Bank Of The Ozarks (OZRK) Cut to “Hold” at Zacks Investment Research

Bank Of The Ozarks (NASDAQ:OZRK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “Shares of Bank of the Ozarks have outperformed the industry over the last six months. Moreover, the company has a decent earnings surprise history. Its earnings did not lag the Zacks Consensus Estimate in any of the trailing four quarters. Its fourth-quarter 2017 results benefited from higher net interest income and lower provisions. Consistent growth in loans and deposits along with benefits from lower tax rates are expected to aid the company’s profitability. Also, its efficient capital deployment activities represent a solid balance sheet position. However, persistently rising expenses due to the company’s expansion strategy through de novo branching remains a concern. Also, margin pressure despite higher interest rates makes us apprehensive.”

Other equities research analysts have also issued research reports about the stock. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $56.00 target price on shares of Bank Of The Ozarks in a report on Wednesday, January 17th. Stephens restated a “hold” rating on shares of Bank Of The Ozarks in a report on Wednesday, January 17th. Brean Capital reiterated a “buy” rating and issued a $65.00 price objective on shares of Bank Of The Ozarks in a research note on Tuesday, January 16th. Barclays assumed coverage on shares of Bank Of The Ozarks in a research note on Wednesday, January 3rd. They issued an “overweight” rating and a $60.00 price objective for the company. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $59.00 price objective on shares of Bank Of The Ozarks in a research note on Friday, January 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. Bank Of The Ozarks currently has a consensus rating of “Hold” and an average price target of $56.00.

Bank Of The Ozarks (NASDAQ OZRK) traded up $0.22 on Tuesday, hitting $49.02. 855,500 shares of the company were exchanged, compared to its average volume of 1,461,643. 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 12 month low of $40.15 and a 12 month high of $56.86. The firm has a market cap of $6,255.18, a price-to-earnings ratio of 14.73, a PEG ratio of 1.10 and a beta of 1.43.

Bank Of The Ozarks (NASDAQ:OZRK) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $0.75 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.75. Bank Of The Ozarks had a net margin of 35.53% and a return on equity of 11.50%. The company had revenue of $245.04 million for the quarter, compared to analyst estimates of $249.84 million. During the same quarter in the prior year, the business posted $0.72 EPS. sell-side analysts predict that Bank Of The Ozarks will post 3.7 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the business. Willingdon Wealth Management purchased a new stake in Bank Of The Ozarks in the 3rd quarter valued at about $104,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Bank Of The Ozarks by 115.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,459 shares of the financial services provider’s stock valued at $167,000 after acquiring an additional 1,852 shares during the period. Meridian Management Co. bought a new position in shares of Bank Of The Ozarks during the 4th quarter valued at approximately $201,000. Cadence Capital Management LLC bought a new position in shares of Bank Of The Ozarks during the 3rd quarter valued at approximately $202,000. Finally, Dorsey & Whitney Trust CO LLC bought a new position in shares of Bank Of The Ozarks during the 3rd quarter valued at approximately $217,000. Hedge funds and other institutional investors own 86.65% 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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