Jay Scott Hastings Sells 3,000 Shares of Bank of the Ozarks Inc. (OZRK) Stock
Bank of the Ozarks Inc. (NASDAQ:OZRK) insider Jay Scott Hastings sold 3,000 shares of the business’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $37.03, for a total transaction of $111,090.00. Following the completion of the transaction, the insider now directly owns 11,813 shares of the company’s stock, valued at approximately $437,435.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Bank of the Ozarks Inc. (NASDAQ:OZRK) opened at 39.57 on Thursday. The company has a market capitalization of $4.79 billion, a PE ratio of 16.34 and a beta of 1.26. The firm’s 50-day moving average is $37.99 and its 200 day moving average is $38.05. Bank of the Ozarks Inc. has a 12 month low of $33.51 and a 12 month high of $54.90.
Bank of the Ozarks (NASDAQ:OZRK) last released its quarterly earnings results on Tuesday, October 11th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 quarter in the prior year, the company earned $0.54 earnings per share. Equities research analysts predict that Bank of the Ozarks Inc. will post $2.52 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 21st. Stockholders of record on Friday, October 14th were given a dividend of $0.165 per share. The ex-dividend date was 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 dividend yield of 1.67%. Bank of the Ozarks’s dividend payout ratio is 27.50%.
Several large investors have recently bought and sold shares of OZRK. IFP Advisors Inc boosted its stake in Bank of the Ozarks by 620.3% in the second quarter. IFP Advisors Inc now owns 3,119 shares of the financial services provider’s stock valued at $117,000 after buying an additional 2,686 shares during the period. NN Investment Partners Holdings N.V. boosted its stake in Bank of the Ozarks by 10.0% in the second quarter. NN Investment Partners Holdings N.V. now owns 3,300 shares of the financial services provider’s stock valued at $124,000 after buying an additional 300 shares during the period. Bessemer Group Inc. boosted its stake in Bank of the Ozarks by 132.0% in the second quarter. Bessemer Group Inc. now owns 3,579 shares of the financial services provider’s stock valued at $135,000 after buying an additional 2,036 shares during the period. Toronto Dominion Bank purchased a new stake in Bank of the Ozarks during the second quarter valued at $135,000. Finally, Bank of Montreal Can purchased a new stake in Bank of the Ozarks during the second quarter valued at $138,000. Institutional investors own 73.52% of the company’s stock.
Several research firms recently commented on OZRK. Zacks Investment Research cut shares of 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 price objective on shares of Bank of the Ozarks and gave the company a “hold” rating in a research report on Wednesday, October 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 on the stock in a research report on Thursday, August 25th. Finally, Rafferty Capital Markets began coverage on shares of Bank of the Ozarks in a research report on Friday, September 16th. They issued a “buy” rating and a $46.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $46.33.
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.
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