Published On: Fri, Sep 16th, 2016

Bank of the Ozarks Inc. (OZRK) Research Coverage Started at Rafferty Capital Markets

Rafferty Capital Markets began coverage on shares of Bank of the Ozarks Inc. (NASDAQ:OZRK) in a note issued to investors on Friday, The Fly reports. The brokerage set a “buy” rating on the financial services provider’s stock.
OZRK has been the subject of several other research reports. Keefe, Bruyette & Woods restated a “buy” rating and set a $46.00 price target on shares of Bank of the Ozarks in a research report on Tuesday, July 12th. Wells Fargo & Co. assumed coverage on shares of Bank of the Ozarks in a research report on Thursday, June 23rd. They set a “market perform” rating for the company. Zacks Investment Research lowered shares of Bank of the Ozarks from a “hold” rating to a “sell” rating in a research report on Tuesday, June 21st. Finally, Raymond James Financial Inc. upgraded shares of Bank of the Ozarks from a “market perform” rating to an “outperform” rating and set a $51.00 price target for the company in a research report on Thursday, August 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. Bank of the Ozarks has a consensus rating of “Buy” and a consensus target price of $47.50.
Shares of Bank of the Ozarks (NASDAQ:OZRK) traded down 0.34% during trading on Friday, reaching $38.58. 3,066,602 shares of the company’s stock were exchanged. The firm has a market capitalization of $4.67 billion, a PE ratio of 17.00 and a beta of 1.31. Bank of the Ozarks has a 52 week low of $33.51 and a 52 week high of $54.96. The company’s 50-day moving average price is $37.88 and its 200 day moving average price is $39.19.

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Bank of the Ozarks (NASDAQ:OZRK) last released its earnings results on Monday, July 11th. The financial services provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.01. Bank of the Ozarks had a net margin of 35.99% and a return on equity of 13.95%. During the same quarter last year, the business earned $0.51 earnings per share. Analysts predict that Bank of the Ozarks will post $2.44 EPS for the current fiscal year.
In related news, Director Walter J. Mullen III bought 1,120 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The stock was purchased at an average price of $37.14 per share, for a total transaction of $41,596.80. Following the transaction, the director now directly owns 3,775 shares of the company’s stock, valued at approximately $140,203.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Walter J. Mullen III bought 1,130 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was bought at an average price of $35.28 per share, with a total value of $39,866.40. Following the transaction, the director now directly owns 2,650 shares in the company, valued at $93,492. The disclosure for this purchase can be found here. 8.70% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. Insight Capital Research & Management Inc. raised its position in shares of Bank of the Ozarks by 0.4% in the first quarter. Insight Capital Research & Management Inc. now owns 65,230 shares of the financial services provider’s stock worth $2,738,000 after buying an additional 239 shares in the last quarter. BlackRock Group LTD raised its position in shares of Bank of the Ozarks by 25.5% in the first quarter. BlackRock Group LTD now owns 50,303 shares of the financial services provider’s stock worth $2,111,000 after buying an additional 10,223 shares in the last quarter. BlackRock Inc. raised its position in shares of Bank of the Ozarks by 6.8% in the first quarter. BlackRock Inc. now owns 31,042 shares of the financial services provider’s stock worth $1,302,000 after buying an additional 1,970 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Bank of the Ozarks by 12.3% in the first quarter. Prudential Financial Inc. now owns 61,422 shares of the financial services provider’s stock worth $2,578,000 after buying an additional 6,724 shares in the last quarter. Finally, Teachers Advisors Inc. raised its position in shares of Bank of the Ozarks by 1.8% in the first quarter. Teachers Advisors Inc. now owns 133,660 shares of the financial services provider’s stock worth $5,610,000 after buying an additional 2,334 shares in the last quarter. Hedge funds and other institutional investors own 71.56% of the company’s stock.
Bank of the Ozarks Company Profile
Bank of the Ozarks, Inc is a bank holding company. The Company owns an Arkansas state chartered subsidiary bank, Bank of the Ozarks (the Bank). The Company, through the Bank, conducts operations through approximately 257 offices, including over 80 offices in Arkansas, approximately 30 in Georgia, over 20 in North Carolina, over 20 in Texas, approximately 44 in Florida, over three in Alabama, approximately two each in South Carolina and New York, and one in California.

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