Bank of the Ozarks Inc. (NASDAQ:OZRK) Director Walter J. Mullen III acquired 525 shares of the firm’s stock in a transaction on Friday, October 14th. The shares were bought at an average cost of $38.09 per share, for a total transaction of $19,997.25. Following the acquisition, the director now owns 4,735 shares in the company, valued at $180,356.15. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bank of the Ozarks Inc. (NASDAQ:OZRK) traded up 1.27% on Tuesday, reaching $37.57. 119,166 shares of the company traded hands. The stock has a market capitalization of $4.55 billion, a PE ratio of 16.56 and a beta of 1.32. The firm has a 50 day moving average of $38.77 and a 200-day moving average of $38.69. Bank of the Ozarks Inc. has a one year low of $33.51 and a one year high of $54.96.

Bank of the Ozarks (NASDAQ:OZRK) last announced its earnings results on Tuesday, October 11th. The financial services provider reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.06. Bank of the Ozarks had a return on equity of 12.84% and a net margin of 49.74%. During the same period in the previous year, the firm earned $0.54 EPS. On average, analysts anticipate that Bank of the Ozarks Inc. will post $2.44 EPS for the current year.

Insider Buying and Selling by Quarter for Bank of the Ozarks (NASDAQ:OZRK)

The business also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, October 14th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Wednesday, October 12th. This is a boost from Bank of the Ozarks’s previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a yield of 1.78%. Bank of the Ozarks’s dividend payout ratio is presently 27.50%.

OZRK has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a report on Friday, October 7th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $46.00 price objective on shares of Bank of the Ozarks in a report on Tuesday, July 12th. Wells Fargo & Co. initiated coverage on shares of Bank of the Ozarks in a report on Thursday, June 23rd. They set a “market perform” rating on the stock. 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 on the stock in a report on Thursday, August 25th. Finally, Rafferty Capital Markets initiated coverage on shares of Bank of the Ozarks in a report on Friday, September 16th. They set a “buy” rating and a $46.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $46.33.

A number of hedge funds have recently made changes to their positions in the stock. Capstone Asset Management Co. boosted its position in Bank of the Ozarks by 5.7% in the third quarter. Capstone Asset Management Co. now owns 10,622 shares of the financial services provider’s stock worth $408,000 after buying an additional 570 shares during the last quarter. Eagle Asset Management Inc. acquired a new position in Bank of the Ozarks during the third quarter worth about $81,293,000. Creative Planning boosted its position in Bank of the Ozarks by 132.7% in the third quarter. Creative Planning now owns 4,671 shares of the financial services provider’s stock worth $179,000 after buying an additional 2,664 shares during the last quarter. Raymond James Trust N.A. boosted its position in Bank of the Ozarks by 31.6% in the third quarter. Raymond James Trust N.A. now owns 7,140 shares of the financial services provider’s stock worth $274,000 after buying an additional 1,714 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in Bank of the Ozarks by 15.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 31,339 shares of the financial services provider’s stock worth $1,203,000 after buying an additional 4,086 shares during the last quarter. Institutional investors and hedge funds own 71.37% of the company’s stock.

Bank of the Ozarks Company Profile

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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