Rhumbline Advisers Purchases 44,767 Shares of Bank of the Ozarks (OZRK)
Rhumbline Advisers lifted its position in shares of Bank of the Ozarks (NASDAQ:OZRK) by 17.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 296,132 shares of the financial services provider’s stock after buying an additional 44,767 shares during the quarter. Rhumbline Advisers owned approximately 0.23% of Bank of the Ozarks worth $14,229,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. BB&T Investment Services Inc. purchased a new stake in shares of Bank of the Ozarks during the second quarter worth about $190,000. Opus Capital Group LLC acquired a new stake in shares of Bank of the Ozarks in the second quarter worth approximately $203,000. Cigna Investments Inc. New acquired a new stake in shares of Bank of the Ozarks in the second quarter worth approximately $221,000. Edge Wealth Management LLC acquired a new stake in shares of Bank of the Ozarks in the second quarter worth approximately $235,000. Finally, First Allied Advisory Services Inc. acquired a new stake in shares of Bank of the Ozarks in the second quarter worth approximately $237,000. Institutional investors and hedge funds own 86.32% of the company’s stock.
OZRK has been the topic of several research analyst reports. Piper Jaffray Companies reissued an “overweight” rating and issued a $55.00 target price on shares of Bank of the Ozarks in a research report on Thursday, October 5th. Zacks Investment Research raised shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a research report on Monday, August 28th. Brean Capital reissued a “buy” rating on shares of Bank of the Ozarks in a research report on Monday, October 23rd. ValuEngine cut shares of Bank of the Ozarks from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, BidaskClub raised shares of Bank of the Ozarks from a “strong sell” rating to a “sell” rating in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. Bank of the Ozarks presently has a consensus rating of “Hold” and a consensus price target of $54.13.
Bank of the Ozarks (NASDAQ:OZRK) opened at $44.30 on Thursday. The firm has a market cap of $5,742.19, a P/E ratio of 15.17, a price-to-earnings-growth ratio of 1.25 and a beta of 1.50. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.99 and a current ratio of 0.93. 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 announced its quarterly earnings results on Wednesday, October 11th. The financial services provider reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. The firm had revenue of $242.47 million for the quarter, compared to analysts’ expectations of $243.67 million. Bank of the Ozarks had a net margin of 65.67% and a return on equity of 11.85%. During the same period in the previous year, the company posted $0.66 earnings per share. equities research analysts predict that Bank of the Ozarks will post 2.96 EPS 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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