Bank of the Ozarks (NASDAQ:OZRK) – Research analysts at SunTrust Banks upped their Q4 2018 earnings per share (EPS) estimates for Bank of the Ozarks in a note issued to investors on Wednesday. SunTrust Banks analyst J. Demba now expects that the financial services provider will earn $0.98 per share for the quarter, up from their prior estimate of $0.97.

Bank of the Ozarks (NASDAQ:OZRK) last posted its quarterly earnings data on Wednesday, July 12th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.73. The firm had revenue of $237.30 million for the quarter, compared to the consensus estimate of $232.85 million. Bank of the Ozarks had a return on equity of 11.75% and a net margin of 46.15%. The business’s revenue for the quarter was up 64.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.60 EPS.

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A number of other equities analysts have also recently issued reports on the company. Brean Capital restated a “buy” rating and set a $59.00 target price on shares of Bank of the Ozarks in a report on Friday. Keefe, Bruyette & Woods set a $56.00 target price on Bank of the Ozarks and gave the stock a “buy” rating in a report on Thursday, July 6th. BidaskClub cut Bank of the Ozarks from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Stephens set a $64.00 target price on Bank of the Ozarks and gave the stock a “buy” rating in a report on Thursday, June 22nd. Finally, Zacks Investment Research cut Bank of the Ozarks from a “buy” rating to a “hold” rating in a report on Thursday, April 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $53.88.

Shares of Bank of the Ozarks (NASDAQ:OZRK) opened at 48.05 on Monday. Bank of the Ozarks has a 12-month low of $35.11 and a 12-month high of $56.86. The firm has a market cap of $6.16 billion, a P/E ratio of 16.90 and a beta of 1.54. The firm’s 50-day moving average price is $46.61 and its 200 day moving average price is $50.91.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 21st. Stockholders of record on Friday, July 14th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Wednesday, July 12th. This is a boost from Bank of the Ozarks’s previous quarterly dividend of $0.18. Bank of the Ozarks’s payout ratio is 25.35%.

In other news, Director Walter J. Mullen III sold 505 shares of Bank of the Ozarks stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $50.31, for a total transaction of $25,406.55. Following the transaction, the director now owns 3,400 shares in the company, valued at approximately $171,054. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dan Thomas sold 19,737 shares of Bank of the Ozarks stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $47.37, for a total value of $934,941.69. Following the transaction, the insider now owns 110,624 shares in the company, valued at approximately $5,240,258.88. The disclosure for this sale can be found here. Insiders have sold a total of 22,310 shares of company stock worth $1,057,451 in the last quarter. 6.70% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in OZRK. Oregon Public Employees Retirement Fund raised its stake in shares of Bank of the Ozarks by 39.7% in the second quarter. Oregon Public Employees Retirement Fund now owns 44,336 shares of the financial services provider’s stock worth $2,078,000 after buying an additional 12,597 shares in the last quarter. Horrell Capital Management Inc. raised its stake in shares of Bank of the Ozarks by 2.5% in the second quarter. Horrell Capital Management Inc. now owns 112,264 shares of the financial services provider’s stock worth $5,262,000 after buying an additional 2,724 shares in the last quarter. Randolph Co Inc raised its stake in shares of Bank of the Ozarks by 38.5% in the second quarter. Randolph Co Inc now owns 172,075 shares of the financial services provider’s stock worth $8,065,000 after buying an additional 47,800 shares in the last quarter. Forte Capital LLC ADV raised its stake in shares of Bank of the Ozarks by 1.7% in the second quarter. Forte Capital LLC ADV now owns 59,077 shares of the financial services provider’s stock worth $2,769,000 after buying an additional 1,001 shares in the last quarter. Finally, Handelsinvest Investeringsforvaltning purchased a new stake in shares of Bank of the Ozarks during the second quarter worth about $2,648,000. Institutional investors and hedge funds own 85.34% of the company’s stock.

Bank of the Ozarks Company Profile

Bank of the Ozarks, Inc is a state chartered bank that provides retail and commercial banking services. Its deposit services include checking, savings, money market, time deposit and individual retirement accounts. Its loan services include various types of real estate, consumer, commercial, industrial and agricultural loans and various leasing services.

Earnings History and Estimates for Bank of the Ozarks (NASDAQ:OZRK)

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