BidaskClub lowered shares of Bank of the Ozarks (NASDAQ:OZRK) from a hold rating to a sell rating in a research report released on Saturday morning.
Other analysts have also recently issued reports about the company. Brean Capital set a $59.00 price objective on Bank of the Ozarks and gave the stock a buy rating in a report on Saturday, June 3rd. Stephens reissued a buy rating and set a $64.00 price objective on shares of Bank of the Ozarks in a report on Thursday. Zacks Investment Research cut Bank of the Ozarks from a buy rating to a hold rating in a report on Thursday, April 13th. Finally, Keefe, Bruyette & Woods set a $56.00 price target on Bank of the Ozarks and gave the company a buy rating in a research note on Monday, April 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $53.88.
Bank of the Ozarks (NASDAQ OZRK) traded down 1.73% during trading on Friday, hitting $45.44. 10,134,092 shares of the stock traded hands. The stock has a market cap of $5.52 billion, a P/E ratio of 16.63 and a beta of 1.53. The firm’s 50-day moving average is $47.01 and its 200 day moving average is $51.15. Bank of the Ozarks has a 52 week low of $33.51 and a 52 week high of $56.86.
Bank of the Ozarks (NASDAQ:OZRK) last announced its quarterly earnings data on Tuesday, April 11th. The financial services provider reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.01. The firm had revenue of $219.83 million during the quarter, compared to analysts’ expectations of $225.45 million. Bank of the Ozarks had a return on equity of 12.33% and a net margin of 35.50%. During the same period in the previous year, the business posted $0.57 EPS. Equities research analysts forecast that Bank of the Ozarks will post $3.00 earnings per share for the current fiscal year.
In related news, insider Dan Thomas sold 19,737 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $47.37, for a total value of $934,941.69. Following the completion of the transaction, the insider now directly owns 110,624 shares in the company, valued at approximately $5,240,258.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Walter J. Mullen III sold 505 shares of the business’s stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $50.31, for a total value of $25,406.55. Following the completion of the transaction, the director now owns 3,400 shares of the company’s stock, valued at $171,054. The disclosure for this sale can be found here. Insiders sold a total of 22,760 shares of company stock valued at $1,078,619 over the last quarter. 6.70% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the stock. A.R.T. Advisors LLC acquired a new position in shares of Bank of the Ozarks during the fourth quarter valued at about $1,698,000. Tyers Asset Management LLC acquired a new position in shares of Bank of the Ozarks during the fourth quarter valued at about $174,000. Flinton Capital Management LLC acquired a new position in shares of Bank of the Ozarks during the fourth quarter valued at about $221,000. Allianz Asset Management AG raised its position in shares of Bank of the Ozarks by 38.9% in the fourth quarter. Allianz Asset Management AG now owns 250,000 shares of the financial services provider’s stock valued at $13,148,000 after buying an additional 70,000 shares in the last quarter. Finally, Credit Agricole S A raised its position in shares of Bank of the Ozarks by 254.1% in the fourth quarter. Credit Agricole S A now owns 22,044 shares of the financial services provider’s stock valued at $1,159,000 after buying an additional 15,818 shares in the last quarter. Institutional investors and hedge funds own 85.66% of the company’s stock.
Bank of the Ozarks Company Profile
Bank of the Ozarks, Inc is a bank holding company. The Company owns an Arkansas state chartered subsidiary bank, Bank of the Ozarks (the Bank). The Company provides a range of retail and commercial banking services. Its deposit services include checking, savings, money market, time deposit and individual retirement accounts.
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