Shares of Bank of the Ozarks Inc. (NASDAQ:OZRK) were down 2.3% during mid-day trading on Wednesday . The company traded as low as $37.44 and last traded at $37.47, with a volume of 897,223 shares trading hands. The stock had previously closed at $38.35.

A number of analysts recently issued reports on OZRK shares. Wells Fargo & Co. started coverage on Bank of the Ozarks in a report on Thursday, June 23rd. They issued a “market perform” rating for the company. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $46.00 price target (down previously from $48.00) on shares of Bank of the Ozarks in a report on Friday, June 24th. Zacks Investment Research lowered Bank of the Ozarks from a “hold” rating to a “sell” rating in a report on Tuesday, June 21st. Rafferty Capital Markets initiated coverage on Bank of the Ozarks in a report on Friday, September 16th. They issued a “buy” rating and a $46.00 price target for the company. Finally, Raymond James Financial Inc. raised shares of Bank of the Ozarks from a “market perform” rating to an “outperform” rating and set a $51.00 price objective for the company in a research note on Thursday, August 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $47.20.

The firm has a market cap of $4.55 billion, a price-to-earnings ratio of 16.56 and a beta of 1.31. The stock has a 50-day moving average price of $38.15 and a 200 day moving average price of $39.14.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/bank-of-the-ozarks-inc-ozrk-shares-down-2-3.html

Bank of the Ozarks (NASDAQ:OZRK) last announced its quarterly earnings results on Monday, July 11th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.01. Bank of the Ozarks had a net margin of 35.99% and a return on equity of 13.95%. During the same quarter in the prior year, the company posted $0.51 earnings per share. On average, analysts anticipate that Bank of the Ozarks Inc. will post $2.44 EPS for the current year.

In related news, Director Walter J. Mullen III acquired 1,130 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The stock was purchased at an average price of $35.28 per share, with a total value of $39,866.40. Following the transaction, the director now owns 2,650 shares of the company’s stock, valued at approximately $93,492. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Walter J. Mullen III acquired 1,120 shares of the stock in a transaction that occurred on Wednesday, August 10th. The shares were bought at an average cost of $37.14 per share, with a total value of $41,596.80. Following the transaction, the director now directly owns 3,775 shares in the company, valued at approximately $140,203.50. The disclosure for this purchase can be found here. Insiders own 8.70% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Eqis Capital Management Inc. boosted its position in Bank of the Ozarks by 1.0% in the second quarter. Eqis Capital Management Inc. now owns 11,573 shares of the financial services provider’s stock worth $434,000 after buying an additional 119 shares during the last quarter. State Treasurer State of Michigan boosted its position in Bank of the Ozarks by 0.6% in the second quarter. State Treasurer State of Michigan now owns 32,800 shares of the financial services provider’s stock worth $1,231,000 after buying an additional 200 shares during the last quarter. Insight Capital Research & Management Inc. boosted its position in Bank of the Ozarks by 0.4% in the first quarter. Insight Capital Research & Management Inc. now owns 65,230 shares of the financial services provider’s stock worth $2,738,000 after buying an additional 239 shares during the last quarter. Nuveen Asset Management LLC boosted its position in Bank of the Ozarks by 0.7% in the second quarter. Nuveen Asset Management LLC now owns 38,532 shares of the financial services provider’s stock worth $1,446,000 after buying an additional 281 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. boosted its position in Bank of the Ozarks by 10.0% in the second quarter. NN Investment Partners Holdings N.V. now owns 3,300 shares of the financial services provider’s stock worth $124,000 after buying an additional 300 shares during the last quarter. 71.41% of the stock is owned by hedge funds and other institutional investors.

Bank of the Ozarks Company Profile

Bank of the Ozarks, Inc is a bank holding company. The Company owns an Arkansas state chartered subsidiary bank, Bank of the Ozarks (the Bank). The Company, through the Bank, conducts operations through approximately 257 offices, including over 80 offices in Arkansas, approximately 30 in Georgia, over 20 in North Carolina, over 20 in Texas, approximately 44 in Florida, over three in Alabama, approximately two each in South Carolina and New York, and one in California.

5 Day Chart for NASDAQ:OZRK

Receive News & Ratings for Bank of the Ozarks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of the Ozarks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.