Bank of the Ozarks Insider Unloads $411,600 in Stock (OZRK)
Bank of the Ozarks (NASDAQ:OZRK) Insider R Darrel Russell unloaded 8,400 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $49.00, for a total transaction of $411,600.00. Following the sale, the insider now directly owns 10,400 shares of the company’s stock, valued at approximately $509,600. The transaction was disclosed in a filing with the SEC, which is available at this link.
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, Bank of the Ozarks currently has a consensus rating of “Hold” and an average price target of $46.00.
Bank of the Ozarks (NASDAQ:OZRK) traded up 0.60% on Wednesday, hitting $48.80. 169,022 shares of the company’s stock traded hands. Bank of the Ozarks has a 52-week low of $30.76 and a 52-week high of $49.35. The stock’s 50-day moving average is $47.17 and its 200-day moving average is $45.02. The company has a market cap of $1.791 billion and a price-to-earnings ratio of 21.13.
Bank of the Ozarks (NASDAQ:OZRK) last announced its earnings results on Thursday, October 10th. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.60 by $0.01. During the same quarter in the prior year, the company posted $0.55 earnings per share. On average, analysts predict that Bank of the Ozarks will post $2.39 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 18th. Investors 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 an increase 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).
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.