Bank Of The Ozarks (OZRK) Now Covered by Citigroup

Analysts at Citigroup began coverage on shares of Bank Of The Ozarks (NASDAQ:OZRK) in a research note issued on Monday, MarketBeat reports. The firm set a “buy” rating and a $62.00 price target on the financial services provider’s stock. Citigroup’s price target indicates a potential upside of 29.27% from the stock’s previous close.

Other analysts have also issued research reports about the company. Brean Capital set a $64.00 target price on Bank Of The Ozarks and gave the stock a “buy” rating in a report on Friday, April 13th. BidaskClub upgraded Bank Of The Ozarks from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Zacks Investment Research upgraded Bank Of The Ozarks from a “sell” rating to a “hold” rating in a report on Monday, April 16th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $57.00 target price on shares of Bank Of The Ozarks in a report on Tuesday, February 27th. Finally, Barclays dropped their target price on Bank Of The Ozarks from $60.00 to $57.00 and set an “overweight” rating on the stock in a report on Wednesday, April 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. Bank Of The Ozarks has an average rating of “Hold” and a consensus target price of $55.27.

OZRK opened at $47.96 on Monday. Bank Of The Ozarks has a 52-week low of $40.15 and a 52-week high of $53.70. The stock has a market cap of $6.12 billion, a P/E ratio of 16.20, a P/E/G ratio of 1.08 and a beta of 1.34. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.95 and a current ratio of 0.95.

Bank Of The Ozarks (NASDAQ:OZRK) last released its earnings results on Thursday, April 12th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.03. Bank Of The Ozarks had a return on equity of 11.65% and a net margin of 40.54%. The business had revenue of $246.48 million for the quarter, compared to analyst estimates of $246.11 million. During the same quarter in the prior year, the company posted $0.73 earnings per share. equities research analysts predict that Bank Of The Ozarks will post 3.69 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Marathon Capital Management increased its position in Bank Of The Ozarks by 3.0% during the first quarter. Marathon Capital Management now owns 38,840 shares of the financial services provider’s stock worth $1,874,000 after buying an additional 1,142 shares during the last quarter. Scotia Capital Inc. increased its position in Bank Of The Ozarks by 12.4% during the fourth quarter. Scotia Capital Inc. now owns 10,419 shares of the financial services provider’s stock worth $505,000 after buying an additional 1,150 shares during the last quarter. Mason Street Advisors LLC grew its position in shares of Bank Of The Ozarks by 1.9% in the first quarter. Mason Street Advisors LLC now owns 60,991 shares of the financial services provider’s stock valued at $2,944,000 after purchasing an additional 1,166 shares during the last quarter. Amalgamated Bank grew its position in shares of Bank Of The Ozarks by 5.8% in the fourth quarter. Amalgamated Bank now owns 24,796 shares of the financial services provider’s stock valued at $1,201,000 after purchasing an additional 1,357 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of Bank Of The Ozarks by 78.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 3,293 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 1,450 shares during the last quarter. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

About Bank Of The Ozarks

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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