William Blair Investment Management LLC increased its position in shares of Bank of the Ozarks (NASDAQ:OZRK) by 403.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,702,863 shares of the financial services provider’s stock after buying an additional 2,165,819 shares during the period. William Blair Investment Management LLC owned approximately 2.23% of Bank of the Ozarks worth $142,144,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of OZRK. Aberdeen Asset Management PLC UK increased its position in Bank of the Ozarks by 28.3% in the second quarter. Aberdeen Asset Management PLC UK now owns 735,468 shares of the financial services provider’s stock worth $27,594,000 after buying an additional 162,103 shares in the last quarter. Investors Capital Advisory Services increased its position in Bank of the Ozarks by 19.5% in the second quarter. Investors Capital Advisory Services now owns 34,268 shares of the financial services provider’s stock worth $1,285,000 after buying an additional 5,588 shares in the last quarter. Cambridge Trust Co. increased its position in Bank of the Ozarks by 23.3% in the second quarter. Cambridge Trust Co. now owns 185,157 shares of the financial services provider’s stock worth $6,947,000 after buying an additional 35,045 shares in the last quarter. Neuberger Berman Group LLC increased its position in Bank of the Ozarks by 2.5% in the second quarter. Neuberger Berman Group LLC now owns 2,976,602 shares of the financial services provider’s stock worth $111,682,000 after buying an additional 73,887 shares in the last quarter. Finally, BlackRock Advisors LLC increased its position in Bank of the Ozarks by 7.6% in the second quarter. BlackRock Advisors LLC now owns 39,395 shares of the financial services provider’s stock worth $1,478,000 after buying an additional 2,766 shares in the last quarter. Hedge funds and other institutional investors own 91.19% of the company’s stock.

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

Bank of the Ozarks (NASDAQ:OZRK) traded down 0.89% during mid-day trading on Thursday, hitting $55.54. The company has a 50 day moving average price of $53.95 and a 200-day moving average price of $44.66. The firm has a market cap of $6.74 billion, a PE ratio of 21.53 and a beta of 1.51. Bank of the Ozarks has a 1-year low of $33.51 and a 1-year high of $56.49.

Bank of the Ozarks (NASDAQ:OZRK) last posted its quarterly earnings results on Tuesday, January 17th. The financial services provider reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.03. Bank of the Ozarks had a return on equity of 12.55% and a net margin of 35.19%. The business had revenue of $225.40 million for the quarter, compared to the consensus estimate of $215.69 million. During the same period in the prior year, the business earned $0.57 EPS. Equities analysts forecast that Bank of the Ozarks will post $3.07 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, January 27th. Investors of record on Friday, January 20th were paid a dividend of $0.17 per share. This is an increase from Bank of the Ozarks’s previous quarterly dividend of $0.17. This represents a $0.68 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Wednesday, January 18th. Bank of the Ozarks’s dividend payout ratio is 26.67%.

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A number of research analysts have weighed in on OZRK shares. Brean Capital began coverage on Bank of the Ozarks in a research note on Wednesday, November 30th. They issued a “buy” rating and a $54.00 price target for the company. BB&T Corporation began coverage on Bank of the Ozarks in a research report on Thursday, December 1st. They issued a “buy” rating and a $54.00 price objective for the company. Finally, Zacks Investment Research raised Bank of the Ozarks from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Tuesday, December 13th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $50.88.

In related news, insider E M. Holman, Jr. sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $50.00, for a total transaction of $200,000.00. Following the transaction, the insider now directly owns 24,521 shares of the company’s stock, valued at approximately $1,226,050. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Timothy D. Hicks sold 3,600 shares of the company’s stock in a transaction that occurred on Friday, January 27th. The stock was sold at an average price of $55.81, for a total value of $200,916.00. Following the transaction, the executive vice president now directly owns 27,372 shares in the company, valued at $1,527,631.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 56,000 shares of company stock worth $2,962,972. 8.70% of the stock is owned by company insiders.

Bank of the Ozarks Company Profile

Bank of the Ozarks, Inc is a bank holding company. The Company owns an Arkansas state chartered subsidiary bank, Bank of the Ozarks (the Bank). The Company, through the Bank, conducts operations through approximately 257 offices, including over 80 offices in Arkansas, approximately 30 in Georgia, over 20 in North Carolina, over 20 in Texas, approximately 44 in Florida, over three in Alabama, approximately two each in South Carolina and New York, and one in California.

5 Day Chart for NASDAQ:OZRK

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