Bank of the Ozarks (OZRK) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. lowered its holdings in shares of Bank of the Ozarks (NASDAQ:OZRK) by 4.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 44,116 shares of the financial services provider’s stock after selling 2,264 shares during the period. Advisors Asset Management Inc.’s holdings in Bank of the Ozarks were worth $2,120,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of OZRK. Capstone Asset Management Co. grew its holdings in Bank of the Ozarks by 27.9% during the second quarter. Capstone Asset Management Co. now owns 12,532 shares of the financial services provider’s stock worth $587,000 after purchasing an additional 2,730 shares during the period. State Treasurer State of Michigan lifted its position in Bank of the Ozarks by 35.4% during the second quarter. State Treasurer State of Michigan now owns 50,100 shares of the financial services provider’s stock worth $2,348,000 after acquiring an additional 13,100 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Bank of the Ozarks by 5.9% during the second quarter. Russell Investments Group Ltd. now owns 190,729 shares of the financial services provider’s stock worth $8,939,000 after acquiring an additional 10,690 shares during the last quarter. First Heartland Consultants Inc. lifted its position in Bank of the Ozarks by 20.8% during the second quarter. First Heartland Consultants Inc. now owns 7,311 shares of the financial services provider’s stock worth $343,000 after acquiring an additional 1,259 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its position in Bank of the Ozarks by 20.5% during the second quarter. Public Employees Retirement Association of Colorado now owns 21,155 shares of the financial services provider’s stock worth $992,000 after acquiring an additional 3,592 shares during the last quarter. Institutional investors and hedge funds own 86.22% of the company’s stock.

Several equities research analysts have issued reports on OZRK shares. Zacks Investment Research upgraded shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a research report on Monday, August 28th. Brean Capital restated a “buy” rating on shares of Bank of the Ozarks in a research report on Monday, October 30th. Piper Jaffray Companies restated an “overweight” rating and set a $55.00 price objective on shares of Bank of the Ozarks in a research report on Thursday, October 5th. SunTrust Banks restated a “hold” rating and set a $50.00 price objective on shares of Bank of the Ozarks in a research report on Thursday, October 12th. Finally, ValuEngine downgraded shares of Bank of the Ozarks from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $54.14.

Shares of Bank of the Ozarks (NASDAQ OZRK) opened at $46.51 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.93 and a quick ratio of 0.99. Bank of the Ozarks has a 1 year low of $40.15 and a 1 year high of $56.86. The firm has a market cap of $6,190.46, a P/E ratio of 16.35, a PEG ratio of 1.35 and a beta of 1.49.

Bank of the Ozarks (NASDAQ:OZRK) last released its quarterly earnings results on Wednesday, October 11th. The financial services provider reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $242.47 million during the quarter, compared to the consensus estimate of $243.67 million. During the same period in the previous year, the business earned $0.66 earnings per share. analysts predict that Bank of the Ozarks will post 2.95 EPS for the current year.

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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.

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

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