Bank Of The Ozarks Inc (OZRK) Given a $63.00 Price Target at Brean Capital
Bank Of The Ozarks Inc (NASDAQ:OZRK) has been given a $63.00 price target by Brean Capital in a research note issued on Thursday. The firm presently has a “buy” rating on the financial services provider’s stock. Brean Capital’s price target suggests a potential upside of 35.72% from the stock’s current price.
A number of other research analysts also recently weighed in on OZRK. Keefe, Bruyette & Woods set a $56.00 target price on shares of Bank Of The Ozarks and gave the company a “buy” rating in a research report on Monday, April 3rd. Zacks Investment Research downgraded shares of Bank Of The Ozarks from a “buy” rating to a “hold” rating in a research report on Thursday, April 13th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $53.00.
Shares of Bank Of The Ozarks (NASDAQ:OZRK) traded up 1.31% on Thursday, reaching $47.03. 1,436,304 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $48.65 and a 200-day moving average price of $50.51. The company has a market cap of $5.72 billion, a PE ratio of 17.21 and a beta of 1.51. Bank Of The Ozarks has a 12-month low of $33.51 and a 12-month high of $56.86.
Bank Of The Ozarks (NASDAQ:OZRK) last released its earnings results on Tuesday, April 11th. The financial services provider reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.01. Bank Of The Ozarks had a net margin of 35.19% and a return on equity of 12.55%. The firm had revenue of $219.83 million during the quarter, compared to the consensus estimate of $225.45 million. During the same period in the prior year, the firm earned $0.57 EPS. Equities research analysts anticipate that Bank Of The Ozarks will post $3.06 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, April 21st. Shareholders of record on Friday, April 14th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 1.51%. This is an increase from Bank Of The Ozarks’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Tuesday, April 11th. Bank Of The Ozarks’s dividend payout ratio (DPR) is presently 26.67%.
In other Bank Of The Ozarks news, Director Peter C. Kenny sold 1,034 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $46.00, for a total value of $47,564.00. Following the completion of the transaction, the director now directly owns 8,600 shares of the company’s stock, valued at approximately $395,600. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Paula H. Cholmondeley purchased 1,214 shares of the business’s stock in a transaction on Thursday, April 20th. The stock was purchased at an average cost of $49.36 per share, with a total value of $59,923.04. Following the completion of the acquisition, the director now owns 6,227 shares in the company, valued at $307,364.72. The disclosure for this purchase can be found here. Over the last three months, insiders sold 22,760 shares of company stock valued at $1,078,619. Insiders own 8.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Glen Harbor Capital Management LLC increased its position in shares of Bank Of The Ozarks by 9.3% in the first quarter. Glen Harbor Capital Management LLC now owns 2,624 shares of the financial services provider’s stock valued at $137,000 after buying an additional 224 shares during the last quarter. Tyers Asset Management LLC bought a new stake in Bank Of The Ozarks during the fourth quarter valued at $174,000. EFG Asset Management Americas Corp. bought a new stake in Bank Of The Ozarks during the first quarter valued at $206,000. Brinker Capital Inc. bought a new stake in Bank Of The Ozarks during the third quarter valued at $219,000. Finally, Flinton Capital Management LLC bought a new stake in Bank Of The Ozarks during the fourth quarter valued at $221,000. 91.19% of the stock is owned by hedge funds and other institutional investors.
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 provides a range of retail and commercial banking services. Its deposit services include checking, savings, money market, time deposit and individual retirement accounts.
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.