Toronto Dominion Bank cut its stake in shares of Bank of the Ozarks (NASDAQ:OZRK) by 9.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,278 shares of the financial services provider’s stock after selling 230 shares during the period. Toronto Dominion Bank’s holdings in Bank of the Ozarks were worth $119,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in OZRK. William Blair Investment Management LLC increased its stake in Bank of the Ozarks by 403.3% in the fourth quarter. William Blair Investment Management LLC now owns 2,702,863 shares of the financial services provider’s stock valued at $142,144,000 after buying an additional 2,165,819 shares in the last quarter. Prudential PLC purchased a new stake in Bank of the Ozarks during the fourth quarter valued at about $88,788,000. Norges Bank purchased a new stake in Bank of the Ozarks during the fourth quarter valued at about $37,239,000. Nordea Investment Management AB purchased a new stake in Bank of the Ozarks during the third quarter valued at about $20,580,000. Finally, First Trust Advisors LP increased its stake in Bank of the Ozarks by 183.8% in the first quarter. First Trust Advisors LP now owns 588,964 shares of the financial services provider’s stock valued at $30,632,000 after buying an additional 381,453 shares in the last quarter. 85.51% of the stock is currently owned by institutional investors and hedge funds.
Bank of the Ozarks (NASDAQ:OZRK) traded down 0.37% on Friday, hitting $48.37. The stock had a trading volume of 1,882,581 shares. Bank of the Ozarks has a 12-month low of $33.51 and a 12-month high of $56.86. The firm has a market cap of $5.88 billion, a PE ratio of 17.70 and a beta of 1.53. The company’s 50 day moving average is $46.99 and its 200 day moving average is $51.12.
Bank of the Ozarks (NASDAQ:OZRK) last announced its earnings results on Tuesday, April 11th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.01. Bank of the Ozarks had a return on equity of 12.33% and a net margin of 35.50%. The business had revenue of $219.83 million for the quarter, compared to analyst estimates of $225.45 million. During the same period in the previous year, the company earned $0.57 earnings per share. On average, equities research analysts expect that Bank of the Ozarks will post $3.00 EPS for the current fiscal year.
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Several equities research analysts recently issued reports on the company. BidaskClub upgraded Bank of the Ozarks from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Brean Capital set a $59.00 price objective on Bank of the Ozarks and gave the company a “buy” rating in a report on Saturday, June 3rd. Stephens reiterated a “buy” rating on shares of Bank of the Ozarks in a report on Wednesday, May 24th. Keefe, Bruyette & Woods restated a “buy” rating and set a $56.00 price target on shares of Bank of the Ozarks in a report on Wednesday, May 3rd. Finally, Zacks Investment Research downgraded Bank of the Ozarks from a “buy” rating to a “hold” rating in a report on Thursday, April 13th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $52.43.
In other news, Director Walter J. Mullen III sold 505 shares of Bank of the Ozarks stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $50.31, for a total transaction of $25,406.55. Following the sale, the director now directly owns 3,400 shares of the company’s stock, valued at $171,054. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Paula H. Cholmondeley bought 1,214 shares of the company’s stock in a transaction dated Thursday, April 20th. The shares were acquired at an average cost of $49.36 per share, for a total transaction of $59,923.04. Following the completion of the transaction, the director now owns 6,227 shares of the company’s stock, valued at approximately $307,364.72. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 22,760 shares of company stock worth $1,078,619. Corporate insiders own 6.70% of the company’s stock.
Bank of the Ozarks Company Profile
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 provides a range of retail and commercial banking services. Its deposit services include checking, savings, money market, time deposit and individual retirement accounts.
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