Shaker Investments LLC OH cut its position in Bank of the Ozarks (NASDAQ:OZRK) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,510 shares of the financial services provider’s stock after selling 1,525 shares during the period. Bank of the Ozarks makes up about 3.1% of Shaker Investments LLC OH’s portfolio, making the stock its 6th largest position. Shaker Investments LLC OH’s holdings in Bank of the Ozarks were worth $4,055,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Retirement Systems of Alabama raised its position in shares of Bank of the Ozarks by 33.0% in the second quarter. Retirement Systems of Alabama now owns 156,546 shares of the financial services provider’s stock worth $7,337,000 after buying an additional 38,849 shares during the last quarter. Sei Investments Co. raised its position in shares of Bank of the Ozarks by 94.6% in the second quarter. Sei Investments Co. now owns 154,536 shares of the financial services provider’s stock worth $7,243,000 after buying an additional 75,132 shares during the last quarter. Texas Permanent School Fund raised its position in shares of Bank of the Ozarks by 34.3% in the second quarter. Texas Permanent School Fund now owns 88,658 shares of the financial services provider’s stock worth $4,155,000 after buying an additional 22,653 shares during the last quarter. World Asset Management Inc raised its position in shares of Bank of the Ozarks by 44.9% in the second quarter. World Asset Management Inc now owns 8,149 shares of the financial services provider’s stock worth $382,000 after buying an additional 2,525 shares during the last quarter. Finally, Moody Aldrich Partners LLC raised its position in shares of Bank of the Ozarks by 32.1% in the second quarter. Moody Aldrich Partners LLC now owns 33,005 shares of the financial services provider’s stock worth $1,547,000 after buying an additional 8,020 shares during the last quarter. 85.32% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Bank of the Ozarks (NASDAQ:OZRK) opened at 43.76 on Monday. The stock has a 50 day moving average of $46.97 and a 200 day moving average of $49.92. The stock has a market capitalization of $5.61 billion, a PE ratio of 15.39 and a beta of 1.52. Bank of the Ozarks has a 52-week low of $35.30 and a 52-week high of $56.86.

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 for the quarter, meeting the Zacks’ 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 business had revenue of $237.30 million for the quarter, compared to analysts’ expectations of $232.85 million. During the same quarter in the previous year, the business posted $0.60 earnings per share. The business’s revenue was up 64.8% compared to the same quarter last year. Analysts forecast that Bank of the Ozarks will post $2.97 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, July 14th were given a dividend of $0.18 per share. This is a boost from Bank of the Ozarks’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $0.72 dividend on an annualized basis and a yield of 1.65%. Bank of the Ozarks’s payout ratio is 25.35%.

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Several equities analysts recently commented on the stock. BidaskClub raised shares of Bank of the Ozarks from a “strong sell” rating to a “sell” rating in a report on Friday. Stephens set a $48.00 target price on shares of Bank of the Ozarks and gave the company a “hold” rating in a report on Thursday. Brean Capital reaffirmed a “buy” rating on shares of Bank of the Ozarks in a report on Wednesday, August 2nd. Morgan Stanley assumed coverage on shares of Bank of the Ozarks in a report on Wednesday, August 2nd. They set an “overweight” rating and a $54.00 target price on the stock. Finally, Keefe, Bruyette & Woods set a $56.00 target price on shares of Bank of the Ozarks and gave the company a “buy” rating in a report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price 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 on Wednesday, May 17th. The shares were sold at an average price of $46.00, for a total transaction of $47,564.00. Following the transaction, the director now owns 8,600 shares in the company, valued at $395,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.70% of the company’s stock.

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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