Zevenbergen Capital Investments LLC Cuts Position in Bank of the Ozarks (OZRK)
Zevenbergen Capital Investments LLC reduced its position in Bank of the Ozarks (NASDAQ:OZRK) by 4.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,003,105 shares of the financial services provider’s stock after selling 44,700 shares during the quarter. Bank of the Ozarks comprises about 2.1% of Zevenbergen Capital Investments LLC’s investment portfolio, making the stock its 21st biggest position. Zevenbergen Capital Investments LLC owned 0.78% of Bank of the Ozarks worth $48,199,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Willingdon Wealth Management acquired a new stake in Bank of the Ozarks in the 3rd quarter valued at $104,000. BB&T Investment Services Inc. acquired a new stake in Bank of the Ozarks in the 2nd quarter valued at $190,000. Opus Capital Group LLC acquired a new stake in Bank of the Ozarks in the 2nd quarter valued at $203,000. Cigna Investments Inc. New acquired a new stake in Bank of the Ozarks in the 2nd quarter valued at $221,000. Finally, Edge Wealth Management LLC acquired a new stake in Bank of the Ozarks in the 2nd quarter valued at $235,000. 86.32% of the stock is currently owned by institutional investors and hedge funds.
Shares of Bank of the Ozarks (OZRK) opened at $44.22 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.99 and a current ratio of 0.93. The firm has a market capitalization of $5,712.47, a PE ratio of 15.09, a PEG ratio of 1.25 and a beta of 1.50. Bank of the Ozarks has a 52 week low of $40.15 and a 52 week high of $56.86.
Bank of the Ozarks (NASDAQ:OZRK) last announced its earnings results on Wednesday, October 11th. The financial services provider reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.01. The company had revenue of $242.47 million during the quarter, compared to the consensus estimate 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 earnings per share. sell-side analysts predict that Bank of the Ozarks will post 2.96 EPS for the current fiscal year.
Several brokerages recently issued reports on OZRK. Stephens set a $48.00 price target on Bank of the Ozarks and gave the company a “hold” rating in a report on Thursday, August 3rd. Raymond James Financial, Inc. lowered their price target on Bank of the Ozarks from $59.00 to $57.00 and set an “outperform” rating for the company in a report on Thursday, October 12th. Zacks Investment Research upgraded Bank of the Ozarks from a “sell” rating to a “hold” rating in a research note on Friday, October 13th. Brean Capital restated a “buy” rating on shares of Bank of the Ozarks in a research note on Wednesday, August 2nd. Finally, ValuEngine downgraded Bank of the Ozarks from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $54.13.
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Bank of the Ozarks 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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