Bank of the Ozarks (OZRK) Stake Boosted by First Heartland Consultants Inc.

First Heartland Consultants Inc. raised its stake in shares of Bank of the Ozarks (NASDAQ:OZRK) by 20.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,311 shares of the financial services provider’s stock after buying an additional 1,259 shares during the period. First Heartland Consultants Inc.’s holdings in Bank of the Ozarks were worth $343,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in OZRK. Retirement Systems of Alabama increased its position in shares of Bank of the Ozarks by 0.3% in the first quarter. Retirement Systems of Alabama now owns 117,697 shares of the financial services provider’s stock valued at $6,121,000 after buying an additional 364 shares during the last quarter. Hermes Investment Management Ltd. increased its stake in Bank of the Ozarks by 1.5% in the first quarter. Hermes Investment Management Ltd. now owns 965,228 shares of the financial services provider’s stock worth $50,202,000 after buying an additional 14,271 shares in the last quarter. Capital Impact Advisors LLC increased its stake in Bank of the Ozarks by 97.8% in the first quarter. Capital Impact Advisors LLC now owns 43,561 shares of the financial services provider’s stock worth $2,266,000 after buying an additional 21,539 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Bank of the Ozarks by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 23,000 shares of the financial services provider’s stock worth $1,196,000 after buying an additional 500 shares in the last quarter. Finally, Horrell Capital Management Inc. increased its stake in Bank of the Ozarks by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 109,540 shares of the financial services provider’s stock worth $5,697,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 85.32% of the company’s stock.

Bank of the Ozarks (NASDAQ OZRK) traded down 0.83% during mid-day trading on Friday, reaching $41.59. The company’s stock had a trading volume of 895,971 shares. The company’s 50-day moving average price is $45.94 and its 200 day moving average price is $49.47. The firm has a market capitalization of $5.33 billion, a price-to-earnings ratio of 14.62 and a beta of 1.52. Bank of the Ozarks has a 52 week low of $35.53 and a 52 week high of $56.86.

Bank of the Ozarks (NASDAQ:OZRK) last announced its quarterly earnings data on Wednesday, July 12th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.73. The business had revenue of $237.30 million for the quarter, compared to the consensus estimate of $232.85 million. Bank of the Ozarks had a net margin of 46.15% and a return on equity of 11.75%. The company’s quarterly revenue was up 64.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 earnings per share. On average, equities analysts forecast that Bank of the Ozarks will post $2.97 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 14th were paid a dividend of $0.18 per share. This is an increase from Bank of the Ozarks’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $0.72 annualized dividend and a dividend yield of 1.73%. Bank of the Ozarks’s dividend payout ratio is presently 25.35%.

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Several brokerages have weighed in on OZRK. Stephens set a $64.00 price objective on Bank of the Ozarks and gave the stock a “buy” rating in a research note on Thursday, June 22nd. BidaskClub raised Bank of the Ozarks from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Morgan Stanley started coverage on Bank of the Ozarks in a research note on Wednesday, August 2nd. They set an “overweight” rating and a $54.00 price objective on the stock. Brean Capital reaffirmed a “buy” rating and set a $59.00 target price on shares of Bank of the Ozarks in a research note on Friday, July 14th. Finally, Keefe, Bruyette & Woods set a $56.00 target price on Bank of the Ozarks and gave the company a “buy” rating in a research note on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $52.11.

In related news, Director Peter C. Kenny sold 1,034 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $46.00, for a total transaction of $47,564.00. Following the transaction, the director now owns 8,600 shares of the company’s stock, valued at $395,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.70% of the company’s stock.

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.

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

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