Brean Capital Reiterates Buy Rating for Bank Of The Ozarks (OZRK)
OZRK has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Bank Of The Ozarks from a sell rating to a hold rating in a research note on Friday, December 15th. Morgan Stanley reiterated an overweight rating and issued a $54.00 price target on shares of Bank Of The Ozarks in a research note on Thursday, December 14th. Barclays began coverage on shares of Bank Of The Ozarks in a research note on Wednesday, January 3rd. They issued an overweight rating and a $60.00 price target for the company. Raymond James Financial reduced their price target on shares of Bank Of The Ozarks from $59.00 to $57.00 and set an outperform rating for the company in a research note on Thursday, October 12th. Finally, SunTrust Banks reiterated a hold rating and issued a $50.00 price target on shares of Bank Of The Ozarks in a research note on Thursday, October 12th. One investment 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. The stock has an average rating of Hold and an average price target of $56.00.
Shares of Bank Of The Ozarks (NASDAQ:OZRK) opened at $46.71 on Monday. Bank Of The Ozarks has a 12 month low of $40.15 and a 12 month high of $56.86. The firm has a market cap of $6,465.40, a PE ratio of 17.04, a price-to-earnings-growth ratio of 1.12 and a beta of 1.43. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.99 and a current ratio of 0.92.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Friday, January 19th were issued a $0.19 dividend. This is an increase from Bank Of The Ozarks’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.63%. Bank Of The Ozarks’s dividend payout ratio (DPR) is presently 22.69%.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Willingdon Wealth Management purchased a new position in shares of Bank Of The Ozarks in the third quarter worth approximately $104,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Bank Of The Ozarks by 115.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,459 shares of the financial services provider’s stock worth $167,000 after buying an additional 1,852 shares during the last quarter. Meridian Management Co. purchased a new position in shares of Bank Of The Ozarks in the fourth quarter worth approximately $201,000. BB&T Investment Services Inc. purchased a new position in shares of Bank Of The Ozarks in the second quarter worth approximately $190,000. Finally, Cadence Capital Management LLC purchased a new position in shares of Bank Of The Ozarks in the third quarter worth approximately $202,000. 87.20% 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.
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