Bank of the Ozarks Inc. (NASDAQ:OZRK) received a $42.00 price target from investment analysts at Wells Fargo & Co. in a research report issued on Wednesday. The firm presently has a a “hold” rating on the financial services provider’s stock. Wells Fargo & Co.’s target price would indicate a potential upside of 8.75% from the company’s current price.

A number of other brokerages have also 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 Friday, October 7th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $46.00 price objective on shares of Bank of the Ozarks in a research note on Tuesday, July 12th. Raymond James Financial Inc. raised shares of Bank of the Ozarks from a “market perform” rating to an “outperform” rating and set a $51.00 price objective for the company in a research note on Thursday, August 25th. Finally, Rafferty Capital Markets initiated coverage on shares of Bank of the Ozarks in a research note on Friday, September 16th. They issued a “buy” rating and a $46.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Bank of the Ozarks presently has an average rating of “Buy” and a consensus target price of $46.33.

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

Bank of the Ozarks (NASDAQ:OZRK) traded down 2.93% during midday trading on Wednesday, reaching $37.49. 1,332,027 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $38.84 and a 200 day moving average price of $38.82. The company has a market cap of $4.54 billion, a price-to-earnings ratio of 16.52 and a beta of 1.32. Bank of the Ozarks has a 12-month low of $33.51 and a 12-month high of $54.96.

Bank of the Ozarks (NASDAQ:OZRK) last announced its quarterly earnings data on Tuesday, October 11th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.06. Bank of the Ozarks had a net margin of 49.74% and a return on equity of 12.84%. During the same period in the previous year, the business posted $0.54 earnings per share. On average, analysts expect that Bank of the Ozarks will post $2.44 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, October 14th will be issued a dividend of $0.165 per share. This is a positive change from Bank of the Ozarks’s previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Wednesday, October 12th. Bank of the Ozarks’s dividend payout ratio is currently 26.67%.

In other news, Director Walter J. Mullen III purchased 1,120 shares of the stock in a transaction that occurred on Wednesday, August 10th. The stock was bought at an average cost of $37.14 per share, for a total transaction of $41,596.80. Following the acquisition, the director now directly owns 3,775 shares of the company’s stock, valued at approximately $140,203.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Walter J. Mullen III purchased 1,130 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The shares were purchased at an average price of $35.28 per share, with a total value of $39,866.40. Following the completion of the acquisition, the director now directly owns 2,650 shares in the company, valued at $93,492. The disclosure for this purchase can be found here. Corporate insiders own 8.70% of the company’s stock.

A number of large investors have recently bought and sold shares of OZRK. Vanguard Group Inc. raised its position in shares of Bank of the Ozarks by 2.6% in the second quarter. Vanguard Group Inc. now owns 6,593,667 shares of the financial services provider’s stock valued at $247,394,000 after buying an additional 169,795 shares during the period. State Street Corp raised its position in shares of Bank of the Ozarks by 11.9% in the second quarter. State Street Corp now owns 5,064,050 shares of the financial services provider’s stock valued at $190,002,000 after buying an additional 537,768 shares during the period. BlackRock Fund Advisors raised its position in shares of Bank of the Ozarks by 8.0% in the second quarter. BlackRock Fund Advisors now owns 4,271,017 shares of the financial services provider’s stock valued at $160,249,000 after buying an additional 314,870 shares during the period. FMR LLC raised its position in shares of Bank of the Ozarks by 2.7% in the second quarter. FMR LLC now owns 3,838,611 shares of the financial services provider’s stock valued at $144,025,000 after buying an additional 102,659 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of Bank of the Ozarks by 19.6% in the first quarter. Wellington Management Group LLP now owns 3,170,393 shares of the financial services provider’s stock valued at $133,061,000 after buying an additional 518,912 shares during the period. Institutional investors own 71.41% of the company’s stock.

About Bank of the Ozarks

Bank of the Ozarks, Inc is a bank holding company. The Company owns an Arkansas state chartered subsidiary bank, Bank of the Ozarks (the Bank). The Company, through the Bank, conducts operations through approximately 257 offices, including over 80 offices in Arkansas, approximately 30 in Georgia, over 20 in North Carolina, over 20 in Texas, approximately 44 in Florida, over three in Alabama, approximately two each in South Carolina and New York, and one in California.

5 Day Chart for NASDAQ:OZRK

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