Bank of the Ozarks (OZRK) Stake Increased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd boosted its stake in shares of Bank of the Ozarks (NASDAQ:OZRK) by 107.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 14,684 shares of the financial services provider’s stock after buying an additional 7,607 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Bank of the Ozarks were worth $763,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in OZRK. Panagora Asset Management Inc. boosted its stake in Bank of the Ozarks by 492.4% in the third quarter. Panagora Asset Management Inc. now owns 211,226 shares of the financial services provider’s stock valued at $8,111,000 after buying an additional 175,571 shares during the last quarter. UBS Group AG raised its position in Bank of the Ozarks by 121.7% in the third quarter. UBS Group AG now owns 212,749 shares of the financial services provider’s stock valued at $8,170,000 after buying an additional 116,804 shares during the period. CSS LLC IL raised its position in Bank of the Ozarks by 808.2% in the third quarter. CSS LLC IL now owns 58,124 shares of the financial services provider’s stock valued at $2,232,000 after buying an additional 51,724 shares during the period. Rainier Investment Management LLC raised its position in Bank of the Ozarks by 13.6% in the third quarter. Rainier Investment Management LLC now owns 369,790 shares of the financial services provider’s stock valued at $14,198,000 after buying an additional 44,130 shares during the period. Finally, Profund Advisors LLC raised its position in Bank of the Ozarks by 33.1% in the third quarter. Profund Advisors LLC now owns 16,253 shares of the financial services provider’s stock valued at $624,000 after buying an additional 4,042 shares during the period. Hedge funds and other institutional investors own 85.51% of the company’s stock.

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

Shares of Bank of the Ozarks (NASDAQ:OZRK) traded down 0.37% on Friday, reaching $48.37. The company’s stock had a trading volume of 1,882,581 shares. The stock has a market cap of $5.88 billion, a P/E ratio of 17.70 and a beta of 1.53. The firm’s 50 day moving average is $46.99 and its 200-day moving average is $51.12. Bank of the Ozarks has a 52-week low of $33.51 and a 52-week high of $56.86.

Bank of the Ozarks (NASDAQ:OZRK) last released its earnings results on Tuesday, April 11th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.01. Bank of the Ozarks had a return on equity of 12.33% and a net margin of 35.50%. The business had revenue of $219.83 million during the quarter, compared to the consensus estimate of $225.45 million. During the same period last year, the business posted $0.57 earnings per share. On average, equities research analysts forecast that Bank of the Ozarks will post $3.00 EPS for the current year.

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Several research analysts have weighed in on OZRK shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $56.00 price target on shares of Bank of the Ozarks in a research report on Wednesday, May 3rd. Brean Capital set a $63.00 price target on Bank of the Ozarks and gave the stock a “buy” rating in a research report on Wednesday, April 12th. Stephens reaffirmed a “buy” rating on shares of Bank of the Ozarks in a research report on Wednesday, May 24th. BidaskClub raised Bank of the Ozarks from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Finally, Zacks Investment Research lowered Bank of the Ozarks from a “buy” rating to a “hold” rating in a report on Thursday, April 13th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $52.43.

In other news, insider Dan Thomas sold 19,737 shares of Bank of the Ozarks stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $47.37, for a total value of $934,941.69. Following the completion of the transaction, the insider now directly owns 110,624 shares in the company, valued at $5,240,258.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Peter C. Kenny sold 1,034 shares of Bank of the Ozarks stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $46.00, for a total value of $47,564.00. Following the completion of the transaction, the director now owns 8,600 shares of the company’s stock, valued at $395,600. The disclosure for this sale can be found here. Insiders sold 22,760 shares of company stock valued at $1,078,619 over the last three months. Company insiders own 6.70% of the company’s stock.

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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