Arizona State Retirement System increased its stake in shares of Bank of the Ozarks (NASDAQ:OZRK) by 35.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,200 shares of the financial services provider’s stock after buying an additional 13,300 shares during the period. Arizona State Retirement System’s holdings in Bank of the Ozarks were worth $2,400,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Bank of the Ozarks by 24,121.9% in the first quarter. BlackRock Inc. now owns 9,977,483 shares of the financial services provider’s stock valued at $518,930,000 after buying an additional 9,936,291 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Bank of the Ozarks by 6.2% in the first quarter. Vanguard Group Inc. now owns 9,871,760 shares of the financial services provider’s stock valued at $513,430,000 after buying an additional 578,206 shares during the last quarter. FMR LLC raised its position in shares of Bank of the Ozarks by 18.0% in the first quarter. FMR LLC now owns 4,813,003 shares of the financial services provider’s stock valued at $250,325,000 after buying an additional 733,913 shares during the last quarter. Neuberger Berman Group LLC raised its position in shares of Bank of the Ozarks by 1.8% in the first quarter. Neuberger Berman Group LLC now owns 4,256,757 shares of the financial services provider’s stock valued at $221,394,000 after buying an additional 75,200 shares during the last quarter. Finally, Eagle Asset Management Inc. raised its position in shares of Bank of the Ozarks by 1.1% in the first quarter. Eagle Asset Management Inc. now owns 2,637,668 shares of the financial services provider’s stock valued at $137,185,000 after buying an additional 29,791 shares during the last quarter. 86.49% of the stock is currently owned by institutional investors.

Bank of the Ozarks (NASDAQ OZRK) opened at 41.33 on Friday. The company’s 50-day moving average is $45.35 and its 200-day moving average is $48.98. Bank of the Ozarks has a 52-week low of $35.53 and a 52-week high of $56.86. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of 14.53 and a beta of 1.52.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 14th were paid a $0.18 dividend. This is a boost from Bank of the Ozarks’s previous quarterly dividend of $0.18. This represents a $0.72 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Wednesday, July 12th. Bank of the Ozarks’s payout ratio is currently 25.35%.

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OZRK has been the topic of several research analyst reports. BidaskClub lowered shares of Bank of the Ozarks from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Brean Capital reaffirmed a “buy” rating on shares of Bank of the Ozarks in a research report on Wednesday, August 2nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $56.00 price target on shares of Bank of the Ozarks in a research report on Wednesday, May 3rd. Stephens set a $48.00 price target on shares of Bank of the Ozarks and gave the stock a “hold” rating in a research report on Friday, July 28th. Finally, Morgan Stanley started coverage on shares of Bank of the Ozarks in a research report on Wednesday, August 2nd. They set an “overweight” rating and a $54.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $52.11.

About Bank of the Ozarks

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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