Cornerstone Capital Management Holdings LLC. Invests $10.11 Million in Bank of the Ozarks (OZRK) Stock

Cornerstone Capital Management Holdings LLC. acquired a new stake in Bank of the Ozarks (NASDAQ:OZRK) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 210,498 shares of the financial services provider’s stock, valued at approximately $10,114,000. Cornerstone Capital Management Holdings LLC. owned approximately 0.16% of Bank of the Ozarks at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Monroe Bank & Trust MI increased its position in Bank of the Ozarks by 0.3% during the second quarter. Monroe Bank & Trust MI now owns 12,437 shares of the financial services provider’s stock worth $583,000 after buying an additional 32 shares in the last quarter. BRYN MAWR TRUST Co increased its position in Bank of the Ozarks by 1.0% during the second quarter. BRYN MAWR TRUST Co now owns 7,764 shares of the financial services provider’s stock worth $364,000 after buying an additional 75 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Bank of the Ozarks by 1.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,778 shares of the financial services provider’s stock worth $271,000 after buying an additional 92 shares in the last quarter. Bellwether Investment Group LLC increased its position in Bank of the Ozarks by 2.3% during the second quarter. Bellwether Investment Group LLC now owns 5,280 shares of the financial services provider’s stock worth $247,000 after buying an additional 118 shares in the last quarter. Finally, Alps Advisors Inc. increased its position in Bank of the Ozarks by 1.4% during the second quarter. Alps Advisors Inc. now owns 9,537 shares of the financial services provider’s stock worth $447,000 after buying an additional 129 shares in the last quarter. 86.28% of the stock is owned by hedge funds and other institutional investors.

OZRK has been the topic of several analyst reports. Zacks Investment Research upgraded Bank of the Ozarks from a “sell” rating to a “hold” rating in a report on Monday, August 28th. ValuEngine cut Bank of the Ozarks from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Piper Jaffray Companies restated an “overweight” rating and set a $55.00 price objective on shares of Bank of the Ozarks in a report on Thursday, October 5th. Raymond James Financial decreased their price objective on Bank of the Ozarks from $59.00 to $57.00 and set an “outperform” rating on the stock in a report on Thursday, October 12th. Finally, SunTrust Banks restated a “hold” rating and set a $50.00 price objective on shares of Bank of the Ozarks in a report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Bank of the Ozarks presently has a consensus rating of “Hold” and an average target price of $54.14.

Shares of Bank of the Ozarks (OZRK) opened at $46.13 on Wednesday. Bank of the Ozarks has a fifty-two week low of $40.15 and a fifty-two week high of $56.86. The stock has a market capitalization of $5,929.51, a price-to-earnings ratio of 15.67, a PEG ratio of 1.30 and a beta of 1.49. The company has a current ratio of 0.93, a quick ratio of 0.99 and a debt-to-equity ratio of 0.07.

Bank of the Ozarks (NASDAQ:OZRK) last issued its earnings results on Wednesday, October 11th. The financial services provider reported $0.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.01. Bank of the Ozarks had a return on equity of 11.85% and a net margin of 65.67%. The firm had revenue of $242.47 million for the quarter, compared to analysts’ expectations of $243.67 million. During the same quarter last year, the firm earned $0.66 earnings per share. research analysts expect that Bank of the Ozarks will post 2.95 EPS for the current fiscal year.

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

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