Bank of the Ozarks (OZRK) Receives Buy Rating from Brean Capital

Bank of the Ozarks (NASDAQ:OZRK)‘s stock had its “buy” rating reiterated by equities researchers at Brean Capital in a research note issued on Monday, October 30th.

A number of other research analysts have also recently commented on the company. Keefe, Bruyette & Woods set a $56.00 price objective on Bank of the Ozarks and gave the company a “buy” rating in a report on Thursday, July 6th. BidaskClub cut Bank of the Ozarks from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Stephens set a $48.00 price objective on Bank of the Ozarks and gave the company a “hold” rating in a research note on Friday, July 28th. Morgan Stanley started coverage on Bank of the Ozarks in a research note on Wednesday, August 2nd. They issued an “overweight” rating and a $54.00 price objective on the stock. Finally, Zacks Investment Research upgraded Bank of the Ozarks from a “sell” rating to a “hold” rating in a research note on Monday, August 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $54.13.

Shares of Bank of the Ozarks (OZRK) opened at $43.78 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.93 and a quick ratio of 0.99. The stock has a market capitalization of $5,627.22, a P/E ratio of 14.87, a PEG ratio of 1.23 and a beta of 1.50. Bank of the Ozarks has a 52-week low of $40.15 and a 52-week high of $56.86.

Bank of the Ozarks (NASDAQ:OZRK) last posted its quarterly earnings results on Wednesday, October 11th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. The business had revenue of $242.47 million during the quarter, compared to analyst estimates of $243.67 million. Bank of the Ozarks had a return on equity of 11.85% and a net margin of 65.67%. During the same period in the prior year, the business earned $0.66 earnings per share. sell-side analysts predict that Bank of the Ozarks will post 2.96 EPS for the current fiscal year.

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Several hedge funds have recently modified their holdings of OZRK. Principal Financial Group Inc. grew its holdings in shares of Bank of the Ozarks by 144.6% during the second quarter. Principal Financial Group Inc. now owns 3,138,880 shares of the financial services provider’s stock worth $147,117,000 after purchasing an additional 1,855,697 shares during the last quarter. Epoch Investment Partners Inc. grew its holdings in shares of Bank of the Ozarks by 93.2% during the third quarter. Epoch Investment Partners Inc. now owns 3,785,464 shares of the financial services provider’s stock worth $181,892,000 after purchasing an additional 1,826,476 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Bank of the Ozarks by 8.6% during the second quarter. Vanguard Group Inc. now owns 10,724,158 shares of the financial services provider’s stock worth $502,641,000 after purchasing an additional 852,398 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Bank of the Ozarks by 135.8% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 974,224 shares of the financial services provider’s stock worth $46,812,000 after purchasing an additional 561,118 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Bank of the Ozarks by 4.8% during the second quarter. BlackRock Inc. now owns 10,457,898 shares of the financial services provider’s stock worth $490,162,000 after purchasing an additional 480,415 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors.

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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