Bank of the Ozarks CEO Sells $4,400,760 in Stock (OZRK)
Bank of the Ozarks (NASDAQ:OZRK) CEO George Gleason II sold 93,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $47.32, for a total value of $4,400,760.00. Following the completion of the transaction, the chief executive officer now directly owns 846,113 shares in the company. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on OZRK shares. Analysts at SunTrust downgraded shares of Bank of the Ozarks (NASDAQ:OZRK) from a “buy” rating to a “neutral” rating in a research note to investors on Friday, September 6th. They now have a $49.00 price target on the stock, up previously from $46.00. Separately, analysts at Raymond James raised their price target on shares of Bank of the Ozarks (NASDAQ:OZRK) from $48.00 to $50.00 in a research note to investors on Monday, July 15th. Finally, analysts at Raymond James reiterated a “buy” rating on shares of Bank of the Ozarks (NASDAQ:OZRK) in a research note to investors on Friday, July 12th. They now have a $48.00 price target on the stock.
Five research analysts have rated the stock with a hold rating, Bank of the Ozarks has an average rating of “Hold” and an average price target of $45.50.
Shares of Bank of the Ozarks (NASDAQ:OZRK) traded up 0.93% during mid-day trading on Wednesday, hitting $47.62. The stock had a trading volume of 145,255 shares. Bank of the Ozarks has a 52 week low of $30.76 and a 52 week high of $48.78. The stock’s 50-day moving average is $47.34 and its 200-day moving average is $43.97. The company has a market cap of $1.688 billion and a price-to-earnings ratio of 20.69.
Bank of the Ozarks (NASDAQ:OZRK) last posted its quarterly earnings results on Thursday, July 11th. The company reported $0.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.57. During the same quarter in the previous year, the company posted $0.55 earnings per share. Analysts expect that Bank of the Ozarks will post $2.36 EPS for the current fiscal year.
Bank of the Ozarks, Inc is a bank holding company. The Company owns an Arkansas state chartered subsidiary bank, Bank of the Ozarks (NASDAQ:OZRK).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.