Bank of the Ozarks (NASDAQ:OZRK) has earned a consensus recommendation of “Buy” from the ten research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $50.14.

Several equities analysts recently issued reports on OZRK shares. Brean Capital reaffirmed a “buy” rating on shares of Bank of the Ozarks in a report on Wednesday, August 2nd. Stephens reaffirmed a “buy” rating on shares of Bank of the Ozarks in a report on Wednesday, May 24th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $56.00 price objective on shares of Bank of the Ozarks in a report on Wednesday, May 3rd. BidaskClub raised Bank of the Ozarks from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Finally, Morgan Stanley started coverage on Bank of the Ozarks in a report on Wednesday, August 2nd. They set an “overweight” rating and a $54.00 price objective for the company.

Shares of Bank of the Ozarks (NASDAQ:OZRK) opened at 42.31 on Tuesday. The stock has a market capitalization of $5.42 billion, a PE ratio of 14.88 and a beta of 1.52. Bank of the Ozarks has a 12 month low of $35.53 and a 12 month high of $56.86. The company’s 50 day moving average price is $45.85 and its 200 day moving average price is $49.29.

Bank of the Ozarks (NASDAQ:OZRK) last posted its quarterly earnings results on Wednesday, July 12th. The financial services provider reported $0.73 EPS for the quarter, meeting the consensus estimate of $0.73. The business had revenue of $237.30 million during the quarter, compared to analysts’ expectations of $232.85 million. Bank of the Ozarks had a return on equity of 11.75% and a net margin of 46.15%. The company’s quarterly revenue was up 64.8% compared to the same quarter last year. During the same period last year, the firm earned $0.60 EPS. Equities analysts anticipate that Bank of the Ozarks will post $2.97 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 14th were issued a dividend of $0.18 per share. The ex-dividend date was Wednesday, July 12th. This is a boost from Bank of the Ozarks’s previous quarterly dividend of $0.18. This represents a $0.72 annualized dividend and a yield of 1.70%. Bank of the Ozarks’s payout ratio is currently 25.35%.

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In other news, Director Peter C. Kenny sold 1,034 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was 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 $395,600. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 6.70% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Bellwether Investment Group LLC boosted its position in Bank of the Ozarks by 0.4% in the first quarter. Bellwether Investment Group LLC now owns 5,162 shares of the financial services provider’s stock worth $268,000 after buying an additional 22 shares during the period. Monroe Bank & Trust MI boosted its position in Bank of the Ozarks by 0.3% in the second quarter. Monroe Bank & Trust MI now owns 12,437 shares of the financial services provider’s stock worth $583,000 after buying an additional 32 shares during the period. Clifford Swan Investment Counsel LLC boosted its position in Bank of the Ozarks by 0.3% in the first quarter. Clifford Swan Investment Counsel LLC now owns 11,276 shares of the financial services provider’s stock worth $586,000 after buying an additional 34 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its position in Bank of the Ozarks by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 15,711 shares of the financial services provider’s stock worth $817,000 after buying an additional 52 shares during the period. Finally, BRYN MAWR TRUST Co boosted its position in Bank of the Ozarks by 1.0% in the second quarter. BRYN MAWR TRUST Co now owns 7,764 shares of the financial services provider’s stock worth $364,000 after buying an additional 75 shares during the period. 86.49% of the stock is owned by institutional investors.

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.

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

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