Tandem Investment Advisors Inc. Boosts Stake in Bank of the Ozarks (OZRK)
Tandem Investment Advisors Inc. increased its position in Bank of the Ozarks (NASDAQ:OZRK) by 7.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 81,180 shares of the financial services provider’s stock after purchasing an additional 5,837 shares during the period. Tandem Investment Advisors Inc. owned 0.06% of Bank of the Ozarks worth $3,805,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the company. UBS Asset Management Americas Inc. increased its position 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 acquiring an additional 52,792 shares during the period. Karp Capital Management Corp acquired a new position in Bank of the Ozarks in the 1st quarter valued at about $766,000. M&T Bank Corp increased its position in Bank of the Ozarks by 14.4% in the 1st quarter. M&T Bank Corp now owns 6,365 shares of the financial services provider’s stock valued at $332,000 after acquiring an additional 802 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Bank of the Ozarks in the 1st quarter valued at about $419,000. Finally, Alliancebernstein L.P. increased its position in Bank of the Ozarks by 20.9% in the 1st quarter. Alliancebernstein L.P. now owns 174,811 shares of the financial services provider’s stock valued at $9,092,000 after acquiring an additional 30,242 shares during the period. 86.64% of the stock is owned by institutional investors and hedge funds.
Shares of Bank of the Ozarks (NASDAQ OZRK) traded down 1.12% during trading on Friday, reaching $45.19. The company had a trading volume of 970,548 shares. Bank of the Ozarks has a 52-week low of $35.53 and a 52-week high of $56.86. The stock has a market capitalization of $5.79 billion, a price-to-earnings ratio of 15.85 and a beta of 1.54. The stock has a 50 day moving average of $44.90 and a 200 day moving average of $46.28.
Bank of the Ozarks (NASDAQ:OZRK) last announced its quarterly earnings results on Wednesday, October 11th. The financial services provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.74 by $0.01. Bank of the Ozarks had a net margin of 65.67% and a return on equity of 11.85%. The company had revenue of $242.47 million for the quarter, compared to analyst estimates of $243.67 million. During the same quarter last year, the business earned $0.66 earnings per share. Equities research analysts forecast that Bank of the Ozarks will post $2.96 EPS for the current year.
The company 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 represents a $0.74 annualized dividend and a dividend yield of 1.64%. This is a positive change from Bank of the Ozarks’s previous quarterly dividend of $0.18. Bank of the Ozarks’s dividend payout ratio (DPR) is presently 25.26%.
Several equities analysts recently issued reports on OZRK shares. BidaskClub cut Bank of the Ozarks from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Zacks Investment Research upgraded Bank of the Ozarks from a “sell” rating to a “hold” rating in a research report on Monday, August 28th. Stephens set a $64.00 price target on Bank of the Ozarks and gave the company a “buy” rating in a research report on Thursday, June 22nd. Brean Capital restated a “buy” rating and issued a $59.00 price target on shares of Bank of the Ozarks in a research report on Friday, July 14th. Finally, Keefe, Bruyette & Woods set a $56.00 price target on Bank of the Ozarks and gave the company a “buy” rating in a research report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. Bank of the Ozarks has a consensus rating of “Hold” and an average price target of $54.13.
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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.
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