Bank of the Ozarks Inc. (NASDAQ:OZRK) – Investment analysts at FIG Partners decreased their Q3 2017 EPS estimates for Bank of the Ozarks in a research note issued to investors on Wednesday. FIG Partners analyst B. Martin now forecasts that the brokerage will earn $0.72 per share for the quarter, down from their prior estimate of $0.74.

OZRK has been the subject of a number of other reports. Zacks Investment Research cut Bank of the Ozarks from a “hold” rating to a “sell” rating in a research report on Monday, September 19th. Wells Fargo & Co. set a $42.00 target price on Bank of the Ozarks and gave the company a “hold” rating in a research report on Wednesday, October 12th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $46.00 target price (down from $48.00) on shares of Bank of the Ozarks in a research report on Friday, June 24th. Raymond James Financial Inc. raised Bank of the Ozarks from a “market perform” rating to an “outperform” rating and set a $51.00 target price for the company in a research report on Thursday, August 25th. Finally, Rafferty Capital Markets initiated coverage on Bank of the Ozarks in a research report on Friday, September 16th. They issued a “buy” rating and a $46.00 target price for the company. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $46.33.

Earnings History and Estimates for Bank of the Ozarks (NASDAQ:OZRK)

Shares of Bank of the Ozarks (NASDAQ:OZRK) traded up 0.08% on Monday, reaching $37.59. The company had a trading volume of 84,155 shares. The firm has a market capitalization of $4.55 billion, a P/E ratio of 16.57 and a beta of 1.32. Bank of the Ozarks has a 52 week low of $33.51 and a 52 week high of $54.96. The company’s 50-day moving average price is $38.73 and its 200 day moving average price is $38.66.

Bank of the Ozarks (NASDAQ:OZRK) last released its earnings results on Tuesday, October 11th. The financial services provider reported $0.66 EPS for the quarter, topping the Zacks’ 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 quarter in the prior year, the business earned $0.54 earnings per share.

A number of institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services Inc increased its position in Bank of the Ozarks by 14.9% in the first quarter. Commonwealth Equity Services Inc now owns 7,373 shares of the financial services provider’s stock valued at $309,000 after buying an additional 958 shares during the last quarter. Aperio Group LLC increased its position in Bank of the Ozarks by 34.5% in the first quarter. Aperio Group LLC now owns 8,552 shares of the financial services provider’s stock valued at $359,000 after buying an additional 2,192 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in Bank of the Ozarks by 92.9% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 27,010 shares of the financial services provider’s stock valued at $1,134,000 after buying an additional 13,010 shares during the last quarter. Teachers Advisors Inc. increased its position in Bank of the Ozarks by 1.8% in the first quarter. Teachers Advisors Inc. now owns 133,660 shares of the financial services provider’s stock valued at $5,610,000 after buying an additional 2,334 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in Bank of the Ozarks by 12.3% in the first quarter. Prudential Financial Inc. now owns 61,422 shares of the financial services provider’s stock valued at $2,578,000 after buying an additional 6,724 shares during the last quarter. 71.37% of the stock is owned by hedge funds and other institutional investors.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Friday, October 14th will be issued a $0.165 dividend. 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 dividend yield of 1.76%. The ex-dividend date of this dividend is Wednesday, October 12th. Bank of the Ozarks’s dividend payout ratio (DPR) is currently 27.50%.

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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