Rice Hall James & Associates LLC boosted its stake in Bank of the Ozarks (NASDAQ:OZRK) by 22.6% during the second quarter, Holdings Channel reports. The fund owned 497,114 shares of the financial services provider’s stock after buying an additional 91,612 shares during the period. Bank of the Ozarks makes up approximately 1.0% of Rice Hall James & Associates LLC’s holdings, making the stock its 20th largest position. Rice Hall James & Associates LLC’s holdings in Bank of the Ozarks were worth $23,300,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of OZRK. Bellwether Investment Group LLC increased its stake in shares of 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 valued at $268,000 after buying an additional 22 shares during the period. Clifford Swan Investment Counsel LLC increased its stake in shares of 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 valued at $586,000 after buying an additional 34 shares during the period. Northwestern Mutual Investment Management Company LLC increased its stake in shares of 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 valued at $817,000 after buying an additional 52 shares during the period. World Asset Management Inc increased its stake in shares of 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 valued at $293,000 after buying an additional 129 shares during the period. Finally, First Midwest Bank Trust Division increased its stake in shares of 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 valued at $1,570,000 after buying an additional 143 shares during the period. 85.32% of the stock is currently owned by hedge funds and other institutional investors.

Bank of the Ozarks (OZRK) opened at 41.94 on Friday. The company has a market cap of $5.38 billion, a PE ratio of 14.75 and a beta of 1.52. Bank of the Ozarks has a 52 week low of $35.53 and a 52 week high of $56.86. The firm’s 50-day moving average is $46.07 and its 200-day moving average is $49.55.

Bank of the Ozarks (NASDAQ:OZRK) last posted its quarterly earnings data on Wednesday, July 12th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.73. The firm 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%. The business’s revenue for the quarter was up 64.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 EPS. On average, analysts expect that Bank of the Ozarks will post $2.97 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, July 14th were issued a $0.18 dividend. The ex-dividend date was Wednesday, July 12th. This represents a $0.72 dividend on an annualized basis and a yield of 1.72%. This is an increase from Bank of the Ozarks’s previous quarterly dividend of $0.18. Bank of the Ozarks’s payout ratio is currently 25.35%.

TRADEMARK VIOLATION NOTICE: This news story was reported by Watch List News and is the property of of Watch List News. If you are reading this news story on another publication, it was illegally stolen and republished in violation of United States & international copyright & trademark law. The correct version of this news story can be viewed at https://www.watchlistnews.com/rice-hall-james-associates-llc-increases-stake-in-bank-of-the-ozarks-nasdaqozrk/1474565.html.

OZRK has been the topic of several recent research reports. Brean Capital restated a “buy” rating and set a $59.00 price target on shares of Bank of the Ozarks in a report on Friday, July 14th. Keefe, Bruyette & Woods set a $56.00 price objective on Bank of the Ozarks and gave the stock a “buy” rating in a research report on Thursday, July 6th. Stephens set a $64.00 price target on Bank of the Ozarks and gave the stock a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research cut Bank of the Ozarks from a “buy” rating to a “hold” rating in a research note on Thursday, April 13th. Finally, BidaskClub upgraded Bank of the Ozarks from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $52.11.

In other Bank of the Ozarks news, Director Peter C. Kenny sold 1,034 shares of the business’s stock in a transaction dated 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 sale, the director now owns 8,600 shares of the company’s stock, valued at approximately $395,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.70% of the company’s stock.

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.

Want to see what other hedge funds are holding OZRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank of the Ozarks (NASDAQ:OZRK).

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

Receive News & Ratings for Bank of the Ozarks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of the Ozarks and related companies with Analyst Ratings Network's FREE daily email newsletter.