Bank Of The Ozarks (OZRK) Earns Buy Rating from Piper Jaffray Companies

Bank Of The Ozarks (NASDAQ:OZRK)‘s stock had its “buy” rating reaffirmed by research analysts at Piper Jaffray Companies in a research note issued to investors on Friday. They currently have a $59.00 price objective on the financial services provider’s stock. Piper Jaffray Companies’ price target suggests a potential upside of 14.52% from the stock’s previous close.

OZRK has been the topic of several other research reports. Zacks Investment Research raised Bank Of The Ozarks from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Morgan Stanley reissued an “overweight” rating and set a $54.00 target price on shares of Bank Of The Ozarks in a research report on Thursday, December 14th. Barclays assumed coverage on Bank Of The Ozarks in a research report on Wednesday, January 3rd. They set an “overweight” rating and a $60.00 target price on the stock. Raymond James Financial cut their target price on 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. Finally, Brean Capital reissued a “buy” rating and set a $65.00 target price on shares of Bank Of The Ozarks in a research report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $56.00.

Shares of Bank Of The Ozarks (OZRK) traded up $0.30 during midday trading on Friday, hitting $51.52. The stock had a trading volume of 705,415 shares, compared to its average volume of 1,320,000. The company has a quick ratio of 0.99, a current ratio of 0.92 and a debt-to-equity ratio of 0.11. Bank Of The Ozarks has a 1-year low of $40.15 and a 1-year high of $56.86. The firm has a market cap of $6,600.00, a price-to-earnings ratio of 19.01, a PEG ratio of 1.13 and a beta of 1.50.

Bank Of The Ozarks (NASDAQ:OZRK) last issued its earnings results on Tuesday, January 16th. The financial services provider reported $0.75 earnings per share for the quarter, hitting the consensus estimate of $0.75. Bank Of The Ozarks had a return on equity of 11.50% and a net margin of 35.53%. The business had revenue of $245.04 million for the quarter, compared to analyst estimates of $249.84 million. During the same quarter last year, the company earned $0.72 EPS. sell-side analysts forecast that Bank Of The Ozarks will post 3.77 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Willingdon Wealth Management acquired a new position in Bank Of The Ozarks during the third quarter worth approximately $104,000. BB&T Investment Services Inc. acquired a new position in Bank Of The Ozarks during the second quarter worth approximately $190,000. Cadence Capital Management LLC acquired a new position in Bank Of The Ozarks during the third quarter worth approximately $202,000. Dorsey & Whitney Trust CO LLC acquired a new position in Bank Of The Ozarks during the third quarter worth approximately $217,000. Finally, First Allied Advisory Services Inc. acquired a new position in Bank Of The Ozarks during the second quarter worth approximately $237,000. 86.21% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Bank Of The Ozarks (NASDAQ:OZRK)

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