the first quarter. Creative Planning now owns 4,556 shares of the financial services provider’s stock worth $237,000 after buying an additional 1,436 shares during the last quarter. Bank of Montreal Can raised its position in Bank of the Ozarks by 86.4% in the first quarter. Bank of Montreal Can now owns 660,685 shares of the financial services provider’s stock worth $34,362,000 after buying an additional 306,284 shares during the last quarter. Capstone Asset Management Co. raised its position in Bank of the Ozarks by 2.6% in the first quarter. Capstone Asset Management Co. now owns 9,802 shares of the financial services provider’s stock worth $510,000 after buying an additional 250 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in Bank of the Ozarks by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 23,000 shares of the financial services provider’s stock worth $1,196,000 after buying an additional 500 shares during the last quarter. 85.32% of the stock is owned by hedge funds and other institutional investors.

Shares of Bank of the Ozarks (NASDAQ:OZRK) opened at 41.59 on Friday. The stock has a market cap of $5.33 billion, a P/E ratio of 14.62 and a beta of 1.52. The company has a 50 day moving average price of $45.94 and a 200-day moving average price of $49.47. Bank of the Ozarks has a 12 month low of $35.53 and a 12 month high of $56.86.

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

The company also recently announced a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 14th were issued a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $0.72 annualized dividend and a yield of 1.73%. This is an increase from Bank of the Ozarks’s previous quarterly dividend of $0.18. Bank of the Ozarks’s dividend payout ratio is currently 25.35%.

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A number of equities analysts have recently commented on OZRK shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $56.00 price target on shares of Bank of the Ozarks in a report on Wednesday, May 3rd. Brean Capital set a $63.00 price target on Bank of the Ozarks and gave the stock a “buy” rating in a report on Thursday, May 18th. Stephens reaffirmed a “buy” rating on shares of Bank of the Ozarks in a report on Wednesday, May 24th. BidaskClub raised Bank of the Ozarks from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Finally, Morgan Stanley started coverage on Bank of the Ozarks in a report on Wednesday, August 2nd. They issued an “overweight” rating and a $54.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $52.11.

In related news, Director Peter C. Kenny sold 1,034 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $46.00, for a total value of $47,564.00. Following the completion of the transaction, the director now owns 8,600 shares of the company’s stock, valued at approximately $395,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.70% of the company’s stock.

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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