Bank Of The Ozarks (NASDAQ:OZRK) had its price target cut by research analysts at Barclays from $60.00 to $57.00 in a research report issued on Wednesday. The firm currently has an “overweight” rating on the financial services provider’s stock. Barclays’ target price would suggest a potential upside of 22.11% from the stock’s previous close.
OZRK has been the subject of several other research reports. UBS initiated coverage on shares of Bank Of The Ozarks in a research report on Thursday, March 22nd. They issued a “sell” rating and a $45.00 price objective for the company. BidaskClub raised shares of Bank Of The Ozarks from a “hold” rating to a “buy” rating in a research note on Saturday, February 17th. Zacks Investment Research raised 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 note on Friday, January 5th. Brean Capital reaffirmed a “buy” rating on shares of Bank Of The Ozarks in a research note on Thursday, April 5th. Finally, Piper Jaffray reaffirmed a “buy” rating and issued a $59.00 target price on shares of Bank Of The Ozarks in a research note on Friday, January 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $54.70.
OZRK traded down $0.23 during midday trading on Wednesday, hitting $46.68. The company had a trading volume of 809,635 shares, compared to its average volume of 1,182,184. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $5,941.14, a PE ratio of 15.78, a PEG ratio of 1.04 and a beta of 1.33. Bank Of The Ozarks has a twelve month low of $40.15 and a twelve month high of $53.70.
Bank Of The Ozarks (NASDAQ:OZRK) last posted its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75. The firm had revenue of $245.04 million during the quarter, compared to analysts’ expectations of $249.84 million. Bank Of The Ozarks had a net margin of 39.94% and a return on equity of 11.50%. During the same quarter last year, the company posted $0.72 EPS. research analysts predict that Bank Of The Ozarks will post 3.7 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Ferris Capital LLC bought a new position in Bank Of The Ozarks during the 4th quarter worth approximately $372,000. Cubist Systematic Strategies LLC boosted its stake in Bank Of The Ozarks by 41.0% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 24,971 shares of the financial services provider’s stock worth $1,200,000 after acquiring an additional 7,256 shares during the last quarter. Lazard Asset Management LLC boosted its stake in Bank Of The Ozarks by 71.0% during the 4th quarter. Lazard Asset Management LLC now owns 322,283 shares of the financial services provider’s stock worth $15,614,000 after acquiring an additional 133,848 shares during the last quarter. Legal & General Group Plc boosted its stake in Bank Of The Ozarks by 11.9% during the 3rd quarter. Legal & General Group Plc now owns 104,785 shares of the financial services provider’s stock worth $5,035,000 after acquiring an additional 11,166 shares during the last quarter. Finally, BancorpSouth Bank bought a new position in Bank Of The Ozarks during the 4th quarter worth approximately $4,540,000. 88.68% 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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