Bank of the Ozarks (NASDAQ:OZRK) – Research analysts at SunTrust Banks lowered their Q4 2018 EPS estimates for Bank of the Ozarks in a report released on Wednesday. SunTrust Banks analyst J. Demba now expects that the financial services provider will post earnings per share of $0.87 for the quarter, down from their previous forecast of $0.98. SunTrust Banks has a “Hold” rating and a $50.00 price target on the stock.
A number of other brokerages have also commented on OZRK. Piper Jaffray Companies restated an “overweight” rating and issued a $55.00 price target on shares of Bank of the Ozarks in a report on Thursday, October 5th. Zacks Investment Research upgraded Bank of the Ozarks from a “sell” rating to a “hold” rating in a report on Monday, August 28th. BidaskClub lowered Bank of the Ozarks from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. ValuEngine lowered Bank of the Ozarks from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Brean Capital restated a “buy” rating on shares of Bank of the Ozarks in a report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $54.13.
Shares of Bank of the Ozarks (OZRK) traded down 0.40% on Monday, hitting $45.22. The stock had a trading volume of 411,246 shares. The firm’s 50 day moving average is $44.98 and its 200-day moving average is $46.22. Bank of the Ozarks has a one year low of $35.53 and a one year high of $56.86. The stock has a market capitalization of $5.80 billion, a PE ratio of 15.42 and a beta of 1.53.
Bank of the Ozarks (NASDAQ:OZRK) last issued its earnings results on Wednesday, October 11th. The financial services provider reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.01. The company had revenue of $242.47 million for the quarter, compared to analyst estimates of $243.67 million. Bank of the Ozarks had a return on equity of 11.85% and a net margin of 65.67%. During the same period in the prior year, the firm posted $0.66 EPS.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 13th will be issued a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 1.63%. The ex-dividend date is Thursday, October 12th. This is a positive change from Bank of the Ozarks’s previous quarterly dividend of $0.18. Bank of the Ozarks’s dividend payout ratio is presently 25.26%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Exane Derivatives acquired a new position in Bank of the Ozarks during the second quarter worth approximately $119,000. V Wealth Management LLC acquired a new position in Bank of the Ozarks during the second quarter worth approximately $174,000. BB&T Investment Services Inc. acquired a new position in Bank of the Ozarks during the second quarter worth approximately $190,000. Opus Capital Group LLC acquired a new position in Bank of the Ozarks during the second quarter worth approximately $203,000. Finally, Cigna Investments Inc. New acquired a new position in Bank of the Ozarks during the second quarter worth approximately $221,000. Institutional investors and hedge funds own 86.43% of the company’s stock.
Bank of the Ozarks Company Profile
Bank of the Ozarks, Inc is a state chartered bank that provides retail and commercial banking services. Its deposit services include checking, savings, money market, time deposit and individual retirement accounts. Its loan services include various types of real estate, consumer, commercial, industrial and agricultural loans and various leasing services.
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