Stephens Reaffirms “Hold” Rating for Bank Of The Ozarks (OZRK)

Stephens reissued their hold rating on shares of Bank Of The Ozarks (NASDAQ:OZRK) in a report released on Wednesday morning.

OZRK has been the subject of a number of other research reports. Zacks Investment Research raised shares of Bank Of The Ozarks from a sell rating to a hold rating in a research report on Tuesday, October 3rd. Morgan Stanley reaffirmed an overweight rating and issued a $54.00 target price on shares of Bank Of The Ozarks in a research report on Thursday, December 14th. Barclays assumed coverage on shares of Bank Of The Ozarks in a research report on Wednesday, January 3rd. They issued an overweight rating and a $60.00 target price for the company. Raymond James Financial decreased their target price on shares of Bank Of The Ozarks from $59.00 to $57.00 and set an outperform rating for the company in a research report on Thursday, October 12th. Finally, Brean Capital reaffirmed a buy rating and issued a $65.00 target price on shares of Bank Of The Ozarks in a research report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. Bank Of The Ozarks has a consensus rating of Hold and an average price target of $56.00.

Shares of Bank Of The Ozarks (NASDAQ:OZRK) traded up $0.30 during mid-day trading on Wednesday, reaching $51.52. 705,415 shares of the company’s stock were exchanged, compared to its average volume of 1,320,000. Bank Of The Ozarks has a 1 year low of $40.15 and a 1 year high of $56.86. The company has a market capitalization of $6,640.00, a PE ratio of 19.01, a PEG ratio of 1.15 and a beta of 1.50. The company has a current ratio of 0.92, a quick ratio of 0.99 and a debt-to-equity ratio of 0.11.

Bank Of The Ozarks (NASDAQ:OZRK) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $0.75 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.75. Bank Of The Ozarks had a net margin of 35.53% and a return on equity of 11.50%. The company had revenue of $245.04 million for the quarter, compared to analyst estimates of $249.84 million. During the same period last year, the business posted $0.72 earnings per share. analysts forecast that Bank Of The Ozarks will post 3.72 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 19th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Thursday, January 18th. This is an increase from Bank Of The Ozarks’s previous quarterly dividend of $0.19. Bank Of The Ozarks’s dividend payout ratio (DPR) is 28.04%.

Several institutional investors and hedge funds have recently made changes to their positions in OZRK. Epoch Investment Partners Inc. grew its position in shares of Bank Of The Ozarks by 93.2% in the 3rd quarter. Epoch Investment Partners Inc. now owns 3,785,464 shares of the financial services provider’s stock valued at $181,892,000 after acquiring an additional 1,826,476 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Bank Of The Ozarks by 8.6% during the 2nd quarter. Vanguard Group Inc. now owns 10,724,158 shares of the financial services provider’s stock worth $502,641,000 after buying an additional 852,398 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Bank Of The Ozarks by 23.3% during 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 buying an additional 731,591 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Bank Of The Ozarks by 135.8% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 974,224 shares of the financial services provider’s stock worth $46,812,000 after buying an additional 561,118 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of Bank Of The Ozarks by 4.8% during the 2nd quarter. BlackRock Inc. now owns 10,457,898 shares of the financial services provider’s stock worth $490,162,000 after buying an additional 480,415 shares during the period. 86.21% of the stock is 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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