Bank of the Ozarks Inc. (OZRK) Shares Down 2.4%
Bank of the Ozarks Inc. (NASDAQ:OZRK) fell 2.4% on Tuesday . The company traded as low as $38.46 and last traded at $38.71, with a volume of 563,783 shares changing hands. The stock had previously closed at $39.66.
A number of brokerages have recently weighed in on OZRK. Zacks Investment Research upgraded Bank of the Ozarks from a “sell” rating to a “hold” rating in a report on Wednesday, July 13th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $46.00 price target on shares of Bank of the Ozarks in a report on Tuesday, July 12th. Raymond James Financial upgraded 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 report on Thursday, August 25th. Wells Fargo & Co. began coverage on Bank of the Ozarks in a report on Thursday, June 23rd. They issued a “market perform” rating for the company. Finally, FIG Partners upgraded Bank of the Ozarks from a “market perform” rating to an “outperform” rating in a report on Monday, May 9th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $47.50.
The company has a market capitalization of $4.68 billion and a PE ratio of 17.03. The company has a 50-day moving average price of $37.48 and a 200 day moving average price of $39.17.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/06/bank-of-the-ozarks-inc-ozrk-shares-down-2-4/
Bank of the Ozarks (NASDAQ:OZRK) last issued its quarterly earnings data on Monday, July 11th. The financial services provider reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.01. During the same period last year, the business posted $0.51 EPS. Analysts anticipate that Bank of the Ozarks Inc. will post $2.43 earnings per share for the current year.
In other Bank of the Ozarks news, 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 purchased at an average price of $35.28 per share, for a total transaction of $39,866.40. Following the purchase, the director now directly owns 2,650 shares in the company, valued at $93,492. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Walter J. Mullen III bought 1,120 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The shares were acquired at an average price of $37.14 per share, with a total value of $41,596.80. Following the purchase, the director now owns 3,775 shares in the company, valued at $140,203.50. The disclosure for this purchase can be found here.
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.
Receive News & Ratings for Bank of the Ozarks Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Bank of the Ozarks Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.