Today, Neuberger Berman Group LLC invests in Bank of the Ozarks Inc. (OZRK) Shares

Today, Neuberger Berman Group LLC invests in Bank of the Ozarks Inc. (OZRK) Shares

Neuberger Berman Group LLC boosted its stake in shares of Bank of the Ozarks Inc. (NASDAQ:OZRK) by 17.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,487,966 shares of the financial services provider’s stock after buying an additional 511,364 shares during the period. Neuberger Berman Group LLC owned about 2.88% of Bank of the Ozarks worth $133,938,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of OZRK. Capstone Asset Management Co. increased its stake in Bank of the Ozarks by 16.5% in the second quarter. Capstone Asset Management Co. now owns 10,052 shares of the financial services provider’s stock valued at $377,000 after buying an additional 1,420 shares in the last quarter. NN Investment Partners Holdings N.V. increased its stake in Bank of the Ozarks by 10.0% in the second quarter. NN Investment Partners Holdings N.V. now owns 3,300 shares of the financial services provider’s stock valued at $124,000 after buying an additional 300 shares in the last quarter. Cue Financial Group Inc. increased its stake in Bank of the Ozarks by 9.2% in the second quarter. Cue Financial Group Inc. now owns 26,950 shares of the financial services provider’s stock valued at $1,011,000 after buying an additional 2,265 shares in the last quarter. Forte Capital LLC ADV increased its stake in Bank of the Ozarks by 0.8% in the second quarter. Forte Capital LLC ADV now owns 49,991 shares of the financial services provider’s stock valued at $1,876,000 after buying an additional 401 shares in the last quarter. Finally, Raymond James Trust N.A. purchased a new stake in Bank of the Ozarks during the second quarter valued at about $203,000. Hedge funds and other institutional investors own 76.65% of the company’s stock.

Shares of Bank of the Ozarks Inc. (NASDAQ:OZRK) traded down 0.08% during midday trading on Friday, reaching $47.41. The company’s stock had a trading volume of 401,827 shares. The firm’s 50 day moving average is $40.35 and its 200 day moving average is $38.50. The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 19.58 and a beta of 1.26. Bank of the Ozarks Inc. has a 52 week low of $33.51 and a 52 week high of $54.90.

Bank of the Ozarks (NASDAQ:OZRK) last announced its quarterly earnings data on Tuesday, October 11th. The financial services provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.06. Bank of the Ozarks had a return on equity of 12.83% and a net margin of 35.19%. During the same quarter in the prior year, the firm posted $0.54 earnings per share. Equities analysts forecast that Bank of the Ozarks Inc. will post $2.52 EPS for the current fiscal year.

Several research firms recently issued reports on OZRK. Zacks Investment Research upgraded Bank of the Ozarks from a “sell” rating to a “hold” rating in a report on Friday, October 7th. Rafferty Capital Markets began coverage on Bank of the Ozarks in a report on Friday, September 16th. They issued a “buy” rating and a $46.00 price objective on the stock. Wells Fargo & Co. set a $42.00 price objective on Bank of the Ozarks and gave the company a “hold” rating in a report on Wednesday, October 12th. Finally, Raymond James Financial Inc. upgraded Bank of the Ozarks from a “market perform” rating to an “outperform” rating and set a $51.00 price objective on the stock in a report on Thursday, August 25th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $46.33.

In other news, EVP Timothy D. Hicks sold 3,000 shares of the stock in a transaction on Monday, November 14th. The stock was sold at an average price of $46.84, for a total transaction of $140,520.00. Following the completion of the sale, the executive vice president now owns 22,740 shares in the company, valued at approximately $1,065,141.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Crawford Carter sold 1,125 shares of the stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $37.05, for a total value of $41,681.25. Following the sale, the director now owns 10,085 shares of the company’s stock, valued at approximately $373,649.25. The disclosure for this sale can be found here. Insiders own 8.70% of the company’s stock.

Bank of the Ozarks Company Profile

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