Timothy D. Hicks Sells 3,000 Shares of Bank of the Ozarks Inc. (OZRK) Stock
Bank of the Ozarks Inc. (NASDAQ:OZRK) EVP Timothy D. Hicks sold 3,000 shares of the business’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $46.84, for a total value of $140,520.00. Following the transaction, the executive vice president now owns 22,740 shares of the company’s stock, valued at approximately $1,065,141.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Bank of the Ozarks Inc. (NASDAQ:OZRK) opened at 45.33 on Thursday. The stock has a 50 day moving average price of $38.93 and a 200 day moving average price of $38.12. The company has a market capitalization of $5.49 billion, a price-to-earnings ratio of 18.72 and a beta of 1.26. Bank of the Ozarks Inc. has a 52-week low of $33.51 and a 52-week high of $54.90.
Bank of the Ozarks (NASDAQ:OZRK) last posted its quarterly earnings results on Tuesday, October 11th. The financial services provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.60 by $0.06. Bank of the Ozarks had a return on equity of 12.83% and a net margin of 35.19%. During the same period in the previous year, the firm earned $0.54 earnings per share. On average, equities analysts expect that Bank of the Ozarks Inc. will post $2.52 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 21st. Shareholders of record on Friday, October 14th were paid a dividend of $0.165 per share. This is a boost from Bank of the Ozarks’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Wednesday, October 12th. This represents a $0.66 annualized dividend and a yield of 1.46%. Bank of the Ozarks’s dividend payout ratio (DPR) is 27.50%.
A number of large investors have recently bought and sold shares of the company. IFP Advisors Inc raised its position 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 in the last quarter. NN Investment Partners Holdings N.V. raised its position 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 in the last quarter. Bessemer Group Inc. raised its position 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 in the last quarter. Toronto Dominion Bank purchased a new position in Bank of the Ozarks during the second quarter valued at approximately $135,000. Finally, Bank of Montreal Can purchased a new position in Bank of the Ozarks during the second quarter valued at approximately $138,000. 75.44% of the stock is owned by institutional investors.
A number of equities analysts recently issued reports on the company. Rafferty Capital Markets started coverage on Bank of the Ozarks in a report on Friday, September 16th. They set a “buy” rating and a $46.00 price objective for the company. Zacks Investment Research cut Bank of the Ozarks from a “hold” rating to a “sell” rating in a report on Monday, September 19th. Raymond James Financial Inc. upgraded 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 report on Thursday, August 25th. Finally, Wells Fargo & Co. set a $42.00 target price on Bank of the Ozarks and gave the stock a “hold” rating in a report on Wednesday, October 12th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Bank of the Ozarks has a consensus rating of “Buy” and a consensus price target of $46.33.
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.
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