Bank of the Ozarks Inc. (NASDAQ:OZRK) reached a new 52-week low on Wednesday . The stock traded as low as $33.51 and last traded at $34.75, with a volume of 1,585,462 shares traded. The stock had previously closed at $35.14.

OZRK has been the subject of several recent analyst reports. Zacks Investment Research cut Bank of the Ozarks from a “hold” rating to a “sell” rating in a research note on Tuesday, April 5th. Keefe, Bruyette & Woods decreased their target price on Bank of the Ozarks from $55.00 to $48.00 in a research note on Thursday, April 7th. Piper Jaffray Cos. upgraded Bank of the Ozarks from a “neutral” rating to an “overweight” rating and set a $46.00 target price for the company in a research note on Friday, May 6th. FIG Partners upgraded Bank of the Ozarks from a “market perform” rating to an “outperform” rating in a research note on Monday, May 9th. Finally, Wells Fargo & Co. initiated coverage on Bank of the Ozarks in a research note on Thursday, June 23rd. They set a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $47.60.

The stock has a market capitalization of $3.22 billion and a P/E ratio of 16.21. The firm’s 50 day moving average price is $37.64 and its 200 day moving average price is $41.10.

Bank of the Ozarks (NASDAQ:OZRK) last posted its earnings results on Monday, April 11th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. During the same period last year, the business posted $0.47 earnings per share. On average, equities analysts expect that Bank of the Ozarks Inc. will post $2.43 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 22nd. Stockholders of record on Friday, July 15th will be paid a $0.16 dividend. This is an increase from Bank of the Ozarks’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Wednesday, July 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.80%.

In other Bank of the Ozarks news, Director William A. Koefoed acquired 1,000 shares of the stock in a transaction on Thursday, April 28th. The stock was purchased at an average price of $41.78 per share, for a total transaction of $41,780.00. Following the purchase, the director now directly owns 1,589 shares in the company, valued at $66,388.42. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard L. Cisne acquired 4,100 shares of the stock in a transaction on Tuesday, May 31st. The shares were acquired at an average price of $39.14 per share, with a total value of $160,474.00. Following the purchase, the director now owns 82,605 shares in the company, valued at $3,233,159.70. The disclosure for this purchase can be found here.

A number of large investors have modified their holdings of OZRK. Investors Capital Advisory Services raised its stake in shares of Bank of the Ozarks by 3.7% in the fourth quarter. Investors Capital Advisory Services now owns 21,678 shares of the financial services provider’s stock worth $1,071,000 after buying an additional 782 shares during the period. US Bancorp DE raised its stake in shares of Bank of the Ozarks by 76.0% in the fourth quarter. US Bancorp DE now owns 21,704 shares of the financial services provider’s stock worth $1,074,000 after buying an additional 9,370 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Bank of the Ozarks by 4.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,580 shares of the financial services provider’s stock worth $1,166,000 after buying an additional 1,024 shares during the period. Suntrust Banks Inc. acquired a new stake in shares of Bank of the Ozarks during the fourth quarter worth $1,254,000. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Bank of the Ozarks by 4.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 25,539 shares of the financial services provider’s stock worth $1,263,000 after buying an additional 1,039 shares during the period.

Bank of the Ozarks, Inc is a bank holding company. The Company owns an Arkansas state chartered subsidiary bank, Bank of the Ozarks. The Company provides a range of retail and commercial banking services. The Company provides mortgage lending, trust and wealth management services, treasury management services and online and mobile banking services.

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