Shelton Capital Management Takes Position in Bank of the Ozarks (OZRK)

Shelton Capital Management purchased a new position in Bank of the Ozarks (NASDAQ:OZRK) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,146 shares of the financial services provider’s stock, valued at approximately $429,000.

A number of other large investors also recently bought and sold shares of OZRK. UBS Asset Management Americas Inc. grew its holdings in Bank of the Ozarks by 56.7% in the first quarter. UBS Asset Management Americas Inc. now owns 145,834 shares of the financial services provider’s stock worth $7,585,000 after purchasing an additional 52,792 shares during the period. Karp Capital Management Corp acquired a new stake in Bank of the Ozarks in the first quarter worth $766,000. M&T Bank Corp grew its holdings in Bank of the Ozarks by 14.4% in the first quarter. M&T Bank Corp now owns 6,365 shares of the financial services provider’s stock worth $332,000 after purchasing an additional 802 shares during the period. JPMorgan Chase & Co. grew its holdings in Bank of the Ozarks by 242.3% in the first quarter. JPMorgan Chase & Co. now owns 434,901 shares of the financial services provider’s stock worth $22,617,000 after purchasing an additional 307,851 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Bank of the Ozarks in the first quarter worth $419,000. Institutional investors and hedge funds own 86.64% of the company’s stock.

Bank of the Ozarks (NASDAQ OZRK) opened at 47.66 on Wednesday. The stock’s 50 day moving average is $44.58 and its 200-day moving average is $46.32. The firm has a market capitalization of $6.11 billion, a PE ratio of 16.71 and a beta of 1.54. Bank of the Ozarks has a one year low of $35.53 and a one year high of $56.86.

Bank of the Ozarks (NASDAQ:OZRK) last announced its quarterly earnings results on Wednesday, October 11th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. Bank of the Ozarks had a net margin of 46.15% and a return on equity of 11.75%. During the same quarter in the prior year, the firm posted $0.66 EPS. On average, analysts anticipate that Bank of the Ozarks will post $2.97 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 13th will be issued a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, October 12th. This is an increase from Bank of the Ozarks’s previous quarterly dividend of $0.18. Bank of the Ozarks’s dividend payout ratio (DPR) is presently 25.35%.

TRADEMARK VIOLATION WARNING: “Shelton Capital Management Takes Position in Bank of the Ozarks (OZRK)” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/11/shelton-capital-management-takes-position-in-bank-of-the-ozarks-ozrk.html.

A number of equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Piper Jaffray Companies restated an “overweight” rating and issued a $55.00 price target on shares of Bank of the Ozarks in a report on Thursday, October 5th. Stephens set a $48.00 price target 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 price target on shares of Bank of the Ozarks and gave the stock a “buy” rating in a report on Thursday, July 6th. Finally, BidaskClub cut shares of Bank of the Ozarks from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. Bank of the Ozarks currently has a consensus rating of “Hold”

A number of other large investors also recently bought and sold shares of OZRK. UBS Asset Management Americas Inc. grew its holdings in Bank of the Ozarks by 56.7% in the first quarter. UBS Asset Management Americas Inc. now owns 145,834 shares of the financial services provider’s stock worth $7,585,000 after purchasing an additional 52,792 shares during the period. Karp Capital Management Corp acquired a new stake in Bank of the Ozarks in the first quarter worth $766,000. M&T Bank Corp grew its holdings in Bank of the Ozarks by 14.4% in the first quarter. M&T Bank Corp now owns 6,365 shares of the financial services provider’s stock worth $332,000 after purchasing an additional 802 shares during the period. JPMorgan Chase & Co. grew its holdings in Bank of the Ozarks by 242.3% in the first quarter. JPMorgan Chase & Co. now owns 434,901 shares of the financial services provider’s stock worth $22,617,000 after purchasing an additional 307,851 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Bank of the Ozarks in the first quarter worth $419,000. Institutional investors and hedge funds own 86.64% of the company’s stock.

Bank of the Ozarks (NASDAQ OZRK) opened at 47.66 on Wednesday. The stock’s 50 day moving average is $44.58 and its 200-day moving average is $46.32. The firm has a market capitalization of $6.11 billion, a PE ratio of 16.71 and a beta of 1.54. Bank of the Ozarks has a one year low of $35.53 and a one year high of $56.86.

Bank of the Ozarks (NASDAQ:OZRK) last announced its quarterly earnings results on Wednesday, October 11th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. Bank of the Ozarks had a net margin of 46.15% and a return on equity of 11.75%. During the same quarter in the prior year, the firm posted $0.66 EPS. On average, analysts anticipate that Bank of the Ozarks will post $2.97 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 13th will be issued a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, October 12th. This is an increase from Bank of the Ozarks’s previous quarterly dividend of $0.18. Bank of the Ozarks’s dividend payout ratio (DPR) is presently 25.35%.

TRADEMARK VIOLATION WARNING: “Shelton Capital Management Takes Position in Bank of the Ozarks (OZRK)” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/11/shelton-capital-management-takes-position-in-bank-of-the-ozarks-ozrk.html.

A number of equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Piper Jaffray Companies restated an “overweight” rating and issued a $55.00 price target on shares of Bank of the Ozarks in a report on Thursday, October 5th. Stephens set a $48.00 price target 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 price target on shares of Bank of the Ozarks and gave the stock a “buy” rating in a report on Thursday, July 6th. Finally, BidaskClub cut shares of Bank of the Ozarks from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. Bank of the Ozarks currently has a consensus rating of “Hold” and an average price target of $52.57.

Bank of the Ozarks 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.

Want to see what other hedge funds are holding OZRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank of the Ozarks (NASDAQ:OZRK).

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

Receive News & Ratings for Bank of the Ozarks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of the Ozarks and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply