Bank of the Ozarks Price Target Raised to $48.00 at Keefe, Bruyette & Woods (OZRK)
Research analysts at Keefe, Bruyette & Woods boosted their target price on shares of Bank of the Ozarks (NASDAQ:OZRK) from $45.00 to $48.00 in a report released on Monday, American Banking News reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target would suggest a potential downside of 1.90% from the stock’s previous close.
Shares of Bank of the Ozarks (NASDAQ:OZRK) traded up 3.38% on Monday, hitting $48.93. The stock had a trading volume of 243,320 shares. Bank of the Ozarks has a 52 week low of $30.76 and a 52 week high of $48.94. The stock’s 50-day moving average is $47.09 and its 200-day moving average is $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 posted its quarterly 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 announced a quarterly dividend, which is scheduled for Friday, October 18th. Shareholders of record on Friday, October 11th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Wednesday, October 9th. This is a positive change from Bank of the Ozarks’s previous quarterly dividend of $0.19.
Separately, 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, Bank of the Ozarks presently has a consensus rating of “Hold” and an average price target of $46.00.
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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