Bank Of The Ozarks (OZRK) Upgraded at Zacks Investment Research

Bank Of The Ozarks (NASDAQ:OZRK) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday. The brokerage presently has a $55.00 target price on the financial services provider’s stock. Zacks Investment Research‘s target price indicates a potential upside of 11.11% from the stock’s current price.

According to Zacks, “Shares of Bank of the Ozarks have underperformed the industry over the last six months. Yet, the company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters. Consistent growth in loans and deposits, and easing margin pressure along with benefits from lower tax rates will aid the company’s profitability. Also, its efficient capital deployment activities represent a solid balance sheet position. However, persistently rising operating expenses due to the company’s expansion strategy through de novo branching are expected to curb bottom-line growth.”

Several other equities research analysts have also recently commented on the stock. SunTrust Banks reiterated a “hold” rating and issued a $50.00 price target on shares of Bank Of The Ozarks in a research report on Thursday, October 12th. Raymond James Financial dropped their price target on shares of Bank Of The Ozarks from $59.00 to $57.00 and set an “outperform” rating on the stock in a research report on Thursday, October 12th. Brean Capital reiterated a “buy” rating on shares of Bank Of The Ozarks in a research report on Wednesday, December 6th. Morgan Stanley reiterated an “overweight” rating and issued a $54.00 price target on shares of Bank Of The Ozarks in a research report on Thursday, December 14th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $55.00 price target on shares of Bank Of The Ozarks in a research report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Bank Of The Ozarks presently has an average rating of “Buy” and a consensus price target of $55.56.

Bank Of The Ozarks (NASDAQ:OZRK) traded up $0.99 during mid-day trading on Friday, reaching $49.50. 1,566,000 shares of the company traded hands, compared to its average volume of 1,087,600. The firm has a market capitalization of $6,380.00, a P/E ratio of 18.27, a P/E/G ratio of 1.21 and a beta of 1.50. Bank Of The Ozarks has a 1-year low of $40.15 and a 1-year high of $56.86.

Bank Of The Ozarks (NASDAQ:OZRK) last posted its quarterly earnings data on Wednesday, October 11th. The financial services provider reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.01. The business had revenue of $242.47 million during the quarter, compared to the consensus estimate of $243.67 million. Bank Of The Ozarks had a net margin of 65.67% and a return on equity of 11.85%. During the same quarter in the prior year, the company posted $0.66 earnings per share. equities analysts forecast that Bank Of The Ozarks will post 2.95 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of OZRK. Legal & General Group Plc raised its holdings in Bank Of The Ozarks by 59.3% during the 2nd quarter. Legal & General Group Plc now owns 93,619 shares of the financial services provider’s stock worth $4,388,000 after buying an additional 34,833 shares during the period. State Board of Administration of Florida Retirement System raised its holdings in Bank Of The Ozarks by 65.8% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 87,658 shares of the financial services provider’s stock worth $4,109,000 after buying an additional 34,801 shares during the period. Federated Investors Inc. PA raised its holdings in Bank Of The Ozarks by 28.2% during the 2nd quarter. Federated Investors Inc. PA now owns 50,898 shares of the financial services provider’s stock worth $2,386,000 after buying an additional 11,186 shares during the period. Victory Capital Management Inc. raised its holdings in Bank Of The Ozarks by 3.7% during the 2nd quarter. Victory Capital Management Inc. now owns 102,402 shares of the financial services provider’s stock worth $4,800,000 after buying an additional 3,618 shares during the period. Finally, Utah Retirement Systems acquired a new stake in Bank Of The Ozarks during the 2nd quarter worth about $979,000. Hedge funds and other institutional investors own 84.97% of the company’s stock.

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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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