Bank Of The Ozarks Inc (OZRK) Rating Reiterated by Stephens
Bank Of The Ozarks Inc (NASDAQ:OZRK)‘s stock had its “buy” rating reaffirmed by Stephens in a research note issued on Wednesday.
A number of other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Bank Of The Ozarks from a “buy” rating to a “hold” rating in a research note on Thursday, April 13th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $56.00 target price on shares of Bank Of The Ozarks in a research note on Wednesday, May 3rd. Finally, Brean Capital set a $63.00 target price on shares of Bank Of The Ozarks and gave the company a “buy” rating in a research note on Wednesday, April 12th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $53.00.
Bank Of The Ozarks (NASDAQ:OZRK) traded down 1.79% during trading on Wednesday, hitting $46.19. 13,714,106 shares of the company’s stock traded hands. The stock has a market cap of $5.62 billion, a P/E ratio of 16.90 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. The firm’s 50-day moving average price is $48.17 and its 200 day moving average price is $50.94.
Bank Of The Ozarks (NASDAQ:OZRK) last issued its earnings results on Tuesday, April 11th. The financial services provider reported $0.73 EPS 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 business had revenue of $219.83 million for the quarter, compared to the consensus estimate of $225.45 million. During the same quarter last year, the firm posted $0.57 EPS. Analysts anticipate that Bank Of The Ozarks will post $3.06 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: This story was published by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was copied illegally and reposted in violation of US and international copyright and trademark law. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/05/25/bank-of-the-ozarks-inc-ozrk-rating-reiterated-by-stephens.html.
In other news, Director Paula H. Cholmondeley purchased 1,214 shares of the company’s stock in a transaction that occurred on Thursday, April 20th. The shares were purchased at an average price of $49.36 per share, with a total value of $59,923.04. Following the purchase, the director now directly owns 6,227 shares of the company’s stock, valued at approximately $307,364.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Walter J. Mullen III sold 505 shares of Bank Of The Ozarks stock in a transaction on Monday, April 24th. The stock was sold at an average price of $50.31, for a total transaction of $25,406.55. Following the sale, the director now directly owns 3,400 shares in the company, valued at approximately $171,054. The disclosure for this sale can be found here. Insiders have sold a total of 22,760 shares of company stock worth $1,078,619 in the last ninety days. 8.70% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in Bank Of The Ozarks during the third quarter valued at about $636,000. Usca Ria LLC increased its stake in Bank Of The Ozarks by 51.8% in the third quarter. Usca Ria LLC now owns 48,682 shares of the financial services provider’s stock valued at $1,869,000 after buying an additional 16,608 shares during the period. Panagora Asset Management Inc. increased its stake in Bank Of The Ozarks by 492.4% in the third quarter. Panagora Asset Management Inc. now owns 211,226 shares of the financial services provider’s stock valued at $8,111,000 after buying an additional 175,571 shares during the period. UBS Group AG increased its stake in Bank Of The Ozarks by 121.7% in the third quarter. UBS Group AG now owns 212,749 shares of the financial services provider’s stock valued at $8,170,000 after buying an additional 116,804 shares during the period. Finally, CSS LLC IL increased its stake in Bank Of The Ozarks by 808.2% in the third quarter. CSS LLC IL now owns 58,124 shares of the financial services provider’s stock valued at $2,232,000 after buying an additional 51,724 shares during the period. 91.19% of the stock is currently 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 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.