Walter J. Mullen III Acquires 525 Shares of Bank of the Ozarks Inc. (OZRK) Stock
Bank of the Ozarks Inc. (NASDAQ:OZRK) Director Walter J. Mullen III purchased 525 shares of the business’s stock in a transaction on Friday, October 14th. The shares were acquired at an average price of $38.09 per share, for a total transaction of $19,997.25. Following the completion of the acquisition, the director now directly owns 4,735 shares in the company, valued at approximately $180,356.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Bank of the Ozarks Inc. (NASDAQ:OZRK) traded up 1.27% during midday trading on Tuesday, reaching $37.57. The company had a trading volume of 119,166 shares. The company has a 50-day moving average of $38.77 and a 200-day moving average of $38.69. Bank of the Ozarks Inc. has a 12-month low of $33.51 and a 12-month high of $54.96. The stock has a market capitalization of $4.55 billion, a PE ratio of 16.56 and a beta of 1.32.
Bank of the Ozarks (NASDAQ:OZRK) last posted its quarterly earnings data on Tuesday, October 11th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.06. Bank of the Ozarks had a return on equity of 12.84% and a net margin of 49.74%. During the same period in the previous year, the business posted $0.54 EPS. On average, analysts predict that Bank of the Ozarks Inc. will post $2.44 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, October 14th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.78%. This is a boost from Bank of the Ozarks’s previous quarterly dividend of $0.16. The ex-dividend date is Wednesday, October 12th. Bank of the Ozarks’s payout ratio is presently 27.50%.
A number of equities analysts have issued reports on the company. Wells Fargo & Co. set a $42.00 price target on Bank of the Ozarks and gave the stock a “hold” rating in a report on Wednesday, October 12th. Zacks Investment Research upgraded Bank of the Ozarks from a “sell” rating to a “hold” rating in a report on Friday, October 7th. Rafferty Capital Markets assumed coverage on Bank of the Ozarks in a report on Friday, September 16th. They set a “buy” rating and a $46.00 price target on the stock. Raymond James Financial Inc. upgraded Bank of the Ozarks from a “market perform” rating to an “outperform” rating and set a $51.00 price target on the stock in a report on Thursday, August 25th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $46.00 price target on shares of Bank of the Ozarks in a report on Tuesday, July 12th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $46.33.
A number of large investors have recently bought and sold shares of OZRK. Eagle Asset Management Inc. bought a new position in shares of Bank of the Ozarks during the third quarter valued at $81,293,000. Fiera Capital Corp bought a new position in shares of Bank of the Ozarks during the second quarter valued at $36,995,000. Hermes Investment Management Ltd. bought a new position in shares of Bank of the Ozarks during the second quarter valued at $28,767,000. Loomis Sayles & Co. L P boosted its position in shares of Bank of the Ozarks by 168.4% in the second quarter. Loomis Sayles & Co. L P now owns 1,216,388 shares of the financial services provider’s stock valued at $45,639,000 after buying an additional 763,199 shares in the last quarter. Finally, Edge Asset Management Inc. bought a new position in shares of Bank of the Ozarks during the second quarter valued at $23,999,000. Institutional investors own 71.37% of the company’s stock.
About Bank of the Ozarks
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.
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