Horrell Capital Management Inc. Purchases 2,284 Shares of Bank Of The Ozarks Inc (OZRK)
Horrell Capital Management Inc. increased its position in shares of Bank Of The Ozarks Inc (NASDAQ:OZRK) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 115,064 shares of the financial services provider’s stock after buying an additional 2,284 shares during the period. Bank Of The Ozarks accounts for 2.9% of Horrell Capital Management Inc.’s holdings, making the stock its 7th biggest holding. Horrell Capital Management Inc.’s holdings in Bank Of The Ozarks were worth $5,575,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in OZRK. Willingdon Wealth Management bought a new position in Bank Of The Ozarks during the third quarter worth $104,000. BB&T Investment Services Inc. acquired a new stake in Bank Of The Ozarks in the second quarter worth $190,000. Cadence Capital Management LLC acquired a new stake in Bank Of The Ozarks in the third quarter worth $202,000. Dorsey & Whitney Trust CO LLC acquired a new stake in Bank Of The Ozarks in the third quarter worth $217,000. Finally, First Allied Advisory Services Inc. acquired a new stake in Bank Of The Ozarks in the second quarter worth $237,000. 85.48% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Bank Of The Ozarks from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Morgan Stanley restated an “overweight” rating and issued a $54.00 price target on shares of Bank Of The Ozarks in a report on Thursday, December 14th. Barclays assumed coverage on shares of Bank Of The Ozarks in a report on Wednesday, January 3rd. They issued an “overweight” rating and a $60.00 price target for the company. Raymond James Financial reduced their price target on shares of Bank Of The Ozarks from $59.00 to $57.00 and set an “outperform” rating for the company in a report on Thursday, October 12th. Finally, Brean Capital restated a “buy” rating and issued a $65.00 price target on shares of Bank Of The Ozarks in a report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $56.00.
Bank Of The Ozarks (NASDAQ:OZRK) last issued its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.75. The firm had revenue of $245.04 million during the quarter, compared to analysts’ expectations of $249.84 million. Bank Of The Ozarks had a net margin of 35.53% and a return on equity of 11.50%. During the same period last year, the company earned $0.72 earnings per share. research analysts forecast that Bank Of The Ozarks Inc will post 3.7 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 19th will be issued a dividend of $0.19 per share. This is a boost from Bank Of The Ozarks’s previous quarterly dividend of $0.19. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, January 18th. Bank Of The Ozarks’s dividend payout ratio (DPR) is currently 28.04%.
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About Bank Of The Ozarks
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.
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