Paradigm Asset Management Co. LLC cut its stake in Bank of the Ozarks (NASDAQ:OZRK) by 38.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,950 shares of the financial services provider’s stock after selling 1,850 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Bank of the Ozarks were worth $138,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Tygh Capital Management Inc. increased its stake in shares of Bank of the Ozarks by 7.9% in the second quarter. Tygh Capital Management Inc. now owns 121,996 shares of the financial services provider’s stock valued at $5,718,000 after buying an additional 8,943 shares during the period. American Century Companies Inc. increased its stake in shares of Bank of the Ozarks by 15.0% in the second quarter. American Century Companies Inc. now owns 1,155,532 shares of the financial services provider’s stock worth $54,160,000 after buying an additional 150,562 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Bank of the Ozarks by 3.7% in the second quarter. Victory Capital Management Inc. now owns 102,402 shares of the financial services provider’s stock worth $4,800,000 after buying an additional 3,618 shares during the last quarter. Federated Investors Inc. PA increased its stake in shares of Bank of the Ozarks by 28.2% in the second quarter. Federated Investors Inc. PA now owns 50,898 shares of the financial services provider’s stock worth $2,386,000 after buying an additional 11,186 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its stake in shares of Bank of the Ozarks by 65.8% in the second quarter. State Board of Administration of Florida Retirement System now owns 87,658 shares of the financial services provider’s stock worth $4,109,000 after buying an additional 34,801 shares during the last quarter. 87.90% of the stock is owned by hedge funds and other institutional investors.

Shares of Bank of the Ozarks (NASDAQ OZRK) opened at 42.10 on Wednesday. Bank of the Ozarks has a 12 month low of $35.53 and a 12 month high of $56.86. The stock has a market capitalization of $5.40 billion, a P/E ratio of 14.80 and a beta of 1.52. The company’s 50 day moving average price is $44.61 and its 200-day moving average price is $48.52.

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 (EPS) for the quarter, hitting the Thomson Reuters’ 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 firm had revenue of $237.30 million during the quarter, compared to analysts’ expectations of $232.85 million. During the same quarter last year, the company posted $0.60 earnings per share. The firm’s revenue was up 64.8% compared to the same quarter last year. Equities analysts predict that Bank of the Ozarks will post $2.97 earnings per share for the current year.

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OZRK has been the subject of a number of research analyst reports. Brean Capital reaffirmed a “buy” rating on shares of Bank of the Ozarks in a research report on Wednesday, August 2nd. Stephens reaffirmed a “buy” rating on shares of Bank of the Ozarks in a research report on Wednesday, May 24th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $56.00 price target on shares of Bank of the Ozarks in a research report on Wednesday, May 3rd. BidaskClub raised Bank of the Ozarks from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, Zacks Investment Research raised Bank of the Ozarks from a “sell” rating to a “hold” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $52.25.

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.

Institutional Ownership by Quarter for Bank of the Ozarks (NASDAQ:OZRK)

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