Insider Selling: Bank of the Ozarks Insider Sells 1,400 Shares of Stock (OZRK)
Bank of the Ozarks (NASDAQ:OZRK) Insider Jay Scott Hastings sold 1,400 shares of Bank of the Ozarks stock on the open market in a transaction dated Monday, October 21st. The stock was sold at an average price of $48.83, for a total transaction of $68,362.00. Following the sale, the insider now directly owns 7,882 shares of the company’s stock, valued at approximately $384,878. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on OZRK. 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, October 14th. 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 equities research analysts have rated the stock with a hold rating, Bank of the Ozarks currently has an average rating of “Hold” and a consensus target price of $46.00.
Shares of Bank of the Ozarks (NASDAQ:OZRK) traded up 0.43% on Wednesday, hitting $49.26. The stock had a trading volume of 110,834 shares. Bank of the Ozarks has a 1-year low of $30.76 and a 1-year high of $48.78. The stock’s 50-day moving average is $47.30 and its 200-day moving average is $44.06. The company has a market cap of $1.808 billion and a price-to-earnings ratio of 21.05.
Bank of the Ozarks (NASDAQ:OZRK) last issued its quarterly earnings data on Thursday, October 10th. The company reported $0.61 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.60 by $0.01. During the same quarter last 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.
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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