Emerald Mutual Fund Advisers Trust boosted its stake in shares of Bank of the Ozarks Inc. (NASDAQ:OZRK) by 2.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,032,826 shares of the financial services provider’s stock after buying an additional 27,870 shares during the period. Bank of the Ozarks comprises about 2.2% of Emerald Mutual Fund Advisers Trust’s holdings, making the stock its largest position. Emerald Mutual Fund Advisers Trust owned approximately 1.14% of Bank of the Ozarks worth $38,752,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the stock. Commonwealth Equity Services Inc raised its stake in shares of Bank of the Ozarks by 14.9% in the first quarter. Commonwealth Equity Services Inc now owns 7,373 shares of the financial services provider’s stock valued at $309,000 after buying an additional 958 shares during the last quarter. Aperio Group LLC boosted its position in shares of Bank of the Ozarks by 34.5% in the first quarter. Aperio Group LLC now owns 8,552 shares of the financial services provider’s stock valued at $359,000 after buying an additional 2,192 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Bank of the Ozarks by 92.9% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 27,010 shares of the financial services provider’s stock valued at $1,134,000 after buying an additional 13,010 shares during the period. Teachers Advisors Inc. boosted its position in shares of Bank of the Ozarks by 1.8% in the first quarter. Teachers Advisors Inc. now owns 133,660 shares of the financial services provider’s stock valued at $5,610,000 after buying an additional 2,334 shares during the period. Finally, Prudential Financial Inc. boosted its position in shares of Bank of the Ozarks by 12.3% in the first quarter. Prudential Financial Inc. now owns 61,422 shares of the financial services provider’s stock valued at $2,578,000 after buying an additional 6,724 shares during the period. Hedge funds and other institutional investors own 71.41% of the company’s stock.

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

Bank of the Ozarks Inc. (NASDAQ:OZRK) traded up 3.11% during trading on Tuesday, reaching $39.17. The company had a trading volume of 1,390,967 shares. The firm’s 50-day moving average price is $38.47 and its 200 day moving average price is $38.89. Bank of the Ozarks Inc. has a one year low of $33.51 and a one year high of $54.96. The firm has a market capitalization of $4.74 billion, a P/E ratio of 17.26 and a beta of 1.32.

Bank of the Ozarks (NASDAQ:OZRK) last issued its earnings results on Monday, July 11th. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.59 by $0.01. Bank of the Ozarks had a return on equity of 13.95% and a net margin of 35.99%. During the same quarter in the prior year, the business posted $0.51 EPS. Equities analysts forecast that Bank of the Ozarks Inc. will post $2.44 earnings per share for the current fiscal year.

OZRK has been the subject of several recent research reports. Zacks Investment Research cut Bank of the Ozarks from a “hold” rating to a “sell” rating in a research report on Monday, September 19th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $46.00 price target (down from $48.00) on shares of Bank of the Ozarks in a research report on Friday, June 24th. Wells Fargo & Co. initiated coverage on Bank of the Ozarks in a research report on Thursday, June 23rd. They issued a “market perform” rating for the company. Raymond James Financial Inc. upgraded Bank of the Ozarks from a “market perform” rating to an “outperform” rating and set a $51.00 price target for the company in a research report on Thursday, August 25th. Finally, Rafferty Capital Markets initiated coverage on Bank of the Ozarks in a research report on Friday, September 16th. They issued a “buy” rating and a $46.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. Bank of the Ozarks presently has an average rating of “Buy” and an average target price of $47.20.

In other news, Director Walter J. Mullen III purchased 1,120 shares of the stock in a transaction dated Wednesday, August 10th. The shares were purchased at an average cost of $37.14 per share, with a total value of $41,596.80. Following the acquisition, the director now directly owns 3,775 shares of the company’s stock, valued at $140,203.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Walter J. Mullen III purchased 1,130 shares of the stock in a transaction dated Tuesday, August 2nd. The shares were purchased at an average cost of $35.28 per share, for a total transaction of $39,866.40. Following the completion of the acquisition, the director now directly owns 2,650 shares in the company, valued at $93,492. The disclosure for this purchase can be found here. Company insiders own 8.70% of the company’s stock.

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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