Bank of the Ozarks (OZRK) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in Bank of the Ozarks (NASDAQ:OZRK) by 25.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 998,592 shares of the financial services provider’s stock after purchasing an additional 201,688 shares during the quarter. Dimensional Fund Advisors LP owned about 0.78% of Bank of the Ozarks worth $46,806,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. First Midwest Bank Trust Division grew its position in shares of Bank of the Ozarks by 0.4% in the second quarter. First Midwest Bank Trust Division now owns 33,502 shares of the financial services provider’s stock valued at $1,570,000 after purchasing an additional 143 shares during the last quarter. American Century Companies Inc. grew its position in shares of Bank of the Ozarks by 15.0% in the second quarter. American Century Companies Inc. now owns 1,155,532 shares of the financial services provider’s stock valued at $54,160,000 after purchasing an additional 150,562 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Bank of the Ozarks by 4.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 527,393 shares of the financial services provider’s stock valued at $27,430,000 after purchasing an additional 23,322 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Bank of the Ozarks by 144.6% in the second quarter. Principal Financial Group Inc. now owns 3,138,880 shares of the financial services provider’s stock valued at $147,117,000 after purchasing an additional 1,855,697 shares during the last quarter. Finally, BlackRock Inc. grew its position in shares of Bank of the Ozarks by 4.8% in the second quarter. BlackRock Inc. now owns 10,457,898 shares of the financial services provider’s stock valued at $490,162,000 after purchasing an additional 480,415 shares during the last quarter. 86.43% of the stock is currently owned by institutional investors.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised Bank of the Ozarks from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $50.00 price target on shares of Bank of the Ozarks in a research report on Thursday, October 12th. Raymond James Financial, Inc. lowered their price target on Bank of the Ozarks from $59.00 to $57.00 and set an “outperform” rating on the stock in a research report on Thursday, October 12th. Stephens set a $48.00 price target on Bank of the Ozarks and gave the company a “hold” rating in a research report on Thursday, August 3rd. Finally, Brean Capital reaffirmed a “buy” rating on shares of Bank of the Ozarks in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $54.13.

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Shares of Bank of the Ozarks (NASDAQ:OZRK) opened at 47.09 on Monday. Bank of the Ozarks has a 1-year low of $35.53 and a 1-year high of $56.86. The company has a market cap of $6.04 billion, a PE ratio of 16.06 and a beta of 1.54. The company has a 50 day moving average of $45.39 and a 200 day moving average of $46.09.

Bank of the Ozarks (NASDAQ:OZRK) last announced its quarterly earnings results on Wednesday, October 11th. The financial services provider reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.01. Bank of the Ozarks had a net margin of 65.67% and a return on equity of 11.85%. The business had revenue of $242.47 million for the quarter, compared to analyst estimates of $243.67 million. During the same quarter in the prior year, the business earned $0.66 EPS. Equities analysts expect that Bank of the Ozarks will post $2.96 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, October 13th were paid a $0.185 dividend. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $0.74 dividend on an annualized basis and a yield of 1.57%. This is a positive change from Bank of the Ozarks’s previous quarterly dividend of $0.18. Bank of the Ozarks’s dividend payout ratio is 25.26%.

About Bank of the Ozarks

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.

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

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