Bank of the Ozarks (NASDAQ:OZRK) – Investment analysts at SunTrust Banks lowered their FY2017 earnings estimates for shares of Bank of the Ozarks in a research note issued on Wednesday. SunTrust Banks analyst J. Demba now forecasts that the financial services provider will earn $2.97 per share for the year, down from their previous estimate of $3.00. SunTrust Banks currently has a “Hold” rating and a $50.00 target price on the stock. SunTrust Banks also issued estimates for Bank of the Ozarks’ Q4 2017 earnings at $0.76 EPS, Q1 2018 earnings at $0.76 EPS, Q2 2018 earnings at $0.80 EPS, Q3 2018 earnings at $0.84 EPS, FY2018 earnings at $3.27 EPS, Q1 2019 earnings at $0.87 EPS, Q2 2019 earnings at $0.94 EPS, Q3 2019 earnings at $0.99 EPS and FY2019 earnings at $3.84 EPS.

A number of other research firms have also commented on OZRK. Piper Jaffray Companies reissued an “overweight” rating and issued a $55.00 price objective on shares of Bank of the Ozarks in a research note on Thursday, October 5th. Zacks Investment Research raised Bank of the Ozarks from a “sell” rating to a “hold” rating in a research note on Monday, August 28th. BidaskClub lowered Bank of the Ozarks from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. ValuEngine lowered Bank of the Ozarks from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Brean Capital reissued a “buy” rating on shares of Bank of the Ozarks in a research note on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $54.13.

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Bank of the Ozarks (OZRK) opened at 45.70 on Friday. The firm has a market capitalization 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. The stock’s 50 day moving average price is $44.82 and its 200-day moving average price is $46.32.

Bank of the Ozarks (NASDAQ:OZRK) last issued its quarterly earnings results on Wednesday, October 11th. The financial services provider reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. The company had revenue of $242.47 million for the quarter, compared to analyst estimates of $243.67 million. Bank of the Ozarks had a return on equity of 11.85% and a net margin of 65.67%. During the same period last year, the company earned $0.66 earnings per share.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 13th will be given a dividend of $0.185 per share. The ex-dividend date is Thursday, October 12th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.62%. This is an increase from Bank of the Ozarks’s previous quarterly dividend of $0.18. Bank of the Ozarks’s payout ratio is presently 24.57%.

Several hedge funds have recently added to or reduced their stakes in OZRK. BlackRock Inc. raised its position in shares of Bank of the Ozarks by 24,121.9% during the first quarter. BlackRock Inc. now owns 9,977,483 shares of the financial services provider’s stock worth $518,930,000 after acquiring an additional 9,936,291 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Bank of the Ozarks by 144.6% during the second quarter. Principal Financial Group Inc. now owns 3,138,880 shares of the financial services provider’s stock worth $147,117,000 after acquiring an additional 1,855,697 shares during the last quarter. Epoch Investment Partners Inc. raised its position in shares of Bank of the Ozarks by 102.3% during the second quarter. Epoch Investment Partners Inc. now owns 1,958,988 shares of the financial services provider’s stock worth $91,818,000 after acquiring an additional 990,815 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Bank of the Ozarks by 8.6% during the second quarter. Vanguard Group Inc. now owns 10,724,158 shares of the financial services provider’s stock worth $502,641,000 after acquiring an additional 852,398 shares during the last quarter. Finally, FMR LLC raised its position in shares of Bank of the Ozarks by 18.0% during the first quarter. FMR LLC now owns 4,813,003 shares of the financial services provider’s stock worth $250,325,000 after acquiring an additional 733,913 shares during the last quarter. 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.

Earnings History and Estimates for Bank of the Ozarks (NASDAQ:OZRK)

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