BlackRock Inc. grew its position in shares of Bank of the Ozarks (NASDAQ:OZRK) by 4.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 10,457,898 shares of the financial services provider’s stock after acquiring an additional 480,415 shares during the period. BlackRock Inc. owned about 8.16% of Bank of the Ozarks worth $490,162,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System boosted its position in shares of Bank of the Ozarks by 0.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 52,857 shares of the financial services provider’s stock worth $2,749,000 after purchasing an additional 410 shares in the last quarter. US Bancorp DE boosted its position in shares of Bank of the Ozarks by 15.3% in the 1st quarter. US Bancorp DE now owns 16,578 shares of the financial services provider’s stock worth $861,000 after purchasing an additional 2,195 shares in the last quarter. Suntrust Banks Inc. boosted its position in shares of Bank of the Ozarks by 35.4% in the 1st quarter. Suntrust Banks Inc. now owns 5,204 shares of the financial services provider’s stock worth $270,000 after purchasing an additional 1,360 shares in the last quarter. World Asset Management Inc boosted its position in shares of Bank of the Ozarks by 2.3% in the 1st quarter. World Asset Management Inc now owns 5,624 shares of the financial services provider’s stock worth $293,000 after purchasing an additional 129 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in shares of Bank of the Ozarks by 56.7% in the 1st quarter. UBS Asset Management Americas Inc. now owns 145,834 shares of the financial services provider’s stock worth $7,585,000 after purchasing an additional 52,792 shares in the last quarter. Hedge funds and other institutional investors own 86.70% of the company’s stock.

Bank of the Ozarks (OZRK) opened at 45.56 on Monday. The company has a market capitalization of $5.84 billion, a PE ratio of 16.02 and a beta of 1.53. Bank of the Ozarks has a 52-week low of $35.53 and a 52-week high of $56.86. The company has a 50-day moving average price of $42.66 and a 200 day moving average price of $46.97.

Bank of the Ozarks (NASDAQ:OZRK) last released its quarterly 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 analyst estimates of $232.85 million. During the same period in the previous year, the company earned $0.60 earnings per share. The business’s revenue for the quarter was up 64.8% on a year-over-year basis. Equities research analysts anticipate that Bank of the Ozarks will post $2.97 earnings per share for the current year.

OZRK has been the topic of a number of analyst reports. Zacks Investment Research raised Bank of the Ozarks from a “sell” rating to a “hold” rating in a research report on Monday, August 28th. BidaskClub cut Bank of the Ozarks from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. ValuEngine cut Bank of the Ozarks from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Brean Capital reissued a “buy” rating on shares of Bank of the Ozarks in a research report on Wednesday, August 2nd. Finally, Stephens set a $48.00 price target on Bank of the Ozarks and gave the stock a “hold” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $53.14.

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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.

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

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