Burney Co. Takes Position in Bank of the Ozarks (OZRK)

Burney Co. acquired a new stake in Bank of the Ozarks (NASDAQ:OZRK) in the first quarter, according to its most recent filing with the SEC. The fund acquired 12,400 shares of the financial services provider’s stock, valued at approximately $599,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Marathon Capital Management grew its stake in Bank of the Ozarks by 3.0% in the 1st quarter. Marathon Capital Management now owns 38,840 shares of the financial services provider’s stock valued at $1,874,000 after buying an additional 1,142 shares in the last quarter. Scotia Capital Inc. grew its stake in Bank of the Ozarks by 12.4% in the 4th quarter. Scotia Capital Inc. now owns 10,419 shares of the financial services provider’s stock valued at $505,000 after buying an additional 1,150 shares in the last quarter. Amalgamated Bank grew its stake in Bank of the Ozarks by 5.8% in the 4th quarter. Amalgamated Bank now owns 24,796 shares of the financial services provider’s stock valued at $1,201,000 after buying an additional 1,357 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in Bank of the Ozarks by 78.7% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 3,293 shares of the financial services provider’s stock valued at $159,000 after buying an additional 1,450 shares in the last quarter. Finally, Randolph Co Inc grew its stake in Bank of the Ozarks by 0.9% in the 4th quarter. Randolph Co Inc now owns 175,625 shares of the financial services provider’s stock valued at $8,509,000 after buying an additional 1,650 shares in the last quarter. Institutional investors and hedge funds own 89.42% of the company’s stock.

Shares of Bank of the Ozarks opened at $49.02 on Friday, MarketBeat reports. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.10. Bank of the Ozarks has a one year low of $48.36 and a one year high of $48.90. The firm has a market capitalization of $6.22 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 1.10 and a beta of 1.35.

Bank of the Ozarks (NASDAQ:OZRK) last announced its quarterly earnings results on Thursday, April 12th. The financial services provider reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.03. Bank of the Ozarks had a net margin of 40.54% and a return on equity of 11.65%. The firm had revenue of $246.48 million during the quarter, compared to the consensus estimate of $246.11 million. During the same period last year, the firm earned $0.73 EPS. equities analysts expect that Bank of the Ozarks will post 3.69 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 20th. Shareholders of record on Friday, April 13th were issued a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 1.59%. This is an increase from Bank of the Ozarks’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, April 12th. Bank of the Ozarks’s dividend payout ratio (DPR) is presently 26.35%.

A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $57.00 price objective on shares of Bank of the Ozarks in a research note on Tuesday, February 27th. Zacks Investment Research upgraded shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a research note on Monday, April 16th. BidaskClub raised shares of Bank of the Ozarks from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Brean Capital reissued a “buy” rating on shares of Bank of the Ozarks in a report on Monday, February 5th. Finally, Piper Jaffray reissued a “buy” rating and issued a $59.00 price target on shares of Bank of the Ozarks in a report on Friday, January 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. Bank of the Ozarks has an average rating of “Hold” and an average target price of $54.60.

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

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