Insider Selling: George Gleason II Sells 5,300 Shares of Bank of the Ozarks Stock (OZRK)
Bank of the Ozarks (NASDAQ:OZRK) CEO George Gleason II sold 5,300 shares of the company’s stock on the open market in a transaction dated Thursday, September 12th. The stock was sold at an average price of $47.48, for a total transaction of $251,644.00. Following the transaction, the chief executive officer now directly owns 840,813 shares in the company. The sale was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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 analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus target price of $45.50.
Bank of the Ozarks (NASDAQ:OZRK) traded down 1.27% during mid-day trading on Friday, hitting $46.728. 115,530 shares of the company’s stock traded hands. Bank of the Ozarks has a one year low of $30.76 and a one year high of $48.78. The stock’s 50-day moving average is $47.32 and its 200-day moving average is $43.99. The company has a market cap of $1.656 billion and a price-to-earnings ratio of 20.76.
Bank of the Ozarks (NASDAQ:OZRK) last released its earnings data on Thursday, July 11th. The company reported $0.57 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.57. During the same quarter in the prior year, the company posted $0.55 earnings per share.
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).
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