Bank of the Ozarks Rating Lowered to Neutral at Zacks (OZRK)
Bank of the Ozarks (NASDAQ:OZRK) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Thursday, StockRatingsNetwork reports. They currently have a $73.80 target price on the stock. Zacks‘s price objective indicates a potential upside of 19.21% from the company’s current price.
Shares of Bank of the Ozarks (NASDAQ:OZRK) traded up 1.28% on Thursday, hitting $62.70. 130,369 shares of the company’s stock traded hands. Bank of the Ozarks has a 52 week low of $39.45 and a 52 week high of $70.49. The stock’s 50-day moving average is $66.13 and its 200-day moving average is $57.54. The company has a market cap of $2.313 billion and a price-to-earnings ratio of 25.69.
Bank of the Ozarks (NASDAQ:OZRK) last posted its quarterly earnings results on Monday, April 14th. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.64 by $0.04. During the same quarter in the prior year, the company posted $0.56 earnings per share. Analysts expect that Bank of the Ozarks will post $2.81 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, April 18th. Shareholders of record on Friday, April 11th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Wednesday, April 9th. This is a positive change from Bank of the Ozarks’s previous quarterly dividend of $0.22.
Separately, 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. Five analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average target price of $56.16.
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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