Bank of the Ozarks Inc. (NASDAQ:OZRK)’s share price gapped up before the market opened on Friday . The stock had previously closed at $35.21, but opened at $35.42. Bank of the Ozarks shares last traded at $36.47, with a volume of 1,339,481 shares.

Several brokerages have recently weighed in on OZRK. Zacks Investment Research raised shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th. Keefe, Bruyette & Woods raised shares of Bank of the Ozarks from a “market perform” rating to an “outperform” rating and set a $48.00 price target for the company in a research note on Friday, May 13th. Piper Jaffray Cos. raised shares of Bank of the Ozarks from a “neutral” rating to an “overweight” rating and set a $46.00 price target for the company in a research note on Friday, May 6th. FIG Partners raised shares of 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. began coverage on shares of Bank of the Ozarks in a research note on Thursday, June 23rd. They set a “market perform” rating for the company. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Bank of the Ozarks currently has a consensus rating of “Buy” and a consensus price target of $47.60.

The stock has a market capitalization of $3.33 billion and a price-to-earnings ratio of 16.17. The firm’s 50-day moving average is $37.16 and its 200-day moving average is $39.69.

Bank of the Ozarks (NASDAQ:OZRK) last announced its earnings results on Monday, July 11th. The financial services provider reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.01. During the same period in the prior year, the firm earned $0.51 earnings per share. Equities analysts anticipate that Bank of the Ozarks Inc. will post $2.44 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 22nd. Shareholders of record on Friday, July 15th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.74%. This is a positive change from Bank of the Ozarks’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Wednesday, July 13th.

In other Bank of the Ozarks news, insider Dan Thomas purchased 6,000 shares of the company’s stock in a transaction on Friday, May 20th. The shares were purchased at an average cost of $37.50 per share, with a total value of $225,000.00. Following the completion of the purchase, the insider now owns 107,307 shares in the company, valued at $4,024,012.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John B. Reynolds purchased 3,000 shares of the company’s stock in a transaction on Friday, May 20th. The stock was acquired at an average cost of $37.55 per share, for a total transaction of $112,650.00. Following the completion of the purchase, the director now owns 22,604 shares of the company’s stock, valued at approximately $848,780.20. The disclosure for this purchase can be found here.

Other institutional investors have modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of Bank of the Ozarks by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,524,991 shares of the financial services provider’s stock valued at $75,428,000 after buying an additional 19,482 shares during the period. US Bancorp DE raised its position 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 valued at $1,074,000 after buying an additional 9,370 shares during the period. Alpine Woods Capital Investors LLC raised its position in shares of Bank of the Ozarks by 95.2% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 32,800 shares of the financial services provider’s stock valued at $1,622,000 after buying an additional 16,000 shares during the period. Eaton Vance Management raised its position in shares of Bank of the Ozarks by 127.6% in the fourth quarter. Eaton Vance Management now owns 277,465 shares of the financial services provider’s stock valued at $13,723,000 after buying an additional 155,540 shares during the period. Finally, Suntrust Banks Inc. acquired a new position in shares of Bank of the Ozarks during the fourth quarter valued at about $1,254,000.

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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