Bank of the Ozarks (NASDAQ:OZRK) had its price target cut by research analysts at Raymond James Financial, Inc. from $59.00 to $57.00 in a note issued to investors on Thursday. The firm currently has an “outperform” rating on the financial services provider’s stock. Raymond James Financial, Inc.’s price objective suggests a potential upside of 24.73% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Stephens set a $48.00 price target on shares of Bank of the Ozarks and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Brean Capital reiterated a “buy” rating and set a $59.00 price target on shares of Bank of the Ozarks in a research note on Friday, July 14th. Keefe, Bruyette & Woods set a $56.00 price target on shares of Bank of the Ozarks and gave the stock a “buy” rating in a research note on Thursday, July 6th. BidaskClub cut shares of Bank of the Ozarks from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Finally, ValuEngine cut shares of Bank of the Ozarks from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. Bank of the Ozarks has an average rating of “Hold” and a consensus price target of $52.78.

Shares of Bank of the Ozarks (NASDAQ:OZRK) traded down 1.07% during midday trading on Thursday, reaching $45.70. 1,227,294 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $44.82 and a 200-day moving average of $46.32. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 16.02 and a beta of 1.54. Bank of the Ozarks has a one year low of $35.53 and a one year high of $56.86.

Bank of the Ozarks (NASDAQ:OZRK) last issued its quarterly earnings results on Wednesday, October 11th. The financial services provider reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.01. The business had revenue of $242.47 million for the quarter, compared to analysts’ expectations of $243.67 million. Bank of the Ozarks had a net margin of 46.15% and a return on equity of 11.75%. During the same quarter last year, the company posted $0.66 EPS. On average, equities research analysts anticipate that Bank of the Ozarks will post $2.96 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Raymond James Financial, Inc. Cuts Bank of the Ozarks (OZRK) Price Target to $57.00” was originally posted by American Banking News and is the property of of American Banking News. If you are reading this story on another domain, it was illegally copied and republished in violation of international copyright and trademark laws. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/10/12/raymond-james-financial-inc-cuts-bank-of-the-ozarks-ozrk-price-target-to-57-00.html.

Hedge funds have recently made changes to their positions in the company. Exane Derivatives bought a new stake in shares of Bank of the Ozarks during the 2nd quarter valued at $119,000. V Wealth Management LLC bought a new stake in shares of Bank of the Ozarks during the 2nd quarter valued at $174,000. BB&T Investment Services Inc. bought 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 shares of Bank of the Ozarks during the 2nd quarter valued at $203,000. Finally, Cigna Investments Inc. New bought a new stake in shares of Bank of the Ozarks during the 2nd quarter valued at $221,000. Hedge funds and other institutional investors own 86.64% of the company’s stock.

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)

Receive News & Ratings for Bank of the Ozarks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of the Ozarks and related companies with MarketBeat.com's FREE daily email newsletter.