Zacks Investment Research upgraded shares of Bank of the Ozarks (NASDAQ:OZRK) from a sell rating to a hold rating in a research note released on Tuesday morning.

According to Zacks, “Shares of Bank of the Ozarks have underperformed the industry over the last three months. Yet, the company has an impressive earnings surprise history. It has surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. Consistent growth in loans and deposits, easing margin pressure and impressive expansion strategy will aid profitability. Improving asset quality will support growth, while regular enhanced capital deployments reflect strong balance sheet. However, as the company continues to expand through de novo branching strategy and also inorganically, operating expenses are expected to remain high in the quarters ahead. Further, the company’s substantial exposure to real estate loans remains a concern, which might hurt its financials.”

OZRK has been the subject of several other research reports. Stephens set a $64.00 price objective on shares of Bank of the Ozarks and gave the company a buy rating in a research note on Thursday, June 22nd. BidaskClub cut shares of Bank of the Ozarks from a sell rating to a strong sell rating in a research note on Thursday, July 27th. Morgan Stanley assumed coverage on shares of Bank of the Ozarks in a research note on Wednesday, August 2nd. They issued an overweight rating and a $54.00 price objective for the company. Brean Capital reiterated a buy rating and issued a $59.00 price objective on shares of Bank of the Ozarks in a research note on Friday, July 14th. Finally, Keefe, Bruyette & Woods set a $56.00 price objective on shares of Bank of the Ozarks and gave the company a buy rating in a research note on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Bank of the Ozarks currently has a consensus rating of Hold and an average price target of $52.57.

Bank of the Ozarks (OZRK) traded down 0.64% on Tuesday, hitting $48.11. 709,715 shares of the company traded hands. The stock’s 50-day moving average is $44.01 and its 200 day moving average is $46.43. The stock has a market cap of $6.17 billion, a PE ratio of 16.92 and a beta of 1.54. Bank of the Ozarks has a 12 month low of $35.53 and a 12 month high of $56.86.

Bank of the Ozarks (NASDAQ:OZRK) last announced its quarterly earnings data on Wednesday, July 12th. The financial services provider reported $0.73 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.73. Bank of the Ozarks had a net margin of 46.15% and a return on equity of 11.75%. The firm had revenue of $237.30 million during the quarter, compared to analysts’ expectations of $232.85 million. During the same quarter last year, the business earned $0.60 earnings per share. The business’s revenue for the quarter was up 64.8% compared to the same quarter last year. Equities research analysts expect that Bank of the Ozarks will post $2.97 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 13th will be given a dividend of $0.185 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.74 dividend on an annualized basis and a yield of 1.54%. This is a boost from Bank of the Ozarks’s previous quarterly dividend of $0.18. Bank of the Ozarks’s payout ratio is presently 25.35%.

Institutional investors and hedge funds have recently made changes to their positions in the business. First Midwest Bank Trust Division raised its position in Bank of the Ozarks by 0.4% during the second quarter. First Midwest Bank Trust Division now owns 33,502 shares of the financial services provider’s stock worth $1,570,000 after acquiring an additional 143 shares during the last quarter. Bellwether Investment Group LLC raised its position in Bank of the Ozarks by 0.4% during the first quarter. Bellwether Investment Group LLC now owns 5,162 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 22 shares during the last quarter. American Century Companies Inc. raised its position in Bank of the Ozarks by 15.0% during the second quarter. American Century Companies Inc. now owns 1,155,532 shares of the financial services provider’s stock worth $54,160,000 after acquiring an additional 150,562 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Bank of the Ozarks by 4.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 527,393 shares of the financial services provider’s stock worth $27,430,000 after acquiring an additional 23,322 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Bank of the Ozarks by 144.6% during the second quarter. Principal Financial Group Inc. now owns 3,138,880 shares of the financial services provider’s stock worth $147,117,000 after acquiring an additional 1,855,697 shares during the last quarter. Institutional investors own 86.70% of the company’s stock.

Bank of the Ozarks Company Profile

Bank of the Ozarks, Inc is a state chartered bank that provides retail and commercial banking services. Its deposit services include checking, savings, money market, time deposit and individual retirement accounts. Its loan services include various types of real estate, consumer, commercial, industrial and agricultural loans and various leasing services.

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

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