Somewhat Positive Media Coverage Somewhat Unlikely to Impact Bank of the Ozarks (OZRK) Share Price
News articles about Bank of the Ozarks (NASDAQ:OZRK) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Bank of the Ozarks earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 41 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- Bank of the Ozarks (OZRK) Receives Average Rating of “Buy” from Analysts (americanbankingnews.com)
- Bank of the Ozarks (OZRK) Downgraded to “Sell” at BidaskClub (americanbankingnews.com)
- Bank Of The Ozarks Inc (OZRK) EPS Estimated At $0.74 – WeeklyHub (weeklyhub.com)
- Bank of the Ozarks, Inc. breached its 50 day moving average in a Bearish Manner : OZRK-US : June 22, 2017 (finance.yahoo.com)
- Stephens Reiterates Buy Rating for Bank of the Ozarks (OZRK) (americanbankingnews.com)
A number of equities analysts recently weighed in on the company. Brean Capital set a $59.00 price target on Bank of the Ozarks and gave the stock a “buy” rating in a research note on Saturday, June 3rd. Stephens reissued a “buy” rating and issued a $64.00 price target on shares of Bank of the Ozarks in a research note on Thursday. BidaskClub cut Bank of the Ozarks from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Investment Research cut Bank of the Ozarks from a “buy” rating to a “hold” rating in a research note on Thursday, April 13th. Finally, Keefe, Bruyette & Woods set a $56.00 price target on Bank of the Ozarks and gave the stock a “buy” rating in a research note on Monday, April 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $53.88.
Shares of Bank of the Ozarks (OZRK) traded up 1.08% during midday trading on Monday, hitting $45.93. The stock had a trading volume of 443,459 shares. Bank of the Ozarks has a one year low of $33.51 and a one year high of $56.86. The company has a market capitalization of $5.58 billion, a PE ratio of 16.81 and a beta of 1.53. The firm’s 50-day moving average is $47.01 and its 200 day moving average is $51.15.
Bank of the Ozarks (NASDAQ:OZRK) last posted its quarterly earnings data on Tuesday, April 11th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.01. Bank of the Ozarks had a return on equity of 12.33% and a net margin of 35.50%. The business had revenue of $219.83 million during the quarter, compared to the consensus estimate of $225.45 million. During the same period last year, the company earned $0.57 earnings per share. Equities analysts expect that Bank of the Ozarks will post $3.00 earnings per share for the current fiscal year.
In related news, Director Paula H. Cholmondeley purchased 1,214 shares of Bank of the Ozarks stock in a transaction that occurred on Thursday, April 20th. The stock was purchased at an average cost of $49.36 per share, with a total value of $59,923.04. Following the completion of the transaction, the director now owns 6,227 shares of the company’s stock, valued at approximately $307,364.72. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Peter C. Kenny sold 1,034 shares of the stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $46.00, for a total value of $47,564.00. Following the transaction, the director now directly owns 8,600 shares of the company’s stock, valued at $395,600. The disclosure for this sale can be found here. Insiders have sold 22,760 shares of company stock valued at $1,078,619 over the last three months. Insiders own 6.70% of the company’s stock.
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 provides a range of retail and commercial banking services. Its deposit services include checking, savings, money market, time deposit and individual retirement accounts.
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