Zacks Investment Research lowered shares of Bank of the Ozarks Inc. (NASDAQ:OZRK) from a hold rating to a sell rating in a research report sent to investors on Monday.

According to Zacks, “Bank of the Ozarks’ operating expenses continue to rise as the company expands its footprints organically as well as through acquisitions. Further, increased exposure to risky real estate loans continues to pose a major concern as any further deterioration in the real estate prices will pose a threat to the company’s financials. In addition, low interest rate environment is expected to continue exerting pressure on net interest margin in the near term. Nonetheless, the company’s inorganic growth strategy should continue to help in revenue improvement. Also, consistent improvement in loans and deposits, and credit quality will likely help the company strengthen its financials.”

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

A number of other brokerages have also issued reports on OZRK. Keefe, Bruyette & Woods restated a buy rating and issued a $46.00 target price on shares of Bank of the Ozarks in a research note on Tuesday, July 12th. Wells Fargo & Co. initiated coverage on Bank of the Ozarks in a research note on Thursday, June 23rd. They issued a market perform rating for the company. Raymond James Financial Inc. upgraded Bank of the Ozarks from a market perform rating to an outperform rating and set a $51.00 target price for the company in a research note on Thursday, August 25th. Finally, Rafferty Capital Markets initiated coverage on Bank of the Ozarks in a research note on Friday, September 16th. They issued a buy rating and a $46.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $47.20.

Shares of Bank of the Ozarks (NASDAQ:OZRK) opened at 37.57 on Monday. Bank of the Ozarks has a 52-week low of $33.51 and a 52-week high of $54.96. The company has a 50 day moving average price of $38.15 and a 200-day moving average price of $39.14. The stock has a market capitalization of $4.55 billion, a P/E ratio of 16.56 and a beta of 1.31.

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

In other Bank of the Ozarks news, Director Walter J. Mullen III purchased 1,130 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was purchased at an average price of $35.28 per share, for a total transaction of $39,866.40. Following the purchase, the director now directly owns 2,650 shares in the company, valued at $93,492. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Walter J. Mullen III purchased 1,120 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The stock was acquired at an average price of $37.14 per share, with a total value of $41,596.80. Following the purchase, the director now owns 3,775 shares in the company, valued at $140,203.50. The disclosure for this purchase can be found here. Company insiders own 8.70% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Eqis Capital Management Inc. raised its position in shares of Bank of the Ozarks by 1.0% in the second quarter. Eqis Capital Management Inc. now owns 11,573 shares of the financial services provider’s stock valued at $434,000 after buying an additional 119 shares in the last quarter. State Treasurer State of Michigan boosted its stake in Bank of the Ozarks by 0.6% in the second quarter. State Treasurer State of Michigan now owns 32,800 shares of the financial services provider’s stock valued at $1,231,000 after buying an additional 200 shares during the last quarter. Insight Capital Research & Management Inc. boosted its stake in Bank of the Ozarks by 0.4% in the first quarter. Insight Capital Research & Management Inc. now owns 65,230 shares of the financial services provider’s stock valued at $2,738,000 after buying an additional 239 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in Bank of the Ozarks by 0.7% in the second quarter. Nuveen Asset Management LLC now owns 38,532 shares of the financial services provider’s stock valued at $1,446,000 after buying an additional 281 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. boosted its stake in Bank of the Ozarks by 10.0% in the second quarter. NN Investment Partners Holdings N.V. now owns 3,300 shares of the financial services provider’s stock valued at $124,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 71.41% of the company’s stock.

Bank of the Ozarks Company Profile

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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