Shares of Bank of the Ozarks Inc. (NASDAQ:OZRK) 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.

A number of analysts recently issued reports on OZRK shares. Wells Fargo & Co. started coverage on shares of Bank of the Ozarks in a report on Thursday, June 23rd. They set a “market perform” rating on the stock. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $46.00 price target (down from $48.00) on shares of Bank of the Ozarks in a report on Friday, June 24th. FIG Partners raised shares of Bank of the Ozarks from a “market perform” rating to an “outperform” rating in a report on Monday, May 9th. Zacks Investment Research downgraded shares of Bank of the Ozarks from a “hold” rating to a “sell” rating in a report on Tuesday, June 21st. Finally, 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 on the stock in a report on Friday, May 6th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Bank of the Ozarks presently has an average rating of “Buy” and an average target price of $47.60.

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

Bank of the Ozarks (NASDAQ:OZRK) last released its quarterly earnings data on Monday, July 11th. The financial services provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. During the same quarter last year, the firm posted $0.51 EPS. On average, analysts predict that Bank of the Ozarks Inc. will post $2.44 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 22nd. Shareholders of record on Friday, July 15th were issued a dividend of $0.16 per share. The ex-dividend date was Wednesday, July 13th. This is an increase 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 1.74%.

In other Bank of the Ozarks news, Director Richard L. Cisne bought 4,100 shares of the business’s stock in a transaction dated Tuesday, May 31st. The shares were acquired at an average cost of $39.14 per share, with a total value of $160,474.00. Following the acquisition, the director now directly owns 82,605 shares of the company’s stock, valued at approximately $3,233,159.70. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Dan Thomas bought 6,000 shares of the business’s stock in a transaction dated Friday, May 20th. The stock was acquired at an average cost of $37.50 per share, for a total transaction of $225,000.00. Following the completion of the acquisition, the insider now directly owns 107,307 shares in the company, valued at $4,024,012.50. The disclosure for this purchase can be found here.

Other institutional investors have made changes to their positions in the company. Dimensional Fund Advisors LP boosted 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 worth $75,428,000 after buying an additional 19,482 shares during the last quarter. US Bancorp DE boosted 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 worth $1,074,000 after buying an additional 9,370 shares during the last quarter. Alpine Woods Capital Investors LLC boosted 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 worth $1,622,000 after buying an additional 16,000 shares during the last quarter. Eaton Vance Management boosted 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 worth $13,723,000 after buying an additional 155,540 shares during the last quarter. Finally, Suntrust Banks Inc. acquired a new position in shares of Bank of the Ozarks during the fourth quarter worth approximately $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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