Piper Jaffray Companies reissued their buy rating on shares of Bank Of The Ozarks (NASDAQ:OZRK) in a research note released on Friday morning. The firm currently has a $59.00 price objective on the financial services provider’s stock.
A number of other brokerages have also issued reports on OZRK. Brean Capital restated a buy rating on shares of Bank Of The Ozarks in a research report on Monday, October 23rd. Zacks Investment Research upgraded shares of Bank Of The Ozarks from a hold rating to a buy rating and set a $55.00 target price on the stock in a research report on Tuesday, December 26th. Stephens restated a hold rating on shares of Bank Of The Ozarks in a research report on Wednesday. Keefe, Bruyette & Woods restated a market perform rating and set a $56.00 target price on shares of Bank Of The Ozarks in a research report on Wednesday. Finally, SunTrust Banks restated a hold rating and set a $50.00 target price on shares of Bank Of The Ozarks in a research report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. Bank Of The Ozarks has a consensus rating of Hold and a consensus price target of $56.00.
Bank Of The Ozarks (NASDAQ OZRK) traded up $0.30 during mid-day trading on Friday, hitting $51.52. 705,415 shares of the stock traded hands, compared to its average volume of 1,320,000. The firm has a market capitalization of $6,640.00, a price-to-earnings ratio of 19.01, a PEG ratio of 1.15 and a beta of 1.50. Bank Of The Ozarks has a twelve month low of $40.15 and a twelve month high of $56.86. The company has a quick ratio of 0.99, a current ratio of 0.92 and a debt-to-equity ratio of 0.11.
Bank Of The Ozarks (NASDAQ:OZRK) last announced its earnings results on Tuesday, January 16th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.75. Bank Of The Ozarks had a net margin of 35.53% and a return on equity of 11.50%. The firm had revenue of $245.04 million for the quarter, compared to analyst estimates of $249.84 million. During the same quarter last year, the business earned $0.72 earnings per share. sell-side analysts expect that Bank Of The Ozarks will post 3.72 EPS for the current year.
The business also recently declared 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. The ex-dividend date is Thursday, January 18th. This represents a $0.76 dividend on an annualized basis and a yield of 1.48%. This is an increase from Bank Of The Ozarks’s previous quarterly dividend of $0.19. Bank Of The Ozarks’s dividend payout ratio (DPR) is currently 28.04%.
A number of large investors have recently bought and sold shares of OZRK. Willingdon Wealth Management purchased a new position in Bank Of The Ozarks during the third quarter worth approximately $104,000. BB&T Investment Services Inc. purchased a new position in Bank Of The Ozarks during the second quarter worth approximately $190,000. Cadence Capital Management LLC purchased a new position in Bank Of The Ozarks during the third quarter worth approximately $202,000. Dorsey & Whitney Trust CO LLC purchased a new position in Bank Of The Ozarks during the third quarter worth approximately $217,000. Finally, First Allied Advisory Services Inc. purchased a new position in Bank Of The Ozarks during the second quarter worth approximately $237,000. 86.21% of the stock is currently owned by institutional investors.
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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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