Neumeier Poma Investment Counsel LLC Reduces Stake in Bank of the Ozarks (OZRK)

Neumeier Poma Investment Counsel LLC cut its stake in Bank of the Ozarks (NASDAQ:OZRK) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 464,475 shares of the financial services provider’s stock after selling 2,550 shares during the quarter. Bank of the Ozarks makes up 2.5% of Neumeier Poma Investment Counsel LLC’s portfolio, making the stock its 22nd biggest holding. Neumeier Poma Investment Counsel LLC owned 0.36% of Bank of the Ozarks worth $21,770,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of OZRK. Glen Harbor Capital Management LLC increased its stake in shares of Bank of the Ozarks by 9.3% in the first quarter. Glen Harbor Capital Management LLC now owns 2,624 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 224 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Bank of the Ozarks by 0.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 52,857 shares of the financial services provider’s stock worth $2,749,000 after acquiring an additional 410 shares during the last quarter. US Bancorp DE increased its stake in shares of Bank of the Ozarks by 15.3% in the first quarter. US Bancorp DE now owns 16,578 shares of the financial services provider’s stock worth $861,000 after acquiring an additional 2,195 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Bank of the Ozarks by 4.1% in the first quarter. Bank of New York Mellon Corp now owns 1,321,402 shares of the financial services provider’s stock worth $68,725,000 after acquiring an additional 51,790 shares during the last quarter. Finally, Suntrust Banks Inc. increased its stake in shares of Bank of the Ozarks by 35.4% in the first quarter. Suntrust Banks Inc. now owns 5,204 shares of the financial services provider’s stock worth $270,000 after acquiring an additional 1,360 shares during the last quarter. 87.90% of the stock is currently owned by institutional investors and hedge funds.

Bank of the Ozarks (NASDAQ OZRK) traded up 0.16% during trading on Friday, reaching $43.44. 1,959,445 shares of the company’s stock traded hands. Bank of the Ozarks has a 12 month low of $35.53 and a 12 month high of $56.86. The firm has a market cap of $5.57 billion, a PE ratio of 15.27 and a beta of 1.53. The firm has a 50 day moving average price of $42.53 and a 200-day moving average price of $47.25.

Bank of the Ozarks (NASDAQ:OZRK) last posted its quarterly earnings data on Wednesday, July 12th. The financial services provider reported $0.73 EPS for the quarter, meeting the consensus estimate of $0.73. The business had revenue of $237.30 million for the quarter, compared to analysts’ expectations of $232.85 million. Bank of the Ozarks had a net margin of 46.15% and a return on equity of 11.75%. The firm’s revenue was up 64.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 EPS. On average, analysts forecast that Bank of the Ozarks will post $2.97 earnings per share for the current fiscal year.

OZRK has been the topic of a number of research reports. BidaskClub downgraded shares of Bank of the Ozarks from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Zacks Investment Research raised shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a research note on Monday, August 28th. Stephens set a $64.00 price target on shares of Bank of the Ozarks and gave the stock a “buy” rating in a research note on Thursday, June 22nd. Brean Capital reaffirmed a “buy” rating and issued a $59.00 price target on shares of Bank of the Ozarks in a research note on Friday, July 14th. Finally, Keefe, Bruyette & Woods set a $56.00 price target on shares of Bank of the Ozarks and gave the stock a “buy” rating in a research note on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. Bank of the Ozarks currently has an average rating of “Hold” and a consensus target price of $53.14.

TRADEMARK VIOLATION WARNING: “Neumeier Poma Investment Counsel LLC Reduces Stake in Bank of the Ozarks (OZRK)” was reported by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this report on another publication, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be viewed at https://www.truebluetribune.com/2017/09/17/neumeier-poma-investment-counsel-llc-reduces-stake-in-bank-of-the-ozarks-ozrk.html.

Bank of the Ozarks 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.

Want to see what other hedge funds are holding OZRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank of the Ozarks (NASDAQ:OZRK).

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

Receive News & Ratings for Bank of the Ozarks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of the Ozarks and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply