Northwestern Mutual Investment Management Company LLC Sells 1,614 Shares of Bank of the Ozarks (OZRK)

Northwestern Mutual Investment Management Company LLC lowered its holdings in Bank of the Ozarks (NASDAQ:OZRK) by 10.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,097 shares of the financial services provider’s stock after selling 1,614 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Bank of the Ozarks were worth $529,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. lifted its holdings in shares of Bank of the Ozarks by 24,121.9% during the 1st quarter. BlackRock Inc. now owns 9,977,483 shares of the financial services provider’s stock worth $518,930,000 after acquiring an additional 9,936,291 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Bank of the Ozarks by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 9,871,760 shares of the financial services provider’s stock worth $513,430,000 after acquiring an additional 578,206 shares during the period. FMR LLC lifted its holdings in shares of Bank of the Ozarks by 18.0% during the 1st quarter. FMR LLC now owns 4,813,003 shares of the financial services provider’s stock worth $250,325,000 after acquiring an additional 733,913 shares during the period. Neuberger Berman Group LLC lifted its holdings in shares of Bank of the Ozarks by 1.8% during the 1st quarter. Neuberger Berman Group LLC now owns 4,256,757 shares of the financial services provider’s stock worth $221,394,000 after acquiring an additional 75,200 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Bank of the Ozarks by 144.6% during the 2nd quarter. Principal Financial Group Inc. now owns 3,138,880 shares of the financial services provider’s stock worth $147,117,000 after acquiring an additional 1,855,697 shares during the period. 87.90% of the stock is owned by hedge funds and other institutional investors.

OZRK has been the subject of a number of recent analyst reports. Brean Capital reaffirmed a “buy” rating on shares of Bank of the Ozarks in a report on Wednesday, August 2nd. Keefe, Bruyette & Woods set a $56.00 price target on shares of Bank of the Ozarks and gave the stock a “buy” rating in a report on Thursday, July 6th. Stephens reaffirmed a “buy” rating on shares of Bank of the Ozarks in a report on Wednesday, May 24th. BidaskClub raised shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Finally, Zacks Investment Research raised shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a report on Monday, August 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $52.25.

Bank of the Ozarks (NASDAQ OZRK) opened at 43.64 on Wednesday. The firm has a market capitalization of $5.59 billion, a PE ratio of 15.34 and a beta of 1.53. The company’s 50-day moving average is $42.99 and its 200-day moving average is $47.47. 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 earnings results 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 during the quarter, compared to analyst estimates of $232.85 million. Bank of the Ozarks had a net margin of 46.15% and a return on equity of 11.75%. Bank of the Ozarks’s revenue for the quarter was up 64.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 earnings per share. Analysts forecast that Bank of the Ozarks will post $2.97 EPS for the current fiscal year.

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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.

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

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