Bank Of The Ozarks (NASDAQ:OZRK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Monday.
According to Zacks, “Shares of Bank of the Ozarks have underperformed the industry over the last six months. Yet, the company has a decent earnings surprise history, having surpassed the Zacks Consensus Estimate in two of the trailing four quarters. Its first-quarter 2018 results benefitted from an increase in revenues, partly offset by higher expenses and provisions. Consistent growth in loans and deposits, along with benefits from lower tax rates, are expected to aid profitability. Given a solid capital position, the company is expected to continue enhancing shareholder value through efficient capital deployment activities. However, margin pressure, despite higher interest rates, remains a major concern. Also, persistently rising expenses, due to the company’s expansion strategy through de novo branching, might hurt bottom-line growth in the quarters ahead.”
OZRK has been the topic of a number of other reports. UBS started coverage on shares of Bank Of The Ozarks in a research note on Thursday, March 22nd. They issued a “sell” rating and a $45.00 price objective on the stock. Brean Capital reaffirmed a “buy” rating on shares of Bank Of The Ozarks in a research note on Thursday, April 5th. BidaskClub raised shares of Bank Of The Ozarks from a “hold” rating to a “buy” rating in a research note on Saturday, February 17th. Barclays dropped their price objective on shares of Bank Of The Ozarks from $60.00 to $57.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 11th. Finally, Piper Jaffray reaffirmed a “buy” rating and issued a $59.00 price objective 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 given a hold rating and five have issued a buy rating to the stock. Bank Of The Ozarks has an average rating of “Hold” and an average price target of $54.60.
Shares of Bank Of The Ozarks stock traded down $0.05 during trading hours on Monday, reaching $46.31. The company’s stock had a trading volume of 252,942 shares, compared to its average volume of 1,204,342. Bank Of The Ozarks has a one year low of $40.15 and a one year high of $53.70. The firm has a market capitalization of $5,942.42, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 1.05 and a beta of 1.33. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.10.
Bank Of The Ozarks (NASDAQ:OZRK) last released its quarterly earnings data on Thursday, April 12th. The financial services provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.03. Bank Of The Ozarks had a net margin of 40.54% and a return on equity of 11.65%. The firm had revenue of $246.48 million for the quarter, compared to analyst estimates of $246.11 million. During the same period last year, the firm earned $0.73 earnings per share. research analysts forecast that Bank Of The Ozarks will post 3.67 EPS for the current year.
Hedge funds have recently made changes to their positions in the company. Ferris Capital LLC purchased a new stake in shares of Bank Of The Ozarks in the fourth quarter valued at about $372,000. Cubist Systematic Strategies LLC raised its holdings in shares of Bank Of The Ozarks by 41.0% in the third quarter. Cubist Systematic Strategies LLC now owns 24,971 shares of the financial services provider’s stock valued at $1,200,000 after purchasing an additional 7,256 shares during the last quarter. Lazard Asset Management LLC raised its holdings in shares of Bank Of The Ozarks by 71.0% in the fourth quarter. Lazard Asset Management LLC now owns 322,283 shares of the financial services provider’s stock valued at $15,614,000 after purchasing an additional 133,848 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Bank Of The Ozarks by 11.9% in the third quarter. Legal & General Group Plc now owns 104,785 shares of the financial services provider’s stock valued at $5,035,000 after purchasing an additional 11,166 shares during the last quarter. Finally, BancorpSouth Bank purchased a new stake in shares of Bank Of The Ozarks in the fourth quarter valued at about $4,540,000. Institutional investors own 88.68% of the company’s stock.
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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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