State Street Corp lifted its position in shares of Bank of the Ozarks (NASDAQ:OZRK) by 6.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 6,091,667 shares of the financial services provider’s stock after purchasing an additional 363,391 shares during the quarter. State Street Corp owned about 4.75% of Bank of the Ozarks worth $285,516,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Bank of the Ozarks by 8.6% during the 2nd quarter. Vanguard Group Inc. now owns 10,724,158 shares of the financial services provider’s stock worth $502,641,000 after purchasing an additional 852,398 shares during the period. BlackRock Inc. lifted its position in Bank of the Ozarks by 4.8% during the 2nd quarter. BlackRock Inc. now owns 10,457,898 shares of the financial services provider’s stock worth $490,162,000 after acquiring an additional 480,415 shares in the last quarter. FMR LLC lifted its position in Bank of the Ozarks by 4.1% during the 2nd quarter. FMR LLC now owns 5,010,828 shares of the financial services provider’s stock worth $234,858,000 after acquiring an additional 197,825 shares in the last quarter. Principal Financial Group Inc. lifted its position in Bank of the Ozarks by 144.6% during the 2nd quarter. Principal Financial Group Inc. now owns 3,138,880 shares of the financial services provider’s stock worth $147,117,000 after acquiring an additional 1,855,697 shares in the last quarter. Finally, Prudential PLC lifted its position in Bank of the Ozarks by 16.8% during the 2nd quarter. Prudential PLC now owns 2,124,000 shares of the financial services provider’s stock worth $99,552,000 after acquiring an additional 305,800 shares in the last quarter. Institutional investors and hedge funds own 86.43% of the company’s stock.

Several research firms recently commented on OZRK. Zacks Investment Research raised Bank of the Ozarks from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Piper Jaffray Companies reissued an “overweight” rating and set a $55.00 price target on shares of Bank of the Ozarks in a research report on Thursday, October 5th. Stephens set a $48.00 price target on Bank of the Ozarks and gave the company a “hold” rating in a research report on Friday, July 28th. Keefe, Bruyette & Woods set a $56.00 price target on Bank of the Ozarks and gave the company a “buy” rating in a research report on Thursday, July 6th. Finally, BidaskClub lowered Bank of the Ozarks from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $54.13.

Bank of the Ozarks (NASDAQ OZRK) opened at 45.19 on Monday. The stock has a 50 day moving average price of $44.98 and a 200 day moving average price of $46.22. Bank of the Ozarks has a 1-year low of $35.53 and a 1-year high of $56.86. The company has a market cap of $5.79 billion, a PE ratio of 15.41 and a beta of 1.53.

Bank of the Ozarks (NASDAQ:OZRK) last released its earnings results on Wednesday, October 11th. The financial services provider reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.01. The company had revenue of $242.47 million during the quarter, compared to analysts’ expectations of $243.67 million. Bank of the Ozarks had a return on equity of 11.85% and a net margin of 65.67%. During the same period last year, the firm earned $0.66 EPS. Equities analysts forecast that Bank of the Ozarks will post $2.96 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 13th will be paid a $0.185 dividend. This is a boost from Bank of the Ozarks’s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Thursday, October 12th. Bank of the Ozarks’s dividend payout ratio (DPR) is 25.26%.

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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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