Bank Of The Ozarks (NASDAQ:OZRK) Now Covered by Barclays

Barclays assumed coverage on shares of Bank Of The Ozarks (NASDAQ:OZRK) in a report published on Wednesday, January 3rd, Marketbeat Ratings reports. The firm issued an overweight rating and a $60.00 price objective on the financial services provider’s stock.

A number of other equities research analysts have also recently commented on OZRK. Zacks Investment Research upgraded Bank Of The Ozarks from a hold rating to a buy rating and set a $55.00 target price on the stock in a report on Tuesday, December 26th. Brean Capital reiterated a buy rating and set a $65.00 target price on shares of Bank Of The Ozarks in a report on Tuesday, January 2nd. Piper Jaffray Companies reiterated an overweight rating and set a $55.00 target price on shares of Bank Of The Ozarks in a report on Thursday, October 5th. Morgan Stanley reiterated an overweight rating and set a $54.00 target price on shares of Bank Of The Ozarks in a report on Thursday, December 14th. Finally, SunTrust Banks reiterated a hold rating and set a $50.00 target price on shares of Bank Of The Ozarks in a report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $55.56.

Bank Of The Ozarks (OZRK) traded up $1.61 on Wednesday, hitting $52.50. The company had a trading volume of 2,765,300 shares, compared to its average volume of 1,335,950. The firm has a market cap of $6,730.00, a PE ratio of 19.37, a P/E/G ratio of 1.22 and a beta of 1.50. Bank Of The Ozarks has a 1-year low of $40.15 and a 1-year high of $56.86.

Bank Of The Ozarks (NASDAQ:OZRK) last released its quarterly earnings results on Wednesday, October 11th. The financial services provider reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.01. The business had revenue of $242.47 million for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the firm posted $0.66 EPS. equities research analysts forecast that Bank Of The Ozarks will post 2.95 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 19th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Thursday, January 18th. This is a positive change from Bank Of The Ozarks’s previous quarterly dividend of $0.19. Bank Of The Ozarks’s dividend payout ratio is currently 27.31%.

Several institutional investors have recently modified their holdings of the business. Lathrop Investment Management Corp lifted its stake in shares of Bank Of The Ozarks by 44.1% during the 4th quarter. Lathrop Investment Management Corp now owns 10,878 shares of the financial services provider’s stock worth $527,000 after purchasing an additional 3,328 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Bank Of The Ozarks in the 3rd quarter worth $2,575,000. Sterling Capital Management LLC raised its position in shares of Bank Of The Ozarks by 48.1% in the 3rd quarter. Sterling Capital Management LLC now owns 53,665 shares of the financial services provider’s stock worth $2,579,000 after buying an additional 17,420 shares during the period. First Heartland Consultants Inc. raised its position in shares of Bank Of The Ozarks by 19.3% in the 3rd quarter. First Heartland Consultants Inc. now owns 8,724 shares of the financial services provider’s stock worth $419,000 after buying an additional 1,413 shares during the period. Finally, Colony Group LLC raised its position in shares of Bank Of The Ozarks by 12.3% in the 3rd quarter. Colony Group LLC now owns 46,502 shares of the financial services provider’s stock worth $2,234,000 after buying an additional 5,103 shares during the period. 84.97% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Bank Of The Ozarks (NASDAQ:OZRK)

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