Short Interest in Bank of the Ozarks (OZRK) Expands By 25.6%
Bank of the Ozarks (NASDAQ:OZRK) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totalling 10,494,935 shares, a growth of 25.6% from the August 31st total of 8,354,697 shares. Currently, 8.6% of the company’s stock are short sold. Based on an average trading volume of 982,752 shares, the short-interest ratio is currently 10.7 days.
Bank of the Ozarks (OZRK) opened at 48.47 on Tuesday. The company has a market cap of $6.21 billion, a PE ratio of 17.04 and a beta of 1.53. The company’s 50-day moving average price is $43.52 and its 200-day moving average price is $46.45. Bank of the Ozarks has a 12-month low of $35.53 and a 12-month high of $56.86.
Bank of the Ozarks (NASDAQ:OZRK) last posted its quarterly earnings data on Wednesday, July 12th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.73. The firm had revenue of $237.30 million for the quarter, compared to the consensus estimate of $232.85 million. Bank of the Ozarks had a net margin of 46.15% and a return on equity of 11.75%. The business’s revenue for the quarter was up 64.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.60 EPS. Equities analysts anticipate that Bank of the Ozarks will post $2.97 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 13th will be issued a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 1.53%. This is an increase from Bank of the Ozarks’s previous quarterly dividend of $0.18. Bank of the Ozarks’s dividend payout ratio is currently 25.35%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE boosted its holdings in Bank of the Ozarks by 15.3% during the first 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 during the last quarter. Suntrust Banks Inc. grew its position in 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 increased its stake in 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 valued at $293,000 after buying an additional 129 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in 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 valued at $7,585,000 after buying an additional 52,792 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new stake in Bank of the Ozarks in the 1st quarter valued at about $766,000. 86.70% of the stock is currently owned by institutional investors.
A number of research firms have weighed in on OZRK. Stephens set a $64.00 price target on Bank of the Ozarks and gave the company a “buy” rating in a research note on Thursday, June 22nd. BidaskClub cut Bank of the Ozarks from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Morgan Stanley assumed coverage on Bank of the Ozarks in a research note on Wednesday, August 2nd. They set an “overweight” rating and a $54.00 price objective on the stock. Brean Capital reissued a “buy” rating and issued a $59.00 price objective on shares of Bank of the Ozarks in a report on Friday, July 14th. Finally, Keefe, Bruyette & Woods set a $56.00 price objective on Bank of the Ozarks and gave the company a “buy” rating in a report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $53.14.
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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.
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