Burney Co. Invests $599,000 in Bank of the Ozarks (OZRK) Stock

Burney Co. acquired a new stake in Bank of the Ozarks (NASDAQ:OZRK) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 12,400 shares of the financial services provider’s stock, valued at approximately $599,000.

A number of other large investors have also recently bought and sold shares of OZRK. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Bank of the Ozarks by 78.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 3,293 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 1,450 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Bank of the Ozarks by 115.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,459 shares of the financial services provider’s stock worth $167,000 after purchasing an additional 1,852 shares during the last quarter. Meridian Management Co. purchased a new stake in shares of Bank of the Ozarks during the 4th quarter worth approximately $201,000. Exane Derivatives increased its stake in shares of Bank of the Ozarks by 78.8% during the 4th quarter. Exane Derivatives now owns 4,486 shares of the financial services provider’s stock worth $217,000 after purchasing an additional 1,977 shares during the last quarter. Finally, Atria Investments LLC purchased a new stake in shares of Bank of the Ozarks during the 1st quarter worth approximately $239,000. Hedge funds and other institutional investors own 89.42% of the company’s stock.

Several brokerages have recently issued reports on OZRK. BidaskClub upgraded shares of Bank of the Ozarks from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Zacks Investment Research lowered shares of Bank of the Ozarks from a “hold” rating to a “sell” rating in a research note on Tuesday, March 13th. Keefe, Bruyette & Woods restated a “hold” rating and set a $57.00 price target on shares of Bank of the Ozarks in a research note on Tuesday, February 27th. Piper Jaffray restated a “buy” rating and set a $59.00 price target on shares of Bank of the Ozarks in a research note on Friday, January 19th. Finally, UBS began coverage on shares of Bank of the Ozarks in a research note on Thursday, March 22nd. They set a “sell” rating and a $45.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $54.60.

Bank of the Ozarks stock opened at $49.02 on Friday. Bank of the Ozarks has a 1-year low of $48.36 and a 1-year high of $48.90. The company has a market capitalization of $6.22 billion, a P/E ratio of 16.56, a price-to-earnings-growth ratio of 1.10 and a beta of 1.35. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.10.

Bank of the Ozarks (NASDAQ:OZRK) last released its quarterly earnings data on Thursday, April 12th. The financial services provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.03. Bank of the Ozarks had a net margin of 40.54% and a return on equity of 11.65%. The business had revenue of $246.48 million during the quarter, compared to analyst estimates of $246.11 million. During the same period in the previous year, the business earned $0.73 EPS. sell-side analysts forecast that Bank of the Ozarks will post 3.69 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 20th. Investors of record on Friday, April 13th were paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 1.59%. This is a positive change from Bank of the Ozarks’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, April 12th. Bank of the Ozarks’s payout ratio is currently 26.35%.

Bank of the Ozarks Company Profile

Bank of the Ozarks provides a range of retail and commercial banking services to businesses, individuals, and non-profit and governmental entities. The company accepts non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits.

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

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