Balyasny Asset Management LLC reduced its stake in Bank of the Ozarks (NASDAQ:OZRK) by 87.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,700 shares of the financial services provider’s stock after selling 128,138 shares during the period. Balyasny Asset Management LLC’s holdings in Bank of the Ozarks were worth $876,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of OZRK. BlackRock Inc. raised its holdings in Bank of the Ozarks by 24,121.9% in the 1st quarter. BlackRock Inc. now owns 9,977,483 shares of the financial services provider’s stock valued at $518,930,000 after buying an additional 9,936,291 shares during the period. Principal Financial Group Inc. raised its holdings in Bank of the Ozarks by 144.6% in the 2nd quarter. Principal Financial Group Inc. now owns 3,138,880 shares of the financial services provider’s stock valued at $147,117,000 after buying an additional 1,855,697 shares during the period. Epoch Investment Partners Inc. raised its holdings in Bank of the Ozarks by 102.3% in the 2nd quarter. Epoch Investment Partners Inc. now owns 1,958,988 shares of the financial services provider’s stock valued at $91,818,000 after buying an additional 990,815 shares during the period. Vanguard Group Inc. raised its holdings in Bank of the Ozarks by 8.6% in the 2nd quarter. Vanguard Group Inc. now owns 10,724,158 shares of the financial services provider’s stock valued at $502,641,000 after buying an additional 852,398 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in Bank of the Ozarks in the 1st quarter valued at about $21,750,000. Hedge funds and other institutional investors own 86.43% of the company’s stock.

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Several analysts recently issued reports on OZRK shares. Brean Capital restated a “buy” rating on shares of Bank of the Ozarks in a report on Wednesday, August 2nd. Stephens set a $64.00 price objective on shares of Bank of the Ozarks and gave the company a “buy” rating in a report on Thursday, June 22nd. Keefe, Bruyette & Woods set a $56.00 price objective on shares of Bank of the Ozarks and gave the company a “buy” rating in a report on Thursday, July 6th. Zacks Investment Research upgraded shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, ValuEngine lowered shares of Bank of the Ozarks from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $54.13.

Shares of Bank of the Ozarks (NASDAQ:OZRK) opened at 45.40 on Tuesday. The stock has a market cap of $5.82 billion, a PE ratio of 15.48 and a beta of 1.53. The stock’s 50 day moving average price is $44.98 and its 200 day moving average price is $46.22. Bank of the Ozarks has a 1-year low of $35.53 and a 1-year high of $56.86.

Bank of the Ozarks (NASDAQ:OZRK) last announced its quarterly earnings results on Wednesday, October 11th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.01. The business had revenue of $242.47 million for the quarter, compared to the consensus estimate of $243.67 million. Bank of the Ozarks had a return on equity of 11.85% and a net margin of 65.67%. During the same quarter last year, the business posted $0.66 EPS. On average, equities research analysts anticipate that Bank of the Ozarks will post $2.95 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 13th will be issued a $0.185 dividend. This is an increase 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 1.63%. Bank of the Ozarks’s dividend payout ratio (DPR) is 25.26%.

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

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