Bank of the Ozarks (OZRK) Given Average Recommendation of “Hold” by Analysts
Shares of Bank of the Ozarks (NASDAQ:OZRK) have earned an average recommendation of “Hold” from the nine research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $50.80.
OZRK has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a report on Tuesday. ValuEngine downgraded shares of Bank of the Ozarks from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub raised shares of Bank of the Ozarks from a “strong sell” rating to a “sell” rating in a report on Friday, August 4th. Stephens set a $48.00 price target on shares of Bank of the Ozarks and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Finally, Brean Capital reiterated a “buy” rating on shares of Bank of the Ozarks in a research report on Wednesday, August 2nd.
Bank of the Ozarks (NASDAQ:OZRK) opened at 48.20 on Wednesday. The company has a market cap of $6.18 billion, a PE ratio of 16.95 and a beta of 1.54. Bank of the Ozarks has a 1-year low of $35.53 and a 1-year high of $56.86. The stock has a 50 day moving average of $43.69 and a 200-day moving average of $46.40.
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 Zacks’ consensus estimate of $0.73. Bank of the Ozarks had a return on equity of 11.75% and a net margin of 46.15%. The business had revenue of $237.30 million during the quarter, compared to the consensus estimate of $232.85 million. During the same quarter in the previous year, the firm earned $0.60 earnings per share. Bank of the Ozarks’s revenue for the quarter was up 64.8% compared to the same quarter last year. On average, equities research analysts predict that Bank of the Ozarks will post $2.97 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 13th will be given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 1.54%. This is a boost from Bank of the Ozarks’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, October 12th. Bank of the Ozarks’s dividend payout ratio is currently 25.35%.
Several hedge funds and other institutional investors have recently bought and sold shares of OZRK. Exane Derivatives bought a new position in shares of Bank of the Ozarks in the 2nd quarter valued at $119,000. V Wealth Management LLC acquired a new stake in shares of Bank of the Ozarks during the 2nd quarter valued at $174,000. BB&T Investment Services Inc. acquired a new stake in shares of Bank of the Ozarks during the 2nd quarter valued at $190,000. Opus Capital Group LLC bought a new stake in Bank of the Ozarks during the 2nd quarter worth $203,000. Finally, Cigna Investments Inc. New bought a new stake in Bank of the Ozarks during the 2nd quarter worth $221,000. 86.70% of the stock is currently owned by hedge funds and other institutional investors.
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.
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