Bank of the Ozarks Inc. (NASDAQ:OZRK) shares gapped down before the market opened on Monday . The stock had previously closed at $36.58, but opened at $36.68. Bank of the Ozarks shares last traded at $37.05, with a volume of 664,375 shares changing hands.

A number of brokerages have issued reports on OZRK. Zacks Investment Research raised Bank of the Ozarks from a “sell” rating to a “hold” rating in a report on Wednesday, July 13th. Keefe, Bruyette & Woods raised Bank of the Ozarks from a “market perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a report on Friday, May 13th. Piper Jaffray Cos. raised Bank of the Ozarks from a “neutral” rating to an “overweight” rating and set a $46.00 price objective for the company in a report on Friday, May 6th. FIG Partners raised Bank of the Ozarks from a “market perform” rating to an “outperform” rating in a report on Monday, May 9th. Finally, Wells Fargo & Co. began coverage on Bank of the Ozarks in a report on Thursday, June 23rd. They set a “market perform” rating for the company. Two 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’s stock. The company has a consensus rating of “Buy” and an average target price of $47.60.

The firm’s 50 day moving average price is $37.16 and its 200 day moving average price is $39.56. The firm has a market capitalization of $3.34 billion and a P/E ratio of 16.23.

Bank of the Ozarks (NASDAQ:OZRK) last issued its quarterly earnings data on Monday, July 11th. The financial services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. During the same period last year, the business earned $0.51 earnings per share. Equities research analysts predict that Bank of the Ozarks Inc. will post $2.44 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 22nd. Shareholders of record on Friday, July 15th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.74%. This is a boost 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 news, Director Richard L. Cisne acquired 4,100 shares of the firm’s stock in a transaction on Tuesday, May 31st. The shares were purchased 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 in the company, valued at approximately $3,233,159.70. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John B. Reynolds acquired 3,000 shares of the firm’s stock in a transaction on Friday, May 20th. The stock was purchased at an average cost of $37.55 per share, for a total transaction of $112,650.00. Following the completion of the acquisition, the director now owns 22,604 shares in the company, valued at $848,780.20. The disclosure for this purchase can be found here.

A number of hedge funds and institutional investors have recently modified their holdings of the stock. 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 worth $75,428,000 after buying an additional 19,482 shares in the last quarter. 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 worth $1,074,000 after buying an additional 9,370 shares in the last quarter. 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 worth $1,622,000 after buying an additional 16,000 shares in the last quarter. 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 worth $13,723,000 after buying an additional 155,540 shares in the last quarter. Finally, Suntrust Banks Inc. purchased 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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