Bank of the Ozarks Inc. Reaches New 12-Month High at $59.88 (OZRK)
Bank of the Ozarks (NASDAQ:OZRK) set a new 52-week high on Tuesday, AnalystRatings.NET reports. The company traded as high as $59.88 and last traded at $59.45, with a volume of 230,839 shares. The stock had previously closed at $57.75.
Separately, analysts at Wunderlich raised their price target on shares of Bank of the Ozarks from $48.00 to $55.00 in a research note to investors on Wednesday, December 4th. They now have a “hold” rating on the stock. Four 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 $50.50.
Bank of the Ozarks has a 52-week low of $35.46 and a 52-week high of $59.88. The stock has a 50-day moving average of $56.11 and a 200-day moving average of $50.26. The company has a market cap of $2.182 billion and a price-to-earnings ratio of 24.79.
Bank of the Ozarks (NASDAQ:OZRK) last released its earnings data on Thursday, January 16th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.01. The company had revenue of $73.87 million for the quarter, compared to the consensus estimate of $72.40 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. On average, analysts predict that Bank of the Ozarks will post $2.72 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, January 24th. Investors of record on Friday, January 17th will be given a dividend of 0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Wednesday, January 15th. This is an increase from Bank of the Ozarks’s previous quarterly dividend of $0.21.
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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