Aperio Group LLC Acquires 5,870 Shares of Bank of the Ozarks (OZRK)
Aperio Group LLC lifted its holdings in Bank of the Ozarks (NASDAQ:OZRK) by 41.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,964 shares of the financial services provider’s stock after purchasing an additional 5,870 shares during the period. Aperio Group LLC’s holdings in Bank of the Ozarks were worth $959,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the company. BB&T Investment Services Inc. bought a new stake in Bank of the Ozarks during the 2nd quarter worth approximately $190,000. Opus Capital Group LLC bought a new stake in Bank of the Ozarks during the 2nd quarter worth approximately $203,000. Cigna Investments Inc. New bought a new stake in Bank of the Ozarks during the 2nd quarter worth approximately $221,000. Edge Wealth Management LLC bought a new stake in Bank of the Ozarks during the 2nd quarter worth approximately $235,000. Finally, First Allied Advisory Services Inc. bought a new stake in Bank of the Ozarks during the 2nd quarter worth approximately $237,000. Hedge funds and other institutional investors own 86.32% of the company’s stock.
Bank of the Ozarks (NASDAQ OZRK) opened at $44.10 on Monday. Bank of the Ozarks has a fifty-two week low of $40.15 and a fifty-two week high of $56.86. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.93 and a quick ratio of 0.99. The firm has a market cap of $5,696.98, a price-to-earnings ratio of 15.05, a P/E/G ratio of 1.24 and a beta of 1.50.
Bank of the Ozarks (NASDAQ:OZRK) last posted its earnings results on Wednesday, October 11th. The financial services provider reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $242.47 million during the quarter, compared to analyst estimates of $243.67 million. During the same period last year, the firm posted $0.66 earnings per share. research analysts predict that Bank of the Ozarks will post 2.96 EPS for the current year.
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A number of equities research analysts have commented on OZRK shares. Piper Jaffray Companies restated an “overweight” rating and set a $55.00 target price on shares of Bank of the Ozarks in a research note on Thursday, October 5th. Zacks Investment Research upgraded shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a research note on Monday, August 28th. Brean Capital reaffirmed a “buy” rating on shares of Bank of the Ozarks in a report on Monday, October 23rd. ValuEngine lowered shares of Bank of the Ozarks from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, BidaskClub raised shares of Bank of the Ozarks from a “strong sell” rating to a “sell” rating in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $54.13.
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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