Bank of the Ozarks (NASDAQ:OZRK) – Analysts at SunTrust Banks decreased their Q4 2018 earnings per share estimates for Bank of the Ozarks in a report issued on Wednesday. SunTrust Banks analyst J. Demba now forecasts that the financial services provider will earn $0.87 per share for the quarter, down from their previous forecast of $0.98. SunTrust Banks currently has a “Hold” rating and a $50.00 target price on the stock.
Bank of the Ozarks (NASDAQ:OZRK) last issued its quarterly earnings data on Wednesday, October 11th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.01. Bank of the Ozarks had a return on equity of 11.85% and a net margin of 65.67%. The company had revenue of $242.47 million for the quarter, compared to the consensus estimate of $243.67 million. During the same quarter last year, the business posted $0.66 earnings per share.
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Several other analysts have also recently commented on OZRK. Stephens set a $64.00 price target on shares of Bank of the Ozarks and gave the stock a “buy” rating in a research note on Thursday, June 22nd. BidaskClub cut shares of Bank of the Ozarks from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Keefe, Bruyette & Woods set a $56.00 price target on shares of Bank of the Ozarks and gave the stock a “buy” rating in a research note on Thursday, July 6th. Brean Capital reiterated a “buy” rating and issued a $59.00 price target on shares of Bank of the Ozarks in a research note on Friday, July 14th. Finally, Morgan Stanley initiated coverage on shares of Bank of the Ozarks in a research note on Wednesday, August 2nd. They issued an “overweight” rating and a $54.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $54.13.
Shares of Bank of the Ozarks (NASDAQ OZRK) opened at 45.19 on Monday. Bank of the Ozarks has a 12 month low of $35.53 and a 12 month high of $56.86. The company has a 50 day moving average price of $44.98 and a 200-day moving average price of $46.22. The stock has a market cap of $5.79 billion, a P/E ratio of 15.41 and a beta of 1.53.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 13th will be given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 1.64%. This is a boost from Bank of the Ozarks’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, October 12th. Bank of the Ozarks’s dividend payout ratio is currently 25.26%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Exane Derivatives purchased a new stake in shares of Bank of the Ozarks during the 2nd quarter valued at about $119,000. V Wealth Management LLC purchased a new stake in shares of Bank of the Ozarks during the 2nd quarter valued at about $174,000. BB&T Investment Services Inc. purchased a new stake in shares of Bank of the Ozarks during the 2nd quarter valued at about $190,000. Opus Capital Group LLC purchased a new stake in shares of Bank of the Ozarks during the 2nd quarter valued at about $203,000. Finally, Cigna Investments Inc. New purchased a new stake in shares of Bank of the Ozarks during the 2nd quarter valued at about $221,000. Hedge funds and other institutional investors own 86.43% of the company’s stock.
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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