Principal Financial Group Inc. raised its position in shares of Bank of the Ozarks (NASDAQ:OZRK) by 144.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,138,880 shares of the financial services provider’s stock after buying an additional 1,855,697 shares during the period. Principal Financial Group Inc. owned approximately 2.45% of Bank of the Ozarks worth $147,117,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in OZRK. Exane Derivatives acquired a new stake in Bank of the Ozarks during the second quarter worth about $119,000. Glen Harbor Capital Management LLC raised its stake in shares of Bank of the Ozarks by 9.3% in the first quarter. Glen Harbor Capital Management LLC now owns 2,624 shares of the financial services provider’s stock valued at $137,000 after buying an additional 224 shares in the last quarter. V Wealth Management LLC purchased a new stake in shares of Bank of the Ozarks during the second quarter valued at about $174,000. Tyers Asset Management LLC raised its stake in shares of Bank of the Ozarks by 9.3% in the first quarter. Tyers Asset Management LLC now owns 3,608 shares of the financial services provider’s stock valued at $188,000 after buying an additional 308 shares in the last quarter. Finally, Opus Capital Group LLC purchased a new stake in shares of Bank of the Ozarks during the second quarter valued at about $203,000. Institutional investors own 87.90% of the company’s stock.

Shares of Bank of the Ozarks (NASDAQ OZRK) opened at 42.96 on Friday. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of 15.11 and a beta of 1.52. Bank of the Ozarks has a one year low of $35.53 and a one year high of $56.86. The company’s 50 day moving average price is $44.12 and its 200 day moving average price is $48.17.

Bank of the Ozarks (NASDAQ:OZRK) last announced its earnings results on Wednesday, July 12th. The financial services provider reported $0.73 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.73. The firm had revenue of $237.30 million during the quarter, compared to analyst estimates of $232.85 million. Bank of the Ozarks had a net margin of 46.15% and a return on equity of 11.75%. The company’s revenue for the quarter was up 64.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 EPS. On average, analysts expect that Bank of the Ozarks will post $2.97 earnings per share for the current fiscal year.

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Several brokerages recently issued reports on OZRK. Stephens set a $48.00 price objective on Bank of the Ozarks and gave the stock a “hold” rating in a report on Thursday, August 3rd. Brean Capital set a $59.00 price objective on Bank of the Ozarks and gave the stock a “buy” rating in a report on Saturday, June 3rd. Keefe, Bruyette & Woods set a $56.00 price objective on Bank of the Ozarks and gave the stock a “buy” rating in a report on Thursday, July 6th. Finally, BidaskClub lowered Bank of the Ozarks from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. Bank of the Ozarks presently has a consensus rating of “Hold” and an average target price of $52.25.

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.

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

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