Bank Of The Ozarks (OZRK) Earns “Overweight” Rating from Morgan Stanley

Morgan Stanley reaffirmed their overweight rating on shares of Bank Of The Ozarks (NASDAQ:OZRK) in a research note issued to investors on Thursday. Morgan Stanley currently has a $54.00 price target on the financial services provider’s stock.

Other analysts have also recently issued reports about the stock. Raymond James Financial lowered their target price on shares of Bank Of The Ozarks from $59.00 to $57.00 and set an outperform rating for the company in a research note on Thursday, October 12th. Zacks Investment Research upgraded shares of Bank Of The Ozarks from a sell rating to a hold rating in a research note on Friday, October 13th. ValuEngine cut shares of Bank Of The Ozarks from a buy rating to a hold rating in a research note on Friday, September 1st. SunTrust Banks reiterated a hold rating and issued a $50.00 target price on shares of Bank Of The Ozarks in a research note on Thursday, October 12th. Finally, Brean Capital restated a buy rating on shares of Bank Of The Ozarks in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $54.14.

Shares of Bank Of The Ozarks (OZRK) opened at $47.74 on Thursday. The company has a market cap of $6,167.20, a P/E ratio of 16.29, a P/E/G ratio of 1.35 and a beta of 1.49. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.93 and a quick ratio of 0.99. Bank Of The Ozarks has a 12 month low of $40.15 and a 12 month high of $56.86.

Bank Of The Ozarks (NASDAQ:OZRK) last released its earnings results on Wednesday, October 11th. The financial services provider reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.01. The company had revenue of $242.47 million during the quarter, compared to analysts’ expectations of $243.67 million. Bank Of The Ozarks had a net margin of 65.67% and a return on equity of 11.85%. During the same period last year, the business earned $0.66 EPS. analysts anticipate that Bank Of The Ozarks will post 2.95 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in OZRK. Principal Financial Group Inc. lifted its stake in Bank Of The Ozarks by 144.6% during the 2nd quarter. Principal Financial Group Inc. now owns 3,138,880 shares of the financial services provider’s stock valued at $147,117,000 after acquiring an additional 1,855,697 shares during the period. Epoch Investment Partners Inc. lifted its stake in Bank Of The Ozarks by 93.2% during the 3rd quarter. Epoch Investment Partners Inc. now owns 3,785,464 shares of the financial services provider’s stock valued at $181,892,000 after acquiring an additional 1,826,476 shares during the period. Vanguard Group Inc. lifted its stake in Bank Of The Ozarks by 8.6% during the 2nd quarter. Vanguard Group Inc. now owns 10,724,158 shares of the financial services provider’s stock valued at $502,641,000 after acquiring an additional 852,398 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Bank Of The Ozarks by 135.8% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 974,224 shares of the financial services provider’s stock valued at $46,812,000 after acquiring an additional 561,118 shares during the period. Finally, BlackRock Inc. lifted its stake in Bank Of The Ozarks by 4.8% during the 2nd quarter. BlackRock Inc. now owns 10,457,898 shares of the financial services provider’s stock valued at $490,162,000 after acquiring an additional 480,415 shares during the period. Institutional investors and hedge funds own 86.28% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Bank Of The Ozarks (OZRK) Earns “Overweight” Rating from Morgan Stanley” was originally posted by Community Financial News and is the property of of Community Financial News. If you are viewing this article on another site, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this article can be viewed at https://www.com-unik.info/2017/12/18/bank-of-the-ozarks-ozrk-earns-overweight-rating-from-morgan-stanley.html.

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)

Receive News & Ratings for Bank Of The Ozarks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank Of The Ozarks and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit