Bank of the Ozarks Inc. (OZRK) Trading Down 1.7%
Bank of the Ozarks Inc. (NASDAQ:OZRK)’s share price was down 1.7% during mid-day trading on Monday . The company traded as low as $39.41 and last traded at $39.48, with a volume of 779,059 shares traded. The stock had previously closed at $40.15.
A number of equities analysts have issued reports on OZRK shares. Zacks Investment Research cut Bank of the Ozarks from a “hold” rating to a “sell” rating in a report on Tuesday, April 5th. Keefe, Bruyette & Woods dropped their price target on Bank of the Ozarks from $55.00 to $48.00 in a research report on Thursday, April 7th. Wells Fargo & Co. initiated coverage on Bank of the Ozarks in a research report on Thursday, June 23rd. They set a “market perform” rating on the stock. FIG Partners raised Bank of the Ozarks from a “market perform” rating to an “outperform” rating in a research report on Monday, May 9th. Finally, Piper Jaffray Cos. raised Bank of the Ozarks from a “neutral” rating to an “overweight” rating and set a $46.00 price target on the stock in a research report on Friday, May 6th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $47.60.
The stock’s 50 day moving average price is $37.90 and its 200 day moving average price is $40.50. The stock has a market cap of $3.57 billion and a price-to-earnings ratio of 17.35.
Bank of the Ozarks (NASDAQ:OZRK) last issued its earnings results on Monday, July 11th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. During the same period last year, the firm posted $0.51 earnings per share. On average, equities research analysts expect that Bank of the Ozarks Inc. will post $2.42 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 22nd. Shareholders of record on Friday, July 15th will be issued a $0.16 dividend. The ex-dividend date is Wednesday, July 13th. This is a positive change from Bank of the Ozarks’s previous quarterly dividend of $0.16. This represents a $0.64 dividend on an annualized basis and a yield of 1.63%.
In related news, Director Richard L. Cisne purchased 4,100 shares of Bank of the Ozarks stock in a transaction on Tuesday, May 31st. The shares were purchased at an average price of $39.14 per share, for a total transaction of $160,474.00. Following the transaction, the director now owns 82,605 shares of the company’s stock, valued at approximately $3,233,159.70. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Nicholas A. Brown purchased 2,900 shares of Bank of the Ozarks stock in a transaction on Thursday, May 5th. The stock was bought at an average price of $36.86 per share, for a total transaction of $106,894.00. Following the transaction, the director now directly owns 8,089 shares in the company, valued at approximately $298,160.54. The disclosure for this purchase can be found here.
Several large investors recently added to or reduced their stakes in the stock. Mutual of America Capital Management LLC raised its stake in Bank of the Ozarks by 1.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 99,628 shares of the financial services provider’s stock worth $4,928,000 after buying an additional 1,465 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in 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. BOKF NA bought a new stake in Bank of the Ozarks during the fourth quarter worth approximately $1,462,000. Liberty Mutual Group Asset Management Inc. raised its stake in Bank of the Ozarks by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 50,367 shares of the financial services provider’s stock worth $2,492,000 after buying an additional 17,091 shares during the period. Finally, Investors Capital Advisory Services raised its stake in 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.
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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