First Trust Advisors LP cut its stake in shares of Bank of the Ozarks (NASDAQ:OZRK) by 36.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 373,875 shares of the financial services provider’s stock after selling 215,089 shares during the period. First Trust Advisors LP owned about 0.29% of Bank of the Ozarks worth $17,524,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the stock. First Midwest Bank Trust Division boosted its position in Bank of the Ozarks by 0.4% in the second quarter. First Midwest Bank Trust Division now owns 33,502 shares of the financial services provider’s stock valued at $1,570,000 after buying an additional 143 shares in the last quarter. Bellwether Investment Group LLC boosted its position in Bank of the Ozarks by 0.4% in the first quarter. Bellwether Investment Group LLC now owns 5,162 shares of the financial services provider’s stock valued at $268,000 after buying an additional 22 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Bank of the Ozarks by 4.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 527,393 shares of the financial services provider’s stock valued at $27,430,000 after buying an additional 23,322 shares in the last quarter. Nordea Investment Management AB boosted its position in Bank of the Ozarks by 5.2% in the first quarter. Nordea Investment Management AB now owns 564,002 shares of the financial services provider’s stock valued at $29,334,000 after buying an additional 28,069 shares in the last quarter. Finally, Tocqueville Asset Management L.P. boosted its position in Bank of the Ozarks by 5.6% in the first quarter. Tocqueville Asset Management L.P. now owns 93,475 shares of the financial services provider’s stock valued at $4,862,000 after buying an additional 4,975 shares in the last quarter. Hedge funds and other institutional investors own 86.49% of the company’s stock.

Shares of Bank of the Ozarks (NASDAQ:OZRK) opened at 41.33 on Monday. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of 14.53 and a beta of 1.52. The company has a 50-day moving average of $45.35 and a 200 day moving average of $48.98. 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 released its earnings results on Wednesday, July 12th. The financial services provider reported $0.73 EPS for the quarter, meeting analysts’ consensus estimates of $0.73. Bank of the Ozarks had a return on equity of 11.75% and a net margin of 46.15%. The company had revenue of $237.30 million during the quarter, compared to the consensus estimate of $232.85 million. During the same quarter last year, the company 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 forecast that Bank of the Ozarks will post $2.97 earnings per share for the current fiscal year.

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Several equities analysts recently issued reports on OZRK shares. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $56.00 target price on shares of Bank of the Ozarks in a research note on Wednesday, May 3rd. BidaskClub cut shares of Bank of the Ozarks from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Morgan Stanley started coverage on shares of Bank of the Ozarks in a research note on Wednesday, August 2nd. They issued an “overweight” rating and a $54.00 target price for the company. Stephens set a $48.00 target price on shares of Bank of the Ozarks and gave the company a “hold” rating in a research note on Friday, July 28th. Finally, Brean Capital set a $63.00 target price on shares of Bank of the Ozarks and gave the company a “buy” rating in a research note on Thursday, May 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $52.11.

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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