Bank Of The Ozarks Inc (OZRK) Given Average Recommendation of “Buy” by Analysts
Bank Of The Ozarks Inc (NASDAQ:OZRK) has received an average recommendation of “Buy” from the eleven research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $55.56.
OZRK has been the subject of a number of recent research reports. Brean Capital reiterated a “buy” rating on shares of Bank Of The Ozarks in a report on Wednesday, December 6th. SunTrust Banks reiterated a “hold” rating and issued a $50.00 target price on shares of Bank Of The Ozarks in a report on Thursday, October 12th. Raymond James Financial reduced their target price on shares of Bank Of The Ozarks from $59.00 to $57.00 and set an “outperform” rating for the company in a report on Thursday, October 12th. Morgan Stanley reiterated an “overweight” rating and issued a $54.00 target price on shares of Bank Of The Ozarks in a report on Thursday, December 14th. Finally, Zacks Investment Research upgraded shares of Bank Of The Ozarks from a “sell” rating to a “hold” rating in a report on Friday, December 15th.
Several institutional investors and hedge funds have recently bought and sold shares of OZRK. Willingdon Wealth Management acquired a new position in shares of Bank Of The Ozarks during the third quarter valued at about $104,000. BB&T Investment Services Inc. acquired a new position in shares of Bank Of The Ozarks during the second quarter valued at about $190,000. Cadence Capital Management LLC acquired a new position in shares of Bank Of The Ozarks during the third quarter valued at about $202,000. Dorsey & Whitney Trust CO LLC acquired a new position in shares of Bank Of The Ozarks during the third quarter valued at about $217,000. Finally, First Allied Advisory Services Inc. acquired a new position in shares of Bank Of The Ozarks during the second quarter valued at about $237,000. Hedge funds and other institutional investors own 84.97% of the company’s stock.
Bank Of The Ozarks (NASDAQ:OZRK) last released its quarterly earnings data on Wednesday, October 11th. The financial services provider reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.01. The company had revenue of $242.47 million during the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $0.66 earnings per share. analysts predict that Bank Of The Ozarks will post 2.95 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 19th will be issued a $0.19 dividend. The ex-dividend date is Thursday, January 18th. This is an increase from Bank Of The Ozarks’s previous quarterly dividend of $0.19. This represents a $0.76 dividend on an annualized basis and a yield of 1.45%. Bank Of The Ozarks’s payout ratio is currently 27.31%.
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Bank Of The Ozarks Company Profile
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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