Prudential PLC Increases Stake in Bank of the Ozarks (OZRK)
Prudential PLC increased its position in Bank of the Ozarks (NASDAQ:OZRK) by 16.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,124,000 shares of the financial services provider’s stock after purchasing an additional 305,800 shares during the quarter. Prudential PLC owned approximately 1.66% of Bank of the Ozarks worth $99,552,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL grew its stake in Bank of the Ozarks by 63.4% in the second quarter. Tudor Investment Corp ET AL now owns 36,145 shares of the financial services provider’s stock worth $1,694,000 after purchasing an additional 14,020 shares during the period. First Allied Advisory Services Inc. bought a new position in Bank of the Ozarks in the second quarter worth $237,000. Stifel Financial Corp raised its holdings in Bank of the Ozarks by 8.0% in the second quarter. Stifel Financial Corp now owns 186,774 shares of the financial services provider’s stock worth $8,753,000 after purchasing an additional 13,777 shares in the last quarter. Epoch Investment Partners Inc. raised its holdings in Bank of the Ozarks by 102.3% in the second quarter. Epoch Investment Partners Inc. now owns 1,958,988 shares of the financial services provider’s stock worth $91,818,000 after purchasing an additional 990,815 shares in the last quarter. Finally, Global Endowment Management LP lifted its position in Bank of the Ozarks by 15.5% during the second quarter. Global Endowment Management LP now owns 8,180 shares of the financial services provider’s stock valued at $383,000 after buying an additional 1,100 shares during the period. Institutional investors own 86.70% of the company’s stock.
OZRK has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a report on Tuesday. Stephens set a $48.00 price objective on shares of Bank of the Ozarks and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Brean Capital restated a “buy” rating on shares of Bank of the Ozarks in a report on Wednesday, August 2nd. Morgan Stanley started coverage on shares of Bank of the Ozarks in a report on Wednesday, August 2nd. They set an “overweight” rating and a $54.00 target price for the company. Finally, BidaskClub upgraded Bank of the Ozarks from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $53.14.
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Bank of the Ozarks (OZRK) traded up 0.04% during midday trading on Wednesday, reaching $48.22. The company had a trading volume of 158,165 shares. Bank of the Ozarks has a 1-year low of $35.53 and a 1-year high of $56.86. The company has a market capitalization of $6.18 billion, a P/E ratio of 16.95 and a beta of 1.54. The firm has a 50-day moving average of $43.69 and a 200 day moving average of $46.40.
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 for the quarter, hitting 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 firm had revenue of $237.30 million during the quarter, compared to analysts’ expectations of $232.85 million. During the same quarter last year, the firm earned $0.60 EPS. The business’s quarterly revenue was up 64.8% on a year-over-year basis. On average, equities research analysts forecast that Bank of the Ozarks will post $2.97 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 13th will be paid a $0.185 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This is a boost from Bank of the Ozarks’s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a yield of 1.54%. Bank of the Ozarks’s dividend payout ratio (DPR) is 25.35%.
Bank of the Ozarks 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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