Bank of the Ozarks (OZRK) Position Cut by Monroe Bank & Trust MI

Monroe Bank & Trust MI cut its stake in shares of Bank of the Ozarks (NASDAQ:OZRK) by 6.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,809 shares of the financial services provider’s stock after selling 926 shares during the period. Monroe Bank & Trust MI’s holdings in Bank of the Ozarks were worth $510,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in Bank of the Ozarks by 17.3% in the third quarter. Bank of New York Mellon Corp now owns 1,212,094 shares of the financial services provider’s stock valued at $46,546,000 after buying an additional 178,335 shares during the last quarter. Stevens Capital Management LP raised its position in Bank of the Ozarks by 302.8% in the third quarter. Stevens Capital Management LP now owns 132,107 shares of the financial services provider’s stock valued at $5,073,000 after buying an additional 99,308 shares during the last quarter. Wells Fargo & Company MN raised its position in Bank of the Ozarks by 21.7% in the third quarter. Wells Fargo & Company MN now owns 1,164,480 shares of the financial services provider’s stock valued at $44,716,000 after buying an additional 207,474 shares during the last quarter. Prudential Financial Inc. raised its position in Bank of the Ozarks by 281.3% in the third quarter. Prudential Financial Inc. now owns 233,249 shares of the financial services provider’s stock valued at $8,957,000 after buying an additional 172,074 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its position in Bank of the Ozarks by 1.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 36,660 shares of the financial services provider’s stock valued at $1,408,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 91.19% of the company’s stock.

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

Bank of the Ozarks (NASDAQ:OZRK) traded up 0.67% during midday trading on Monday, hitting $55.93. 272,012 shares of the company were exchanged. The stock has a 50 day moving average of $53.71 and a 200 day moving average of $44.11. Bank of the Ozarks has a 1-year low of $33.51 and a 1-year high of $56.49. The firm has a market capitalization of $6.78 billion, a PE ratio of 21.68 and a beta of 1.51.

Bank of the Ozarks (NASDAQ:OZRK) last posted its earnings results on Tuesday, January 17th. The financial services provider reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.03. The company had revenue of $225.40 million for the quarter, compared to analyst estimates of $215.69 million. Bank of the Ozarks had a return on equity of 12.55% and a net margin of 35.19%. During the same quarter in the prior year, the company earned $0.57 earnings per share. On average, equities analysts predict that Bank of the Ozarks will post $3.07 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, January 27th. Shareholders of record on Friday, January 20th were issued a $0.17 dividend. This is a positive change from Bank of the Ozarks’s previous quarterly dividend of $0.17. The ex-dividend date was Wednesday, January 18th. This represents a $0.68 annualized dividend and a yield of 1.22%. Bank of the Ozarks’s dividend payout ratio is 26.67%.

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Several equities analysts have recently weighed in on OZRK shares. Brean Capital set a $63.00 price objective on shares of Bank of the Ozarks and gave the company a “buy” rating in a report on Wednesday, January 18th. Zacks Investment Research lowered shares of Bank of the Ozarks from a “buy” rating to a “hold” rating in a report on Friday, December 16th. Finally, BB&T Corporation started coverage on shares of Bank of the Ozarks in a report on Thursday, December 1st. They set a “buy” rating and a $54.00 price objective on the stock. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $50.88.

In related news, COO Tyler A. Vance sold 16,000 shares of the stock in a transaction on Thursday, December 8th. The stock was sold at an average price of $52.19, for a total transaction of $835,040.00. Following the sale, the chief operating officer now owns 91,772 shares of the company’s stock, valued at $4,789,580.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Timothy D. Hicks sold 3,600 shares of the stock in a transaction on Friday, January 27th. The shares were sold at an average price of $55.81, for a total value of $200,916.00. Following the sale, the executive vice president now directly owns 27,372 shares in the company, valued at approximately $1,527,631.32. The disclosure for this sale can be found here. Insiders sold 56,000 shares of company stock worth $2,962,972 in the last three months. 8.70% of the stock is owned by corporate insiders.

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, 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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