Rafferty Capital Markets initiated coverage on shares of Bank of the Ozarks Inc. (NASDAQ:OZRK) in a research note published on Friday morning. The firm issued a buy rating and a $46.00 price objective on the financial services provider’s stock.

Analyst Recommendations for Bank of the Ozarks (NASDAQ:OZRK)

A number of other research firms also recently issued reports 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 reaffirmed a buy rating and set a $46.00 target price on shares of Bank of the Ozarks in a research note on Tuesday, July 12th. Raymond James Financial Inc. raised shares of Bank of the Ozarks from a market perform rating to an outperform rating and set a $51.00 target price on the stock in a research note on Thursday, August 25th. Finally, Wells Fargo & Co. assumed coverage on shares of Bank of the Ozarks in a research note on Thursday, June 23rd. They set a market perform rating on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $47.20.

Shares of Bank of the Ozarks (NASDAQ:OZRK) opened at 38.35 on Friday. The stock’s 50 day moving average is $38.09 and its 200 day moving average is $39.15. The firm has a market capitalization of $4.64 billion, a P/E ratio of 16.90 and a beta of 1.31. Bank of the Ozarks has a 1-year low of $33.51 and a 1-year high of $54.96.

Bank of the Ozarks (NASDAQ:OZRK) last released its quarterly earnings results on Monday, July 11th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. Bank of the Ozarks had a net margin of 35.99% and a return on equity of 13.95%. During the same period in the prior year, the business posted $0.51 EPS. Equities analysts predict that Bank of the Ozarks will post $2.44 earnings per share for the current year.

In other news, Director Walter J. Mullen III acquired 1,120 shares of the company’s stock in a transaction on Wednesday, August 10th. The shares were bought at an average cost of $37.14 per share, with a total value of $41,596.80. Following the transaction, the director now owns 3,775 shares in the company, valued at approximately $140,203.50. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Walter J. Mullen III acquired 1,130 shares of the company’s stock in a transaction on Tuesday, August 2nd. The stock was purchased at an average cost of $35.28 per share, for a total transaction of $39,866.40. Following the completion of the transaction, the director now owns 2,650 shares in the company, valued at approximately $93,492. The disclosure for this purchase can be found here. 8.70% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC increased its stake in shares of Bank of the Ozarks by 158.5% in the first quarter. Renaissance Technologies LLC now owns 639,340 shares of the financial services provider’s stock worth $26,833,000 after buying an additional 392,023 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its position in shares of Bank of the Ozarks by 2.7% in the first quarter. Silvercrest Asset Management Group LLC now owns 1,174,231 shares of the financial services provider’s stock valued at $49,282,000 after buying an additional 31,225 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of Bank of the Ozarks during the first quarter valued at about $950,000. Wellington Management Group LLP boosted its position in shares of Bank of the Ozarks by 19.6% in the first quarter. Wellington Management Group LLP now owns 3,170,393 shares of the financial services provider’s stock valued at $133,061,000 after buying an additional 518,912 shares during the last quarter. Finally, BlackRock Group LTD boosted its position in shares of Bank of the Ozarks by 25.5% in the first quarter. BlackRock Group LTD now owns 50,303 shares of the financial services provider’s stock valued at $2,111,000 after buying an additional 10,223 shares during the last quarter. 71.41% of the stock is currently owned by institutional investors.

About Bank of the Ozarks

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.

5 Day Chart for NASDAQ:OZRK

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