Bank of the Ozarks Inc. Reaches New 12-Month High at $49.16 (OZRK)
Bank of the Ozarks (NASDAQ:OZRK)’s share price reached a new 52-week high during trading hours on Monday, Stock Ratings Network.com reports. The company traded as high as $49.16 and last traded at $48.96, with a volume of 145,156 shares traded. The stock had previously closed at $47.33.
Several analysts have recently commented on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Bank of the Ozarks from $45.00 to $48.00 in a research note to investors on Monday. They now have a “market perform” rating on the stock. Analysts at SunTrust downgraded shares of Bank of the Ozarks 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. Five research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average price target of $46.00.
Bank of the Ozarks has a 52-week low of $30.76 and a 52-week high of $48.94. The stock has a 50-day moving average of $47.09 and a 200-day moving average of $44.92. The company has a market cap of $1.796 billion and a P/E ratio of 20.61.
Bank of the Ozarks (NASDAQ:OZRK) last announced its earnings results on Thursday, October 10th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. 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 $2.37 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 18th. Shareholders of record on Friday, October 11th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Wednesday, October 9th. This is a positive change from Bank of the Ozarks’s previous quarterly dividend of $0.19.
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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