Bank of the Ozarks (NASDAQ:OZRK) has been assigned a consensus rating of “Buy” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $53.14.

Several equities analysts have recently weighed in on OZRK shares. BidaskClub downgraded Bank of the Ozarks from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $56.00 target price on shares of Bank of the Ozarks in a research report on Wednesday, May 3rd. Stephens restated a “buy” rating on shares of Bank of the Ozarks in a research report on Wednesday, May 24th. Brean Capital set a $63.00 target price on Bank of the Ozarks and gave the company a “buy” rating in a research report on Thursday, May 18th. Finally, Zacks Investment Research downgraded Bank of the Ozarks from a “buy” rating to a “hold” rating in a research report on Thursday, April 13th.

Bank of the Ozarks (NASDAQ:OZRK) opened at 47.67 on Friday. The company has a 50-day moving average price of $47.02 and a 200-day moving average price of $50.36. The stock has a market capitalization of $6.11 billion, a PE ratio of 16.76 and a beta of 1.54. Bank of the Ozarks has a 12-month low of $35.11 and a 12-month high of $56.86.

Bank of the Ozarks (NASDAQ:OZRK) last issued its quarterly earnings results on Wednesday, July 12th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.73. The company 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%. Bank of the Ozarks’s revenue for the quarter was up 64.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.60 earnings per share. Analysts expect that Bank of the Ozarks will post $2.97 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 21st. Stockholders of record on Friday, July 14th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Wednesday, July 12th. This is an increase from Bank of the Ozarks’s previous quarterly dividend of $0.18. Bank of the Ozarks’s dividend payout ratio (DPR) is 25.35%.

In related news, Director Walter J. Mullen III sold 505 shares of the stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $50.31, for a total value of $25,406.55. Following the completion of the sale, the director now owns 3,400 shares of the company’s stock, valued at $171,054. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Walter J. Mullen III sold 1,034 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $47.91, for a total value of $49,538.94. Following the completion of the sale, the director now directly owns 3,400 shares of the company’s stock, valued at approximately $162,894. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,310 shares of company stock worth $1,057,451. Company insiders own 6.70% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Exane Derivatives bought a new stake in Bank of the Ozarks during the second quarter valued at approximately $119,000. Glen Harbor Capital Management LLC boosted its stake in 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 in the last quarter. V Wealth Management LLC bought a new stake in Bank of the Ozarks during the second quarter valued at approximately $174,000. Tyers Asset Management LLC boosted its stake in Bank of the Ozarks by 9.3% in the first quarter. Tyers Asset Management LLC now owns 3,608 shares of the financial services provider’s stock valued at $188,000 after buying an additional 308 shares in the last quarter. Finally, EFG Asset Management Americas Corp. bought a new stake in Bank of the Ozarks during the first quarter valued at approximately $206,000. 85.34% of the stock is owned by hedge funds and other institutional investors.

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About Bank of the Ozarks

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.

Analyst Recommendations for Bank of the Ozarks (NASDAQ:OZRK)

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