Northern Trust Corp lowered its position in Bank of the Ozarks (NASDAQ:OZRK) by 30.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,031,508 shares of the financial services provider’s stock after selling 441,980 shares during the period. Northern Trust Corp owned 0.80% of Bank of the Ozarks worth $48,348,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Monroe Bank & Trust MI increased its holdings in Bank of the Ozarks by 0.3% in the second quarter. Monroe Bank & Trust MI now owns 12,437 shares of the financial services provider’s stock worth $583,000 after buying an additional 32 shares during the last quarter. BRYN MAWR TRUST Co increased its holdings in Bank of the Ozarks by 1.0% in the second quarter. BRYN MAWR TRUST Co now owns 7,764 shares of the financial services provider’s stock worth $364,000 after buying an additional 75 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Bank of the Ozarks by 1.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,778 shares of the financial services provider’s stock worth $271,000 after buying an additional 92 shares during the last quarter. Bellwether Investment Group LLC increased its holdings in Bank of the Ozarks by 2.3% in the second quarter. Bellwether Investment Group LLC now owns 5,280 shares of the financial services provider’s stock worth $247,000 after buying an additional 118 shares during the last quarter. Finally, Alps Advisors Inc. increased its holdings in Bank of the Ozarks by 1.4% in the second quarter. Alps Advisors Inc. now owns 9,537 shares of the financial services provider’s stock worth $447,000 after buying an additional 129 shares during the last quarter. Hedge funds and other institutional investors own 86.64% of the company’s stock.

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OZRK has been the topic of a number of research reports. Zacks Investment Research upgraded Bank of the Ozarks from a “sell” rating to a “hold” rating in a report on Monday, August 28th. BidaskClub downgraded Bank of the Ozarks from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Morgan Stanley initiated coverage on Bank of the Ozarks in a report on Wednesday, August 2nd. They issued an “overweight” rating and a $54.00 price objective on the stock. Stephens set a $48.00 price objective on Bank of the Ozarks and gave the stock a “hold” rating in a report on Friday, July 28th. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $55.00 price objective on shares of Bank of the Ozarks in a report on Thursday. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $52.57.

Shares of Bank of the Ozarks (NASDAQ:OZRK) opened at 48.11 on Monday. The firm’s 50-day moving average price is $44.22 and its 200-day moving average price is $46.39. The company has a market cap of $6.17 billion, a PE ratio of 16.87 and a beta of 1.53. 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 results on Wednesday, July 12th. The financial services provider reported $0.73 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.73. The firm had revenue of $237.30 million for the quarter, compared to analyst estimates of $232.85 million. Bank of the Ozarks had a return on equity of 11.75% and a net margin of 46.15%. The business’s quarterly revenue was up 64.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 EPS. Equities analysts predict that Bank of the Ozarks will post $2.97 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 13th will be given a dividend of $0.185 per share. This is a positive change from Bank of the Ozarks’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.74 annualized dividend and a dividend yield of 1.54%. Bank of the Ozarks’s payout ratio 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.

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

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