LMR Partners LLP bought a new stake in shares of Bank of the Ozarks (NASDAQ:OZRK) during the second quarter, Holdings Channel reports. The firm bought 87,876 shares of the financial services provider’s stock, valued at approximately $4,119,000.

Several other hedge funds have also modified their holdings of OZRK. Bellwether Investment Group LLC raised its position in Bank of the Ozarks by 0.4% in the first quarter. Bellwether Investment Group LLC now owns 5,162 shares of the financial services provider’s stock worth $268,000 after buying an additional 22 shares during the period. Clifford Swan Investment Counsel LLC raised its position in Bank of the Ozarks by 0.3% in the first quarter. Clifford Swan Investment Counsel LLC now owns 11,276 shares of the financial services provider’s stock worth $586,000 after buying an additional 34 shares during the period. Northwestern Mutual Investment Management Company LLC raised its position in Bank of the Ozarks by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 15,711 shares of the financial services provider’s stock worth $817,000 after buying an additional 52 shares during the period. World Asset Management Inc raised its position in Bank of the Ozarks by 2.3% in the first quarter. World Asset Management Inc now owns 5,624 shares of the financial services provider’s stock worth $293,000 after buying an additional 129 shares during the period. Finally, First Midwest Bank Trust Division raised its position in Bank of the Ozarks by 0.4% in the second quarter. First Midwest Bank Trust Division now owns 33,502 shares of the financial services provider’s stock worth $1,570,000 after buying an additional 143 shares during the period. Institutional investors and hedge funds own 86.49% of the company’s stock.

Shares of Bank of the Ozarks (OZRK) opened at 42.31 on Tuesday. The company has a market capitalization of $5.42 billion, a P/E ratio of 14.88 and a beta of 1.52. The company’s 50 day moving average is $45.85 and its 200-day moving average is $49.29. Bank of the Ozarks has a 1-year low of $35.53 and a 1-year high of $56.86.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 14th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, July 12th. This is an increase from Bank of the Ozarks’s previous quarterly dividend of $0.18. This represents a $0.72 annualized dividend and a yield of 1.70%. Bank of the Ozarks’s dividend payout ratio (DPR) is currently 25.35%.

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OZRK has been the topic of a number of recent analyst reports. BidaskClub lowered shares of Bank of the Ozarks from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Brean Capital restated a “buy” rating on shares of Bank of the Ozarks in a research report on Wednesday, August 2nd. Keefe, Bruyette & Woods restated a “buy” rating and issued a $56.00 price target on shares of Bank of the Ozarks in a research report on Wednesday, May 3rd. Stephens set a $48.00 target price on shares of Bank of the Ozarks and gave the stock a “hold” rating in a research note on Friday, July 28th. Finally, Morgan Stanley initiated coverage on shares of Bank of the Ozarks in a research note on Wednesday, August 2nd. They issued an “overweight” rating and a $54.00 target price for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s 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 Bank of the Ozarks stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $46.00, for a total transaction of $47,564.00. Following the sale, the director now directly owns 8,600 shares in the company, valued at approximately $395,600. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 6.70% of the stock is owned by company insiders.

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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