V Wealth Management LLC Takes Position in Bank of the Ozarks (NASDAQ:OZRK)

V Wealth Management LLC acquired a new stake in Bank of the Ozarks (NASDAQ:OZRK) during the second quarter, according to its most recent disclosure with the SEC. The firm acquired 3,710 shares of the financial services provider’s stock, valued at approximately $174,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cape Cod Five Cents Savings Bank raised its position in Bank of the Ozarks by 36.8% in the second quarter. Cape Cod Five Cents Savings Bank now owns 19,357 shares of the financial services provider’s stock valued at $908,000 after buying an additional 5,209 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in Bank of the Ozarks by 39.7% in the second quarter. Oregon Public Employees Retirement Fund now owns 44,336 shares of the financial services provider’s stock valued at $2,078,000 after buying an additional 12,597 shares in the last quarter. Horrell Capital Management Inc. raised its position in Bank of the Ozarks by 2.5% in the second quarter. Horrell Capital Management Inc. now owns 112,264 shares of the financial services provider’s stock valued at $5,262,000 after buying an additional 2,724 shares in the last quarter. Randolph Co Inc raised its stake in shares of Bank of the Ozarks by 38.5% in the second quarter. Randolph Co Inc now owns 172,075 shares of the financial services provider’s stock worth $8,065,000 after buying an additional 47,800 shares during the period. Finally, Forte Capital LLC ADV raised its stake in shares of Bank of the Ozarks by 1.7% in the second quarter. Forte Capital LLC ADV now owns 59,077 shares of the financial services provider’s stock worth $2,769,000 after buying an additional 1,001 shares during the period. Hedge funds and other institutional investors own 85.55% of the company’s stock.

Bank of the Ozarks (OZRK) traded down 12.26% during midday trading on Friday, reaching $41.74. The company’s stock had a trading volume of 9,106,468 shares. The firm has a 50 day moving average of $47.37 and a 200 day moving average of $50.18. Bank of the Ozarks has a 52-week low of $35.11 and a 52-week high of $56.86. The firm has a market cap of $5.35 billion, a P/E ratio of 14.68 and a beta of 1.54.

Bank of the Ozarks (NASDAQ:OZRK) last posted its earnings results on Wednesday, July 12th. The financial services provider reported $0.73 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.73. Bank of the Ozarks had a return on equity of 11.75% and a net margin of 46.15%. The company had revenue of $237.30 million for the quarter, compared to analyst estimates of $232.85 million. During the same quarter last year, the company earned $0.60 earnings per share. The company’s revenue for the quarter was up 64.8% on a year-over-year basis. Analysts anticipate that Bank of the Ozarks will post $2.97 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Friday, July 14th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Wednesday, July 12th. This is a positive change from Bank of the Ozarks’s previous quarterly dividend of $0.18. Bank of the Ozarks’s dividend payout ratio (DPR) is currently 25.35%.

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A number of brokerages have recently weighed in on OZRK. Stephens set a $48.00 target price on Bank of the Ozarks and gave the company a “hold” rating in a research note on Friday. BidaskClub lowered Bank of the Ozarks from a “sell” rating to a “strong sell” rating in a research note on Thursday. Brean Capital restated a “buy” rating and issued a $59.00 target price on shares of Bank of the Ozarks in a research note on Friday, July 14th. Finally, Keefe, Bruyette & Woods set a $56.00 price objective on Bank of the Ozarks and gave the stock a “buy” rating in a research report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $51.88.

In related news, insider Dan Thomas sold 19,737 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $47.37, for a total transaction of $934,941.69. Following the completion of the sale, the insider now directly owns 110,624 shares of the company’s stock, valued at $5,240,258.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Walter J. Mullen III sold 1,034 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $47.91, for a total value of $49,538.94. Following the sale, the director now directly owns 3,400 shares of the company’s stock, valued at $162,894. The disclosure for this sale can be found here. Insiders sold 21,805 shares of company stock worth $1,032,045 in the last 90 days. Corporate insiders own 6.70% of the company’s stock.

Bank of the Ozarks Company 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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