Bank of the Ozarks’ (OZRK) Hold Rating Reiterated at SunTrust Banks, Inc.
Bank of the Ozarks (NASDAQ:OZRK)‘s stock had its “hold” rating restated by SunTrust Banks, Inc. in a research report issued to clients and investors on Thursday. They currently have a $50.00 price objective on the financial services provider’s stock. SunTrust Banks, Inc.’s price target suggests a potential upside of 9.41% from the company’s current price.
A number of other equities research analysts have also weighed in on the company. Raymond James Financial, Inc. decreased their target price on Bank of the Ozarks from $59.00 to $57.00 and set an “outperform” rating for the company in a research report on Thursday. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $55.00 target price on shares of Bank of the Ozarks in a research report on Thursday, October 5th. Zacks Investment Research raised Bank of the Ozarks from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. ValuEngine lowered Bank of the Ozarks from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, BidaskClub raised Bank of the Ozarks from a “strong sell” rating to a “sell” rating in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $52.78.
Bank of the Ozarks (OZRK) traded down 1.07% during trading on Thursday, reaching $45.70. The company’s stock had a trading volume of 1,227,294 shares. The company has a market capitalization of $5.86 billion, a P/E ratio of 16.02 and a beta of 1.54. The firm’s 50-day moving average price is $44.71 and its 200 day moving average price is $46.32. Bank of the Ozarks has a 12-month low of $35.53 and a 12-month high of $56.86.
Bank of the Ozarks (NASDAQ:OZRK) last issued its earnings results on Wednesday, October 11th. The financial services provider reported $0.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.01. The business had revenue of $242.47 million during the quarter, compared to analyst estimates of $243.67 million. Bank of the Ozarks had a return on equity of 11.75% and a net margin of 46.15%. During the same period in the previous year, the company posted $0.66 EPS. On average, analysts predict that Bank of the Ozarks will post $2.96 earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in OZRK. Exane Derivatives acquired a new position in Bank of the Ozarks during the 2nd quarter valued at about $119,000. V Wealth Management LLC acquired a new position in Bank of the Ozarks during the 2nd quarter valued at about $174,000. BB&T Investment Services Inc. acquired a new position in Bank of the Ozarks during the 2nd quarter valued at about $190,000. Opus Capital Group LLC acquired a new position in Bank of the Ozarks during the 2nd quarter valued at about $203,000. Finally, Cigna Investments Inc. New acquired a new position in Bank of the Ozarks during the 2nd quarter valued at about $221,000. 86.64% 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.
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