Bank of the Ozarks Inc. (NASDAQ:OZRK) gapped up before the market opened on Monday . The stock had previously closed at $37.12, but opened at $37.28. Bank of the Ozarks shares last traded at $38.06, with a volume of 489,273 shares.

OZRK has been the topic of several recent research reports. Piper Jaffray Cos. raised shares of Bank of the Ozarks from a “neutral” rating to an “overweight” rating and set a $46.00 target price on the stock 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 report on Monday, May 9th. 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 objective on the stock in a research report on Friday, May 13th. Zacks Investment Research downgraded shares of Bank of the Ozarks from a “hold” rating to a “sell” rating in a research report on Tuesday, June 14th. Finally, Wells Fargo & Co. began coverage on shares of Bank of the Ozarks in a research report on Thursday, June 23rd. They issued a “market perform” rating on the stock. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $47.60.

The company’s 50-day moving average price is $37.15 and its 200-day moving average price is $39.37. The company has a market cap of $4.59 billion and a PE ratio of 16.72.

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

The business also recently announced a quarterly dividend, which was paid on Friday, July 22nd. Investors of record on Friday, July 15th were given a $0.16 dividend. The ex-dividend date of this dividend was 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 annualized dividend and a dividend yield of 1.69%.

In related news, insider Dan Thomas bought 6,000 shares of the firm’s stock in a transaction that occurred on Friday, May 20th. The shares were acquired at an average cost of $37.50 per share, with a total value of $225,000.00. Following the completion of the transaction, the insider now owns 107,307 shares of the company’s stock, valued at $4,024,012.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Walter J. Mullen III bought 1,120 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The stock was bought at an average cost of $37.14 per share, for a total transaction of $41,596.80. Following the completion of the transaction, the director now directly owns 3,775 shares of the company’s stock, valued at approximately $140,203.50. The disclosure for this purchase can be found here.

Other large investors recently added to or reduced their stakes in the company. US Bancorp DE boosted its stake in 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 in the last quarter. Suntrust Banks Inc. acquired a new position in shares of Bank of the Ozarks during the fourth quarter worth $1,254,000. 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 period. Principal Financial Group Inc. boosted its position in shares of Bank of the Ozarks by 6.6% in the fourth quarter. Principal Financial Group Inc. now owns 254,476 shares of the financial services provider’s stock worth $12,586,000 after buying an additional 15,804 shares during the period. Finally, Morgan Stanley boosted its position in shares of Bank of the Ozarks by 87.4% in the fourth quarter. Morgan Stanley now owns 315,713 shares of the financial services provider’s stock worth $15,615,000 after buying an additional 147,279 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 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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