Zacks Investment Research upgraded shares of Bank Of The Ozarks (NASDAQ:OZRK) from a hold rating to a buy rating in a research report released on Tuesday, December 26th. Zacks Investment Research currently has $55.00 target price on the financial services provider’s stock.
According to Zacks, “Shares of Bank of the Ozarks have underperformed the industry over the last six months. Yet, the company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters. Consistent growth in loans and deposits, and easing margin pressure will continue to aid the company’s profitability. Also, its efficient capital deployment activities represent a solid balance sheet position. However, persistently rising operating expenses due to the company’s expansion strategy through de novo branching are expected to curb bottom-line growth.”
OZRK has been the topic of a number of other reports. Brean Capital reaffirmed a buy rating on shares of Bank Of The Ozarks in a report on Monday, October 30th. Piper Jaffray Companies reaffirmed an overweight rating and issued a $55.00 target price on shares of Bank Of The Ozarks in a report on Thursday, October 5th. SunTrust Banks reissued a hold rating and issued a $50.00 price objective on shares of Bank Of The Ozarks in a research note on Thursday, October 12th. Morgan Stanley reissued an overweight rating and issued a $54.00 price objective on shares of Bank Of The Ozarks in a research note on Thursday, December 14th. Finally, ValuEngine cut shares of Bank Of The Ozarks from a buy rating to a hold rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $55.56.
Shares of Bank Of The Ozarks (NASDAQ OZRK) opened at $52.50 on Tuesday. The firm has a market cap of $6,730.00, a PE ratio of 19.37, a price-to-earnings-growth ratio of 1.22 and a beta of 1.50. 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 issued its quarterly earnings results on Wednesday, October 11th. The financial services provider reported $0.75 earnings per share (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 the consensus estimate 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 quarter in the previous year, the firm earned $0.66 earnings per share. research analysts expect that Bank Of The Ozarks will post 2.95 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 19th will be given a $0.19 dividend. The ex-dividend date is Thursday, January 18th. This is a positive change from Bank Of The Ozarks’s previous quarterly dividend of $0.19. This represents a $0.76 annualized dividend and a dividend yield of 1.45%. Bank Of The Ozarks’s payout ratio is currently 27.31%.
A number of large investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio purchased a new position in Bank Of The Ozarks in the 3rd quarter valued at about $2,575,000. Sterling Capital Management LLC lifted its holdings in Bank Of The Ozarks by 48.1% in the 3rd quarter. Sterling Capital Management LLC now owns 53,665 shares of the financial services provider’s stock valued at $2,579,000 after purchasing an additional 17,420 shares in the last quarter. First Heartland Consultants Inc. lifted its holdings in Bank Of The Ozarks by 19.3% in the 3rd quarter. First Heartland Consultants Inc. now owns 8,724 shares of the financial services provider’s stock valued at $419,000 after purchasing an additional 1,413 shares in the last quarter. Colony Group LLC lifted its holdings in Bank Of The Ozarks by 12.3% in the 3rd quarter. Colony Group LLC now owns 46,502 shares of the financial services provider’s stock valued at $2,234,000 after purchasing an additional 5,103 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in Bank Of The Ozarks by 7.4% in the 3rd quarter. California Public Employees Retirement System now owns 240,038 shares of the financial services provider’s stock valued at $11,534,000 after purchasing an additional 16,638 shares in the last quarter. Institutional investors own 84.97% of the company’s stock.
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About Bank Of The Ozarks
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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