Bank of the Ozarks (OZRK) Receives Consensus Recommendation of “Hold” from Analysts

Bank of the Ozarks (NASDAQ:OZRK) has been assigned a consensus rating of “Hold” from the twelve research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $55.38.

Several brokerages have recently issued reports on OZRK. Zacks Investment Research raised shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a research note on Monday, April 16th. Brean Capital set a $64.00 price objective on shares of Bank of the Ozarks and gave the company a “buy” rating in a research note on Friday, April 13th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $56.00 price objective on shares of Bank of the Ozarks in a research note on Wednesday, January 17th. BidaskClub raised shares of Bank of the Ozarks from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, Barclays lowered their price objective on shares of Bank of the Ozarks from $60.00 to $57.00 and set an “overweight” rating for the company in a research note on Wednesday, April 11th.

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A number of institutional investors have recently made changes to their positions in the stock. William Blair Investment Management LLC boosted its position in Bank of the Ozarks by 24.2% during the 4th quarter. William Blair Investment Management LLC now owns 3,097,339 shares of the financial services provider’s stock worth $150,066,000 after purchasing an additional 602,974 shares during the period. Bank of New York Mellon Corp boosted its position in Bank of the Ozarks by 0.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,526,966 shares of the financial services provider’s stock worth $73,981,000 after purchasing an additional 12,006 shares during the period. ArrowMark Colorado Holdings LLC boosted its position in Bank of the Ozarks by 6.9% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 1,438,830 shares of the financial services provider’s stock worth $69,711,000 after purchasing an additional 93,415 shares during the period. American Century Companies Inc. boosted its position in Bank of the Ozarks by 18.5% during the 4th quarter. American Century Companies Inc. now owns 1,305,469 shares of the financial services provider’s stock worth $63,250,000 after purchasing an additional 203,674 shares during the period. Finally, Geode Capital Management LLC boosted its position in Bank of the Ozarks by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 1,105,136 shares of the financial services provider’s stock worth $53,543,000 after purchasing an additional 49,177 shares during the period. 88.68% of the stock is owned by hedge funds and other institutional investors.

Shares of OZRK opened at $46.95 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.95 and a quick ratio of 0.94. The firm has a market capitalization of $6,001.39, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 1.06 and a beta of 1.33. Bank of the Ozarks has a fifty-two week low of $40.15 and a fifty-two week high of $53.70.

Bank of the Ozarks (NASDAQ:OZRK) last issued its quarterly earnings results on Thursday, April 12th. The financial services provider reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.03. The company had revenue of $246.48 million during the quarter, compared to the consensus estimate of $246.11 million. Bank of the Ozarks had a return on equity of 11.65% and a net margin of 40.54%. During the same period in the previous year, the firm posted $0.73 EPS. analysts forecast that Bank of the Ozarks will post 3.69 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 20th. Investors of record on Friday, April 13th were given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 1.66%. This is a boost from Bank of the Ozarks’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, April 12th. Bank of the Ozarks’s dividend payout ratio is 26.35%.

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Bank of the Ozarks Company Profile

Bank of the Ozarks provides a range of retail and commercial banking services to businesses, individuals, and non-profit and governmental entities. The company accepts non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits.

Analyst Recommendations for Bank of the Ozarks (NASDAQ:OZRK)

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