Bank of the Ozarks (NASDAQ:OZRK)‘s stock had its “overweight” rating reissued by Morgan Stanley in a research report issued on Thursday. They presently have a $54.00 target price on the financial services provider’s stock. Morgan Stanley’s target price points to a potential upside of 16.10% from the stock’s previous close.
Several other research firms have also commented on OZRK. Zacks Investment Research upgraded Bank of the Ozarks from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Piper Jaffray Companies reiterated an “overweight” rating and set a $55.00 target price on shares of Bank of the Ozarks in a research report on Thursday, October 5th. Brean Capital reiterated a “buy” rating on shares of Bank of the Ozarks in a research report on Wednesday, December 6th. SunTrust Banks reiterated a “hold” rating and set a $50.00 target price on shares of Bank of the Ozarks in a research report on Thursday, October 12th. Finally, Raymond James Financial decreased their target price on Bank of the Ozarks from $59.00 to $57.00 and set an “outperform” rating on the stock in a research report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $54.14.
Shares of Bank of the Ozarks (NASDAQ OZRK) traded up $0.38 during midday trading on Thursday, reaching $46.51. The company had a trading volume of 1,508,000 shares, compared to its average volume of 1,204,810. The company has a current ratio of 0.93, a quick ratio of 0.99 and a debt-to-equity ratio of 0.07. Bank of the Ozarks has a 52-week low of $40.15 and a 52-week high of $56.86. The stock has a market capitalization of $5,959.22, a price-to-earnings ratio of 15.74, a P/E/G ratio of 1.30 and a beta of 1.49.
Bank of the Ozarks (NASDAQ:OZRK) last released its quarterly earnings data on Wednesday, October 11th. The financial services provider reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.01. Bank of the Ozarks had a return on equity of 11.85% and a net margin of 65.67%. The business had revenue of $242.47 million for the quarter, compared to analyst estimates of $243.67 million. During the same quarter in the prior year, the firm posted $0.66 EPS. sell-side analysts anticipate that Bank of the Ozarks will post 2.95 earnings per share for the current year.
Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Bank of the Ozarks by 8.6% in the 2nd quarter. Vanguard Group Inc. now owns 10,724,158 shares of the financial services provider’s stock valued at $502,641,000 after purchasing an additional 852,398 shares during the last quarter. BlackRock Inc. increased its stake in shares of Bank of the Ozarks by 4.8% in the 2nd quarter. BlackRock Inc. now owns 10,457,898 shares of the financial services provider’s stock worth $490,162,000 after acquiring an additional 480,415 shares during the last quarter. State Street Corp increased its stake in shares of Bank of the Ozarks by 6.3% in the 2nd quarter. State Street Corp now owns 6,091,667 shares of the financial services provider’s stock worth $285,516,000 after acquiring an additional 363,391 shares during the last quarter. FMR LLC increased its stake in shares of Bank of the Ozarks by 4.1% in the 2nd quarter. FMR LLC now owns 5,010,828 shares of the financial services provider’s stock worth $234,858,000 after acquiring an additional 197,825 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Bank of the Ozarks by 23.3% in the 3rd quarter. Principal Financial Group Inc. now owns 3,870,471 shares of the financial services provider’s stock worth $185,976,000 after acquiring an additional 731,591 shares during the last quarter. Hedge funds and other institutional investors own 86.28% of the company’s stock.
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About Bank of the Ozarks
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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