Ameriprise Financial Inc. Purchases 41,961 Shares of Bank of the Ozarks (OZRK)

Ameriprise Financial Inc. boosted its position in Bank of the Ozarks (NASDAQ:OZRK) by 3.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,183,865 shares of the financial services provider’s stock after purchasing an additional 41,961 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.92% of Bank of the Ozarks worth $55,486,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in OZRK. Exane Derivatives bought a new position in Bank of the Ozarks in the second quarter worth about $119,000. V Wealth Management LLC bought a new position in Bank of the Ozarks in the second quarter worth about $174,000. Opus Capital Group LLC bought a new position in Bank of the Ozarks in the second quarter worth about $203,000. Cigna Investments Inc. New bought a new position in Bank of the Ozarks in the second quarter worth about $221,000. Finally, Edge Wealth Management LLC bought a new position in Bank of the Ozarks in the second quarter worth about $235,000. Institutional investors and hedge funds own 86.70% of the company’s stock.

A number of equities analysts have commented on the stock. BidaskClub upgraded shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Stephens set a $48.00 target price on shares of Bank of the Ozarks and gave the stock a “hold” rating in a report on Friday, July 28th. 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 report on Thursday, July 6th. Finally, Brean Capital reiterated a “buy” rating and issued a $59.00 target price on shares of Bank of the Ozarks in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $53.14.

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Shares of Bank of the Ozarks (OZRK) opened at 45.36 on Thursday. The stock’s 50 day moving average price is $42.66 and its 200-day moving average price is $46.97. Bank of the Ozarks has a 52 week low of $35.53 and a 52 week high of $56.86. The stock has a market cap of $5.81 billion, a price-to-earnings ratio of 15.95 and a beta of 1.53.

Bank of the Ozarks (NASDAQ:OZRK) last issued its earnings results on Wednesday, July 12th. The financial services provider reported $0.73 earnings per share for the quarter, hitting the consensus estimate of $0.73. Bank of the Ozarks had a return on equity of 11.75% and a net margin of 46.15%. The business had revenue of $237.30 million for the quarter, compared to analyst estimates of $232.85 million. During the same quarter last year, the company earned $0.60 EPS. The business’s quarterly revenue was up 64.8% on a year-over-year basis. Equities analysts anticipate that Bank of the Ozarks will post $2.97 earnings per share for the current fiscal year.

Bank of the Ozarks Company 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.

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

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