Bank of the Ozarks (OZRK) Position Lifted by Zurcher Kantonalbank Zurich Cantonalbank
Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Bank of the Ozarks (NASDAQ:OZRK) by 1.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,778 shares of the financial services provider’s stock after acquiring an additional 92 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Bank of the Ozarks were worth $271,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Exane Derivatives bought a new position in Bank of the Ozarks in the second quarter valued at approximately $119,000. Glen Harbor Capital Management LLC increased its stake in Bank of the Ozarks by 9.3% in the first quarter. Glen Harbor Capital Management LLC now owns 2,624 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 224 shares during the last quarter. V Wealth Management LLC bought a new position in Bank of the Ozarks in the second quarter valued at approximately $174,000. EFG Asset Management Americas Corp. bought a new position in Bank of the Ozarks in the first quarter valued at approximately $206,000. Finally, Opus Capital Group LLC bought a new position in Bank of the Ozarks in the second quarter valued at approximately $203,000. 87.90% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on OZRK shares. 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. Zacks Investment Research raised shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a research note on Monday, August 28th. Stephens set a $64.00 price objective on shares of Bank of the Ozarks and gave the company a “buy” rating in a research note on Thursday, June 22nd. Brean Capital set a $63.00 price objective on shares of Bank of the Ozarks and gave the company a “buy” rating in a research note on Thursday, May 18th. Finally, Keefe, Bruyette & Woods set a $56.00 price objective on shares of Bank of the Ozarks and gave the company a “buy” rating in a research note on Thursday, July 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Bank of the Ozarks currently has an average rating of “Hold” and a consensus price target of $52.25.
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Shares of Bank of the Ozarks (NASDAQ:OZRK) opened at 43.37 on Friday. The company has a market cap of $5.56 billion, a PE ratio of 15.25 and a beta of 1.53. Bank of the Ozarks has a 1-year low of $35.53 and a 1-year high of $56.86. The firm’s 50 day moving average is $42.65 and its 200-day moving average is $47.33.
Bank of the Ozarks (NASDAQ:OZRK) last posted its earnings results on Wednesday, July 12th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.73. Bank of the Ozarks had a net margin of 46.15% and a return on equity of 11.75%. 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 prior year, the company posted $0.60 EPS. The business’s revenue for the quarter was up 64.8% compared to the same quarter last year. Equities analysts expect that Bank of the Ozarks will post $2.97 earnings per share for the current year.
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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