Bank of the Ozarks (NASDAQ:OZRK)‘s stock had its “overweight” rating restated by Piper Jaffray Companies in a report released on Thursday, Marketbeat reports. They presently have a $55.00 price objective on the financial services provider’s stock. Piper Jaffray Companies’ price target would suggest a potential upside of 13.59% from the stock’s current price.

Several other analysts have also commented on OZRK. BidaskClub raised shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Stephens set a $64.00 price target on shares of Bank of the Ozarks and gave the company a “buy” rating in a research report on Thursday, June 22nd. Keefe, Bruyette & Woods set a $56.00 price target on shares of Bank of the Ozarks and gave the company a “buy” rating in a research report on Thursday, July 6th. Brean Capital reaffirmed a “buy” rating and set a $59.00 price target on shares of Bank of the Ozarks in a research report on Friday, July 14th. Finally, Morgan Stanley initiated coverage on shares of Bank of the Ozarks in a research report on Wednesday, August 2nd. They set an “overweight” rating and a $54.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Bank of the Ozarks presently has an average rating of “Hold” and a consensus price target of $52.57.

Bank of the Ozarks (NASDAQ:OZRK) traded up 1.62% on Thursday, hitting $48.42. The stock had a trading volume of 662,638 shares. The stock has a market cap of $6.21 billion, a PE ratio of 17.03 and a beta of 1.54. Bank of the Ozarks has a 12 month low of $35.53 and a 12 month high of $56.86. The firm’s 50 day moving average price is $43.84 and its 200-day moving average price is $46.41.

Bank of the Ozarks (NASDAQ:OZRK) last released its quarterly earnings results on Wednesday, July 12th. The financial services provider reported $0.73 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.73. The firm had revenue of $237.30 million for the quarter, compared to analyst estimates of $232.85 million. Bank of the Ozarks had a net margin of 46.15% and a return on equity of 11.75%. 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. On average, analysts forecast that Bank of the Ozarks will post $2.97 EPS for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Tandem Investment Advisors Inc. raised its position in Bank of the Ozarks by 7.7% in the second quarter. Tandem Investment Advisors Inc. now owns 81,180 shares of the financial services provider’s stock valued at $3,805,000 after purchasing an additional 5,837 shares during the period. Colony Group LLC purchased a new stake in Bank of the Ozarks in the second quarter valued at approximately $1,940,000. Verition Fund Management LLC purchased a new stake in Bank of the Ozarks in the second quarter valued at approximately $242,000. Grandeur Peak Global Advisors LLC raised its position in Bank of the Ozarks by 20.3% in the second quarter. Grandeur Peak Global Advisors LLC now owns 128,700 shares of the financial services provider’s stock valued at $6,032,000 after purchasing an additional 21,675 shares during the period. Finally, Sterling Capital Management LLC raised its position in Bank of the Ozarks by 6.7% in the second quarter. Sterling Capital Management LLC now owns 36,245 shares of the financial services provider’s stock valued at $1,699,000 after purchasing an additional 2,277 shares during the period. 86.70% of the stock is currently owned by 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.

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

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