Bank of the Ozarks Inc. (OZRK) Set to Announce Quarterly Earnings on Tuesday
Bank of the Ozarks Inc. (NASDAQ:OZRK) is scheduled to be issuing its Q316 quarterly earnings data on Tuesday, October 11th.
Bank of the Ozarks (NASDAQ:OZRK) last posted its quarterly earnings data on Monday, July 11th. The financial services provider reported $0.60 EPS for the quarter, topping the 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 expect Bank of the Ozarks to post $2.44 EPS for the current fiscal year and $2.99 EPS for the next fiscal year.
Bank of the Ozarks Inc. (NASDAQ:OZRK) opened at 40.13 on Friday. The company has a 50-day moving average of $38.63 and a 200 day moving average of $38.88. The company has a market cap of $4.86 billion, a P/E ratio of 17.69 and a beta of 1.32. Bank of the Ozarks Inc. has a one year low of $33.51 and a one year high of $54.96.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, October 14th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, October 12th. This is a positive change from Bank of the Ozarks’s previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a yield of 1.64%. Bank of the Ozarks’s payout ratio is presently 28.32%.
A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods restated a “buy” rating and set a $46.00 price target on shares of Bank of the Ozarks in a research report on Tuesday, July 12th. Zacks Investment Research lowered shares of Bank of the Ozarks from a “hold” rating to a “sell” rating in a research report on Tuesday, June 14th. Rafferty Capital Markets assumed coverage on shares of Bank of the Ozarks in a research report on Friday, September 16th. They set a “buy” rating and a $46.00 price target on the stock. Raymond James Financial Inc. upgraded shares of Bank of the Ozarks from a “market perform” rating to an “outperform” rating and set a $51.00 price target on the stock in a research report on Thursday, August 25th. Finally, Wells Fargo & Co. assumed coverage on shares of Bank of the Ozarks in a research report on Thursday, June 23rd. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $47.20.
In other news, Director Walter J. Mullen III bought 1,130 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The shares were bought at an average cost of $35.28 per share, for a total transaction of $39,866.40. Following the acquisition, the director now directly owns 2,650 shares of the company’s stock, valued at approximately $93,492. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Walter J. Mullen III bought 1,120 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was purchased at an average price of $37.14 per share, for a total transaction of $41,596.80. Following the completion of the acquisition, the director now directly owns 3,775 shares in the company, valued at $140,203.50. The disclosure for this purchase can be found here. 8.70% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of OZRK. Mawer Investment Management Ltd. purchased a new position in Bank of the Ozarks during the second quarter valued at $14,911,000. Toronto Dominion Bank purchased a new position in Bank of the Ozarks during the second quarter valued at $135,000. Panagora Asset Management Inc. raised its position in Bank of the Ozarks by 1.8% in the second quarter. Panagora Asset Management Inc. now owns 35,655 shares of the financial services provider’s stock valued at $1,338,000 after buying an additional 616 shares during the last quarter. A.R.T. Advisors LLC purchased a new position in Bank of the Ozarks during the second quarter valued at $2,034,000. Finally, Barclays PLC raised its position in Bank of the Ozarks by 1,378.0% in the second quarter. Barclays PLC now owns 12,740 shares of the financial services provider’s stock valued at $478,000 after buying an additional 11,878 shares during the last quarter. 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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