Eqis Capital Management Inc. reduced its position in Bank Of The Ozarks Inc (NASDAQ:OZRK) by 8.9% during the first quarter, Holdings Channel reports. The fund owned 12,417 shares of the financial services provider’s stock after selling 1,213 shares during the period. Eqis Capital Management Inc.’s holdings in Bank Of The Ozarks were worth $646,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Glen Harbor Capital Management LLC increased its stake in Bank Of The Ozarks by 9.3% in the first quarter. Glen Harbor Capital Management LLC now owns 2,624 shares of the financial services provider’s stock worth $137,000 after buying an additional 224 shares during the last quarter. Tyers Asset Management LLC bought a new stake in Bank Of The Ozarks during the fourth quarter worth about $174,000. Brinker Capital Inc. bought a new stake in Bank Of The Ozarks during the third quarter worth about $219,000. Flinton Capital Management LLC bought a new stake in Bank Of The Ozarks during the fourth quarter worth about $221,000. Finally, BB&T Securities LLC bought a new stake in Bank Of The Ozarks during the third quarter worth about $234,000. Institutional investors own 91.19% of the company’s stock.
Bank Of The Ozarks Inc (NASDAQ:OZRK) traded up 0.04% on Friday, hitting $48.29. 434,422 shares of the stock were exchanged. The stock has a market capitalization of $5.87 billion, a P/E ratio of 17.67 and a beta of 1.51. The company has a 50 day moving average of $49.49 and a 200 day moving average of $49.88. Bank Of The Ozarks Inc has a one year low of $33.51 and a one year high of $56.86.
Bank Of The Ozarks (NASDAQ:OZRK) last announced its quarterly earnings data on Tuesday, April 11th. The financial services provider reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.01. The business had revenue of $219.83 million for the quarter, compared to analyst estimates of $225.45 million. Bank Of The Ozarks had a net margin of 35.19% and a return on equity of 12.55%. During the same quarter in the previous year, the firm posted $0.57 earnings per share. On average, equities research analysts forecast that Bank Of The Ozarks Inc will post $3.06 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 21st. Stockholders of record on Friday, April 14th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Tuesday, April 11th. This is a positive change from Bank Of The Ozarks’s previous quarterly dividend of $0.17. Bank Of The Ozarks’s payout ratio is currently 26.67%.
A number of research firms have issued reports on OZRK. Keefe, Bruyette & Woods set a $56.00 target price on shares of Bank Of The Ozarks and gave the stock a “buy” rating in a research report on Monday, April 3rd. Brean Capital set a $63.00 target price on shares of Bank Of The Ozarks and gave the stock a “buy” rating in a research report on Wednesday, January 18th. Finally, Zacks Investment Research downgraded shares of Bank Of The Ozarks from a “buy” rating to a “hold” rating in a research report on Thursday, April 13th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $52.13.
In other news, insider Dan Thomas sold 19,737 shares of the business’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $47.37, for a total value of $934,941.69. Following the sale, the insider now owns 110,624 shares of the company’s stock, valued at $5,240,258.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Walter J. Mullen III sold 505 shares of the business’s stock in a transaction on Monday, April 24th. The stock was sold at an average price of $50.31, for a total transaction of $25,406.55. Following the completion of the sale, the director now directly owns 3,400 shares in the company, valued at approximately $171,054. The disclosure for this sale can be found here. In the last three months, insiders sold 22,236 shares of company stock worth $1,066,822. 8.70% of the stock is currently owned by insiders.
Bank Of The Ozarks Company Profile
Bank of the Ozarks, Inc is a bank holding company. The Company owns an Arkansas state chartered subsidiary bank, Bank of the Ozarks (the Bank). The Company provides a range of retail and commercial banking services. Its deposit services include checking, savings, money market, time deposit and individual retirement accounts.
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