BB&T Securities LLC raised its stake in Bank Of The Ozarks Inc (NASDAQ:OZRK) by 59.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,908 shares of the financial services provider’s stock after acquiring an additional 18,954 shares during the period. BB&T Securities LLC’s holdings in Bank Of The Ozarks were worth $2,292,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in OZRK. Mount Yale Investment Advisors LLC bought a new stake in Bank Of The Ozarks in the 1st quarter valued at $181,000. Whittier Trust Co. of Nevada Inc. increased its holdings in Bank Of The Ozarks by 39.4% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 4,590 shares of the financial services provider’s stock valued at $207,000 after acquiring an additional 1,297 shares during the last quarter. Private Advisor Group LLC bought a new stake in Bank Of The Ozarks in the 2nd quarter valued at $217,000. Baird Financial Group Inc. bought a new stake in Bank Of The Ozarks in the 1st quarter valued at $235,000. Finally, Signition LP bought a new stake in Bank Of The Ozarks in the 2nd quarter valued at $305,000. Institutional investors own 90.89% of the company’s stock.
Bank Of The Ozarks stock opened at $41.24 on Friday. Bank Of The Ozarks Inc has a twelve month low of $40.15 and a twelve month high of $53.70. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $5.29 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 0.93 and a beta of 1.35.
Bank Of The Ozarks (NASDAQ:OZRK) last posted its earnings results on Wednesday, July 11th. The financial services provider reported $0.89 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.89. Bank Of The Ozarks had a net margin of 41.20% and a return on equity of 12.05%. The firm had revenue of $252.05 million for the quarter, compared to the consensus estimate of $256.21 million. During the same period in the previous year, the firm posted $0.73 EPS. equities analysts forecast that Bank Of The Ozarks Inc will post 3.68 earnings per share for the current fiscal year.
A number of brokerages have issued reports on OZRK. Citigroup reiterated a “buy” rating and issued a $59.00 price target on shares of Bank Of The Ozarks in a report on Sunday, July 15th. ValuEngine downgraded shares of Bank Of The Ozarks from a “sell” rating to a “strong sell” rating in a report on Saturday, July 14th. Barclays reduced their price target on shares of Bank Of The Ozarks from $57.00 to $53.00 and set an “overweight” rating on the stock in a report on Friday, July 13th. Raymond James reduced their price target on shares of Bank Of The Ozarks from $63.00 to $54.00 and set a “strong-buy” rating on the stock in a report on Friday, July 13th. Finally, Sandler O’Neill set a $54.00 price target on shares of Bank Of The Ozarks and gave the company a “buy” rating in a report on Friday, July 13th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $54.91.
Bank Of The Ozarks Profile
Bank of the Ozarks provides a range of retail and commercial banking services to businesses, individuals, and non-profit and governmental entities. The company accepts non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits.
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