Bank of the Ozarks (OZRK) Stock Rating Reaffirmed by Brean Capital

Brean Capital reaffirmed their buy rating on shares of Bank of the Ozarks (NASDAQ:OZRK) in a research note released on Friday, July 14th. They currently have a $59.00 price target on the financial services provider’s stock.

Other analysts also recently issued reports about the stock. Stephens reaffirmed a buy rating on shares of Bank of the Ozarks in a report on Wednesday, May 24th. BidaskClub raised shares of Bank of the Ozarks from a sell rating to a hold rating in a report on Saturday, June 10th. Keefe, Bruyette & Woods set a $56.00 price objective on shares of Bank of the Ozarks and gave the stock a buy rating in a report on Monday, April 3rd. Finally, Zacks Investment Research downgraded shares of Bank of the Ozarks from a buy rating to a hold rating in a report on Thursday, April 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Bank of the Ozarks presently has an average rating of Buy and a consensus target price of $52.11.

Shares of Bank of the Ozarks (NASDAQ OZRK) opened at 41.59 on Friday. The stock has a market capitalization of $5.33 billion, a price-to-earnings ratio of 14.62 and a beta of 1.52. The firm’s 50-day moving average price is $45.94 and its 200 day moving average price is $49.47. Bank of the Ozarks has a 1-year low of $35.53 and a 1-year high of $56.86.

Bank of the Ozarks (NASDAQ:OZRK) last posted its earnings results on Wednesday, July 12th. The financial services provider reported $0.73 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.73. The company had revenue of $237.30 million during the quarter, compared to the consensus estimate of $232.85 million. Bank of the Ozarks had a net margin of 46.15% and a return on equity of 11.75%. The company’s revenue for the quarter was up 64.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 earnings per share. Equities research analysts expect that Bank of the Ozarks will post $2.97 earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 14th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.73%. This is a boost from Bank of the Ozarks’s previous quarterly dividend of $0.18. Bank of the Ozarks’s dividend payout ratio (DPR) is 25.35%.

In other news, Director Peter C. Kenny sold 1,034 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $46.00, for a total value of $47,564.00. Following the transaction, the director now owns 8,600 shares of the company’s stock, valued at approximately $395,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.70% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Louisiana State Employees Retirement System raised its position in shares of Bank of the Ozarks by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 23,000 shares of the financial services provider’s stock valued at $1,196,000 after buying an additional 500 shares during the period. Horrell Capital Management Inc. raised its position in Bank of the Ozarks by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 109,540 shares of the financial services provider’s stock valued at $5,697,000 after buying an additional 400 shares during the last quarter. Capstone Asset Management Co. raised its position in Bank of the Ozarks by 2.6% in the first quarter. Capstone Asset Management Co. now owns 9,802 shares of the financial services provider’s stock valued at $510,000 after buying an additional 250 shares during the last quarter. Bank of Montreal Can raised its position in Bank of the Ozarks by 86.4% in the first quarter. Bank of Montreal Can now owns 660,685 shares of the financial services provider’s stock valued at $34,362,000 after buying an additional 306,284 shares during the last quarter. Finally, Koshinski Asset Management Inc. raised its position in Bank of the Ozarks by 4.3% in the first quarter. Koshinski Asset Management Inc. now owns 7,300 shares of the financial services provider’s stock valued at $380,000 after buying an additional 300 shares during the last quarter. 85.32% of the stock is currently owned by institutional investors.

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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