Insider Buying: Bank of the Ozarks Director Purchases 10,025 Shares of Stock (OZRK)
Bank of the Ozarks (NASDAQ:OZRK) Director Richard L. Cisne bought 10,025 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were purchased at an average price of $58.34 per share, with a total value of $584,858.50. Following the completion of the acquisition, the director now directly owns 36,875 shares of the company’s stock, valued at approximately $2,151,288. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on OZRK. Analysts at Raymond James upgraded shares of Bank of the Ozarks from an “outperform” rating to a “strong-buy” rating in a research note on Friday, May 16th. They now have a $67.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Bank of the Ozarks from an “outperform” rating to a “neutral” rating in a research note on Thursday, April 17th. They now have a $73.80 price target on the stock. Finally, analysts at Zacks upgraded shares of Bank of the Ozarks from a “neutral” rating to an “outperform” rating in a research note on Wednesday, March 19th. They now have a $71.80 price target on the stock. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Bank of the Ozarks currently has a consensus rating of “Hold” and a consensus target price of $59.56.
Bank of the Ozarks (NASDAQ:OZRK) traded up 1.89% on Tuesday, hitting $60.2975. The stock had a trading volume of 133,400 shares. Bank of the Ozarks has a 1-year low of $42.36 and a 1-year high of $70.49. The stock’s 50-day moving average is $60.70 and its 200-day moving average is $59.49. The company has a market cap of $2.228 billion and a P/E ratio of 23.39.
Bank of the Ozarks (NASDAQ:OZRK) last issued its quarterly earnings data 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. On average, analysts predict that Bank of the Ozarks will post $2.84 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).
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.