Bank of the Ozarks (OZRK) Downgraded to “Sell” at BidaskClub
Bank of the Ozarks (NASDAQ:OZRK) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Saturday.
Other research analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods set a $56.00 price objective on shares of Bank of the Ozarks and gave the stock a “buy” rating in a research report on Monday, April 3rd. Brean Capital set a $63.00 price objective on shares of Bank of the Ozarks and gave the stock a “buy” rating in a research report on Wednesday, April 12th. Zacks Investment Research cut shares of Bank of the Ozarks from a “buy” rating to a “hold” rating in a research report on Thursday, April 13th. Finally, Stephens restated a “buy” rating on shares of Bank of the Ozarks in a research report on Wednesday, May 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. Bank of the Ozarks currently has an average rating of “Buy” and a consensus price target of $53.88.
Shares of Bank of the Ozarks (OZRK) traded down 1.73% during trading on Friday, reaching $45.44. The company had a trading volume of 10,134,092 shares. Bank of the Ozarks has a 12-month low of $33.51 and a 12-month high of $56.86. The company has a market cap of $5.52 billion, a P/E ratio of 16.63 and a beta of 1.53. The firm has a 50-day moving average of $47.01 and a 200-day moving average of $51.15.
Bank of the Ozarks (NASDAQ:OZRK) last posted its earnings results on Tuesday, April 11th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Bank of the Ozarks had a net margin of 35.50% and a return on equity of 12.33%. The company had revenue of $219.83 million during the quarter, compared to analysts’ expectations of $225.45 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. On average, equities research analysts anticipate that Bank of the Ozarks will post $3.00 EPS for the current year.
In other news, Director Paula H. Cholmondeley purchased 1,214 shares of the firm’s stock in a transaction dated Thursday, April 20th. The stock was bought at an average price of $49.36 per share, with a total value of $59,923.04. Following the acquisition, the director now directly owns 6,227 shares of the company’s stock, valued at $307,364.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dan Thomas sold 19,737 shares of the business’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $47.37, for a total transaction of $934,941.69. Following the completion of the transaction, the insider now directly owns 110,624 shares of the company’s stock, valued at approximately $5,240,258.88. The disclosure for this sale can be found here. Insiders sold a total of 22,760 shares of company stock valued at $1,078,619 in the last three months. 6.70% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. purchased a new position in shares of Bank of the Ozarks during the fourth quarter valued at about $9,561,000. Comerica Bank boosted its stake in Bank of the Ozarks by 6.1% in the fourth quarter. Comerica Bank now owns 67,916 shares of the financial services provider’s stock valued at $3,631,000 after buying an additional 3,899 shares in the last quarter. Federated Investors Inc. PA boosted its stake in Bank of the Ozarks by 26.3% in the fourth quarter. Federated Investors Inc. PA now owns 49,363 shares of the financial services provider’s stock valued at $2,596,000 after buying an additional 10,279 shares in the last quarter. Keybank National Association OH boosted its stake in Bank of the Ozarks by 1.5% in the fourth quarter. Keybank National Association OH now owns 8,328 shares of the financial services provider’s stock valued at $438,000 after buying an additional 127 shares in the last quarter. Finally, Royce & Associates LP bought a new stake in Bank of the Ozarks during the fourth quarter valued at approximately $2,945,000. 85.66% of the stock is owned by 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.
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