Piper Jaffray Companies restated their buy rating on shares of Bank Of The Ozarks (NASDAQ:OZRK) in a research report report published on Friday morning. They currently have a $59.00 price target on the financial services provider’s stock.
OZRK has been the subject of several other reports. Keefe, Bruyette & Woods reaffirmed a market perform rating and issued a $56.00 price target on shares of Bank Of The Ozarks in a report on Wednesday, January 17th. Brean Capital reaffirmed a buy rating and issued a $65.00 price target on shares of Bank Of The Ozarks in a report on Tuesday, January 16th. Stephens reaffirmed a hold rating on shares of Bank Of The Ozarks in a report on Wednesday, January 17th. Zacks Investment Research lowered shares of Bank Of The Ozarks from a buy rating to a hold rating in a report on Thursday, January 4th. Finally, Barclays began coverage on shares of Bank Of The Ozarks in a report on Wednesday, January 3rd. They issued an overweight rating and a $60.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $56.00.
Shares of Bank Of The Ozarks (NASDAQ:OZRK) opened at $52.23 on Friday. The firm has a market cap of $6,603.83, a PE ratio of 15.59, a PEG ratio of 1.16 and a beta of 1.49. Bank Of The Ozarks has a 1 year low of $40.15 and a 1 year high of $56.86. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.92 and a quick ratio of 0.99.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 19th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.46%. This is a positive change from Bank Of The Ozarks’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, January 18th. Bank Of The Ozarks’s payout ratio is presently 22.69%.
A number of institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue acquired a new position in Bank Of The Ozarks during the 4th quarter valued at about $377,000. Edge Wealth Management LLC boosted its stake in Bank Of The Ozarks by 62.1% during the 4th quarter. Edge Wealth Management LLC now owns 20,097 shares of the financial services provider’s stock valued at $976,000 after purchasing an additional 7,700 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Bank Of The Ozarks by 6.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 614,497 shares of the financial services provider’s stock valued at $29,773,000 after purchasing an additional 37,590 shares during the period. Skylands Capital LLC boosted its stake in Bank Of The Ozarks by 18.8% during the 4th quarter. Skylands Capital LLC now owns 74,350 shares of the financial services provider’s stock valued at $3,602,000 after purchasing an additional 11,750 shares during the period. Finally, Lathrop Investment Management Corp boosted its stake in Bank Of The Ozarks by 44.1% during the 4th quarter. Lathrop Investment Management Corp now owns 10,878 shares of the financial services provider’s stock valued at $527,000 after purchasing an additional 3,328 shares during the period. 85.48% of the stock is owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION WARNING: This news story was posted by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The legal version of this news story can be accessed at https://www.com-unik.info/2018/01/23/bank-of-the-ozarks-ozrk-stock-rating-reaffirmed-by-piper-jaffray-companies.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.
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.