Pinebridge Investments L.P. Has $2.30 Million Position in Bank of the Ozarks (OZRK)
Pinebridge Investments L.P. boosted its position in shares of Bank of the Ozarks (NASDAQ:OZRK) by 2.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,113 shares of the financial services provider’s stock after purchasing an additional 1,141 shares during the period. Pinebridge Investments L.P.’s holdings in Bank of the Ozarks were worth $2,302,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Exane Derivatives bought a new position in Bank of the Ozarks during the 2nd quarter valued at about $119,000. V Wealth Management LLC bought a new position in Bank of the Ozarks during the 2nd quarter valued at about $174,000. Opus Capital Group LLC bought a new position in Bank of the Ozarks during the 2nd quarter valued at about $203,000. Cigna Investments Inc. New bought a new position in Bank of the Ozarks during the 2nd quarter valued at about $221,000. Finally, Edge Wealth Management LLC bought a new position in Bank of the Ozarks during the 2nd quarter valued at about $235,000. Institutional investors own 86.70% of the company’s stock.
Bank of the Ozarks (OZRK) opened at 45.56 on Friday. The company has a market capitalization of $5.84 billion, a P/E ratio of 16.02 and a beta of 1.53. The company’s 50-day moving average is $42.66 and its 200 day moving average is $46.97. Bank of the Ozarks has a one year low of $35.53 and a one year high of $56.86.
Bank of the Ozarks (NASDAQ:OZRK) last issued its earnings results on Wednesday, July 12th. The financial services provider reported $0.73 EPS for the quarter, hitting analysts’ consensus estimates of $0.73. Bank of the Ozarks had a net margin of 46.15% and a return on equity of 11.75%. The company had revenue of $237.30 million for the quarter, compared to the consensus estimate of $232.85 million. During the same period in the previous year, the firm earned $0.60 earnings per share. Bank of the Ozarks’s quarterly revenue was up 64.8% compared to the same quarter last year. On average, equities analysts anticipate that Bank of the Ozarks will post $2.97 earnings per share for the current year.
Several brokerages recently commented on OZRK. Brean Capital set a $59.00 price target on shares of Bank of the Ozarks and gave the company a “buy” rating in a report on Saturday, June 3rd. Stephens set a $48.00 price target on shares of Bank of the Ozarks and gave the company a “hold” rating in a report on Thursday, August 3rd. Morgan Stanley began coverage on shares of Bank of the Ozarks in a report on Wednesday, August 2nd. They set an “overweight” rating and a $54.00 price target on the stock. BidaskClub upgraded shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Finally, ValuEngine downgraded shares of Bank of the Ozarks from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $53.14.
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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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