Bank of the Ozarks Inc. (OZRK) Shares Sold by Bbva Compass Bancshares Inc.

Bbva Compass Bancshares Inc. decreased its stake in Bank of the Ozarks Inc. (NASDAQ:OZRK) by 47.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,923 shares of the financial services provider’s stock after selling 24,096 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Bank of the Ozarks were worth $1,011,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Renaissance Technologies LLC raised its stake in shares of Bank of the Ozarks by 158.5% in the first quarter. Renaissance Technologies LLC now owns 639,340 shares of the financial services provider’s stock valued at $26,833,000 after buying an additional 392,023 shares during the last quarter. Silvercrest Asset Management Group LLC raised its stake in shares of Bank of the Ozarks by 2.7% in the first quarter. Silvercrest Asset Management Group LLC now owns 1,174,231 shares of the financial services provider’s stock valued at $49,282,000 after buying an additional 31,225 shares during the last quarter. Emerald Mutual Fund Advisers Trust raised its stake in shares of Bank of the Ozarks by 2.8% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 1,032,826 shares of the financial services provider’s stock valued at $38,752,000 after buying an additional 27,870 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Bank of the Ozarks by 19.6% in the first quarter. Wellington Management Group LLP now owns 3,170,393 shares of the financial services provider’s stock valued at $133,061,000 after buying an additional 518,912 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Bank of the Ozarks during the first quarter valued at approximately $950,000. Institutional investors own 71.37% of the company’s stock.

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

Shares of Bank of the Ozarks Inc. (NASDAQ:OZRK) traded up 0.59% on Wednesday, reaching $37.78. 684,572 shares of the company traded hands. The firm has a 50-day moving average of $38.73 and a 200-day moving average of $38.66. Bank of the Ozarks Inc. has a 52-week low of $33.51 and a 52-week high of $54.96. The company has a market capitalization of $4.58 billion, a PE ratio of 16.65 and a beta of 1.32.

Bank of the Ozarks (NASDAQ:OZRK) last released its quarterly earnings results on Tuesday, October 11th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.06. Bank of the Ozarks had a return on equity of 12.84% and a net margin of 49.74%. During the same period in the previous year, the business earned $0.54 earnings per share. On average, equities research analysts forecast that Bank of the Ozarks Inc. will post $2.44 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Friday, October 14th will be paid a $0.165 dividend. This is a boost from Bank of the Ozarks’s previous quarterly dividend of $0.16. The ex-dividend date is Wednesday, October 12th. This represents a $0.66 annualized dividend and a dividend yield of 1.76%. Bank of the Ozarks’s dividend payout ratio is presently 27.50%.

Several research analysts have recently issued reports on OZRK shares. Zacks Investment Research downgraded Bank of the Ozarks from a “hold” rating to a “sell” rating in a research note on Monday, September 19th. Wells Fargo & Co. set a $42.00 price target on Bank of the Ozarks and gave the stock a “hold” rating in a research note on Wednesday, October 12th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $46.00 price target (down previously from $48.00) on shares of Bank of the Ozarks in a research note on Friday, June 24th. Raymond James Financial Inc. raised Bank of the Ozarks from a “market perform” rating to an “outperform” rating and set a $51.00 price target for the company in a research note on Thursday, August 25th. Finally, Rafferty Capital Markets started coverage on Bank of the Ozarks in a research note on Friday, September 16th. They set a “buy” rating and a $46.00 price target for the company. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $46.33.

In other Bank of the Ozarks news, Director Walter J. Mullen III purchased 1,120 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The stock was bought at an average price of $37.14 per share, with a total value of $41,596.80. Following the completion of the purchase, the director now owns 3,775 shares in the company, valued at approximately $140,203.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Walter J. Mullen III purchased 1,130 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The stock was acquired at an average cost of $35.28 per share, with a total value of $39,866.40. Following the purchase, the director now owns 2,650 shares of the company’s stock, valued at approximately $93,492. The disclosure for this purchase can be found here. 8.70% of the stock is owned by insiders.

About Bank of the Ozarks

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, through the Bank, conducts operations through approximately 257 offices, including over 80 offices in Arkansas, approximately 30 in Georgia, over 20 in North Carolina, over 20 in Texas, approximately 44 in Florida, over three in Alabama, approximately two each in South Carolina and New York, and one in California.

5 Day Chart for NASDAQ:OZRK

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