Ifrah Financial Services Inc. Boosts Holdings in Bank of the Ozarks (OZRK)
Ifrah Financial Services Inc. boosted its position in Bank of the Ozarks (NASDAQ:OZRK) by 6.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,020 shares of the financial services provider’s stock after purchasing an additional 1,720 shares during the quarter. Ifrah Financial Services Inc.’s holdings in Bank of the Ozarks were worth $1,394,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of OZRK. Exane Derivatives bought a new position in shares of Bank of the Ozarks during the second quarter valued at $119,000. V Wealth Management LLC bought a new position in shares of Bank of the Ozarks during the second quarter valued at $174,000. BB&T Investment Services Inc. bought a new position in shares of Bank of the Ozarks during the second quarter valued at $190,000. Opus Capital Group LLC bought a new position in shares of Bank of the Ozarks during the second quarter valued at $203,000. Finally, Cigna Investments Inc. New bought a new position in shares of Bank of the Ozarks during the second quarter valued at $221,000. Institutional investors and hedge funds own 87.84% of the company’s stock.
Bank of the Ozarks (NASDAQ OZRK) traded up $0.50 during midday trading on Tuesday, reaching $43.56. The company had a trading volume of 919,700 shares, compared to its average volume of 1,233,591. Bank of the Ozarks has a 52 week low of $40.15 and a 52 week high of $56.86. The company has a market cap of $5,562.63, a P/E ratio of 14.70, a price-to-earnings-growth ratio of 1.21 and a beta of 1.50. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.93 and a quick ratio of 0.99.
Bank of the Ozarks (NASDAQ:OZRK) last announced its 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 analysts’ expectations 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 period last year, the firm posted $0.66 earnings per share. equities research analysts anticipate that Bank of the Ozarks will post 2.96 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, October 13th were given a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 1.70%. This is a boost from Bank of the Ozarks’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, October 12th. Bank of the Ozarks’s dividend payout ratio (DPR) is presently 25.26%.
Several equities analysts have recently weighed in on OZRK shares. Brean Capital restated a “buy” rating on shares of Bank of the Ozarks in a report on Wednesday, August 2nd. Zacks Investment Research upgraded Bank of the Ozarks from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. ValuEngine downgraded Bank of the Ozarks from a “buy” rating to a “hold” rating in a report on Friday, September 1st. 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, SunTrust Banks, Inc. reiterated a “hold” rating and issued a $50.00 price objective on shares of Bank of the Ozarks in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. Bank of the Ozarks has a consensus rating of “Hold” and a consensus price target of $54.13.
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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