Bank of the Ozarks Rating Reiterated by Raymond James (OZRK)
Bank of the Ozarks (NASDAQ:OZRK)‘s stock had its “strong-buy” rating reiterated by investment analysts at Raymond James in a note issued to investors on Wednesday. They currently have a $38.00 price objective on the stock, down from their previous price objective of $67.00. Raymond James’ price objective would suggest a potential upside of 14.32% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “hold” rating on shares of Bank of the Ozarks in a research note on Wednesday. They now have a $32.00 price target on the stock, up previously from $30.00. Separately, analysts at Wunderlich raised their price target on shares of Bank of the Ozarks from $30.00 to $32.00 in a research note on Wednesday. They now have a “hold” rating on the stock. Finally, 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 $36.90 price target on the stock. Five research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $31.23.
Shares of Bank of the Ozarks (NASDAQ:OZRK) traded down 1.88% during mid-day trading on Wednesday, hitting $32.95. 394,985 shares of the company’s stock traded hands. Bank of the Ozarks has a 1-year low of $22.525 and a 1-year high of $35.245. The stock’s 50-day moving average is $32.21 and its 200-day moving average is $31.19. The company has a market cap of $2.435 billion and a P/E ratio of 26.55.
Bank of the Ozarks (NASDAQ:OZRK) last announced its earnings results on Monday, July 14th. The company reported $0.34 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.33 by $0.01. During the same quarter last year, the company posted $0.29 earnings per share. On average, analysts predict that Bank of the Ozarks will post $1.43 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, July 18th. Investors of record on Friday, July 11th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Wednesday, July 9th. This is an increase from Bank of the Ozarks’s previous quarterly dividend of $0.12.
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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