Bank of the Ozarks Insider Sells $669,860 in Stock (OZRK)
Bank of the Ozarks (NASDAQ:OZRK) Insider Dan Thomas sold 10,924 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $61.32, for a total transaction of $669,859.68. Following the transaction, the insider now directly owns 28,000 shares of the company’s stock, valued at approximately $1,716,960. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Bank of the Ozarks (NASDAQ:OZRK) traded up 0.83% during mid-day trading on Wednesday, hitting $62.03. 158,615 shares of the company’s stock traded hands. Bank of the Ozarks has a 52 week low of $37.55 and a 52 week high of $64.75. The stock has a 50-day moving average of $58.62 and a 200-day moving average of $51.84. The company has a market cap of $2.286 billion and a price-to-earnings ratio of 25.53.
Bank of the Ozarks (NASDAQ:OZRK) last posted its quarterly earnings results on Thursday, January 16th. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.59 earnings per share. The company’s quarterly revenue was up 18.0% on a year-over-year basis. On average, analysts predict that Bank of the Ozarks will post $2.81 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on OZRK shares. Analysts at Wunderlich raised their price target on shares of Bank of the Ozarks from $55.00 to $60.00 in a research note on Monday, February 3rd. They now have a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average price target of $51.75.
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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