Bank of the Ozarks (NASDAQ:OZRK) has been assigned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $54.14.
A number of equities analysts recently weighed in on the stock. BidaskClub upgraded shares of Bank of the Ozarks from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Zacks Investment Research downgraded shares of Bank of the Ozarks from a “hold” rating to a “sell” rating in a report on Tuesday, March 13th. Keefe, Bruyette & Woods restated a “market perform” rating and set 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. Finally, Piper Jaffray restated a “buy” rating and set a $59.00 target price on shares of Bank of the Ozarks in a report on Friday, January 19th.
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Several large investors have recently added to or reduced their stakes in OZRK. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Bank of the Ozarks by 78.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 3,293 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 1,450 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Bank of the Ozarks by 115.2% in the fourth 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 in the last quarter. Meridian Management Co. acquired a new position in shares of Bank of the Ozarks in the fourth quarter valued at about $201,000. Exane Derivatives grew its stake in shares of Bank of the Ozarks by 78.8% in the fourth quarter. Exane Derivatives now owns 4,486 shares of the financial services provider’s stock valued at $217,000 after acquiring an additional 1,977 shares in the last quarter. Finally, Baird Financial Group Inc. acquired a new position in shares of Bank of the Ozarks in the first quarter valued at about $235,000. Hedge funds and other institutional investors own 89.42% of the company’s stock.
Shares of OZRK stock opened at $48.90 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $6.17 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 1.09 and a beta of 1.35. Bank of the Ozarks has a 12 month low of $48.36 and a 12 month high of $48.90.
Bank of the Ozarks (NASDAQ:OZRK) last announced its quarterly earnings data on Thursday, April 12th. The financial services provider reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.03. The business had revenue of $246.48 million for the quarter, compared to analyst estimates of $246.11 million. Bank of the Ozarks had a net margin of 40.54% and a return on equity of 11.65%. During the same quarter in the previous year, the firm posted $0.73 earnings per share. analysts anticipate that Bank of the Ozarks will post 3.69 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 20th. Shareholders of record on Friday, April 13th were issued a $0.195 dividend. This is an increase from Bank of the Ozarks’s previous quarterly dividend of $0.19. This represents a $0.78 annualized dividend and a dividend yield of 1.60%. The ex-dividend date was Thursday, April 12th. Bank of the Ozarks’s payout ratio is currently 26.35%.
Bank of the Ozarks Company Profile
Bank of the Ozarks provides a range of retail and commercial banking services to businesses, individuals, and non-profit and governmental entities. The company accepts non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits.