Bank of the Ozarks (OZRK) Receiving Somewhat Negative Media Coverage, Analysis Shows
Media coverage about Bank of the Ozarks (NASDAQ:OZRK) has trended somewhat negative on Monday, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Bank of the Ozarks earned a daily sentiment score of -0.08 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 53 out of 100, meaning that recent news coverage is somewhat likely to have an impact on the company’s share price in the next few days.
These are some of the news headlines that may have effected Accern’s scoring:
- Bank Stock Roundup: Wells Fargo Restructures Business, OZRK Q2 Earnings In Line – Nasdaq (nasdaq.com)
- Bank of the Ozarks (NASDAQ:OZRK) Short Interest Update (americanbankingnews.com)
- Bank of the Ozarks to Post Q3 2017 Earnings of $0.76 Per Share, SunTrust Banks Forecasts (OZRK) (americanbankingnews.com)
- Bank of the Ozarks to Post Q2 2017 Earnings of $0.73 Per Share, FIG Partners Forecasts (OZRK) (americanbankingnews.com)
- Brean Capital Reiterates Buy Rating for Bank of the Ozarks (OZRK) (americanbankingnews.com)
OZRK has been the subject of a number of research reports. Keefe, Bruyette & Woods set a $56.00 target price on shares of Bank of the Ozarks and gave the stock a “buy” rating in a research note on Monday, April 3rd. Brean Capital restated a “buy” rating and set a $59.00 target price on shares of Bank of the Ozarks in a research note on Friday. Stephens set a $64.00 target price on shares of Bank of the Ozarks and gave the stock a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research cut shares of Bank of the Ozarks from a “buy” rating to a “hold” rating in a research note on Thursday, April 13th. Finally, BidaskClub upgraded shares of Bank of the Ozarks from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $53.88.
Shares of Bank of the Ozarks (NASDAQ OZRK) opened at 48.05 on Monday. The firm has a 50-day moving average of $46.61 and a 200 day moving average of $50.91. Bank of the Ozarks has a 52 week low of $35.11 and a 52 week high of $56.86. The firm has a market cap of $6.16 billion, a PE ratio of 16.90 and a beta of 1.54.
Bank of the Ozarks (NASDAQ:OZRK) last released its quarterly earnings data on Wednesday, July 12th. The financial services provider reported $0.73 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.73. The business had revenue of $237.30 million for the quarter, compared to the consensus estimate of $232.85 million. Bank of the Ozarks had a net margin of 46.15% and a return on equity of 11.75%. The company’s revenue was up 64.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share. Equities research analysts predict that Bank of the Ozarks will post $2.99 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 21st. Shareholders of record on Friday, July 14th will be issued a dividend of $0.18 per share. The ex-dividend date is Wednesday, July 12th. This is an increase from Bank of the Ozarks’s previous quarterly dividend of $0.18. This represents a $0.72 annualized dividend and a yield of 1.50%. Bank of the Ozarks’s dividend payout ratio is 25.35%.
In other news, Director Peter C. Kenny sold 1,034 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $46.00, for a total value of $47,564.00. Following the sale, the director now directly owns 8,600 shares of the company’s stock, valued at $395,600. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Dan Thomas sold 19,737 shares of the stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $47.37, for a total transaction of $934,941.69. Following the completion of the sale, the insider now directly owns 110,624 shares in the company, valued at $5,240,258.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,310 shares of company stock worth $1,057,451. Insiders own 6.70% of the company’s stock.
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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.
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