Keefe, Bruyette & Woods reaffirmed their market perform rating on shares of Bank Of The Ozarks (NASDAQ:OZRK) in a research report sent to investors on Wednesday morning. Keefe, Bruyette & Woods currently has a $56.00 target price on the financial services provider’s stock.
Other equities analysts have also recently issued research reports about the company. Stephens restated a hold rating on shares of Bank Of The Ozarks in a report on Wednesday. Raymond James Financial reduced their target price on Bank Of The Ozarks from $59.00 to $57.00 and set an outperform rating on the stock in a report on Thursday, October 12th. Barclays assumed coverage on Bank Of The Ozarks in a report on Wednesday, January 3rd. They set an overweight rating and a $60.00 target price on the stock. Zacks Investment Research upgraded Bank Of The Ozarks from a sell rating to a hold rating in a report on Friday, October 13th. Finally, Morgan Stanley restated an overweight rating and set a $54.00 target price on shares of Bank Of The Ozarks in a report on Thursday, December 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. Bank Of The Ozarks has an average rating of Hold and an average target price of $55.56.
Shares of Bank Of The Ozarks (OZRK) traded up $0.32 on Wednesday, reaching $51.22. The company’s stock had a trading volume of 1,477,057 shares, compared to its average volume of 1,310,000. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.99 and a current ratio of 0.99. Bank Of The Ozarks has a 12-month low of $40.15 and a 12-month high of $56.86. The company has a market capitalization of $6,570.00, a PE ratio of 18.90, a P/E/G ratio of 1.15 and a beta of 1.50.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 19th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Thursday, January 18th. This is a boost from Bank Of The Ozarks’s previous quarterly dividend of $0.19. Bank Of The Ozarks’s payout ratio is 27.31%.
Large investors have recently added to or reduced their stakes in the company. Sabal Trust CO bought a new position in shares of Bank Of The Ozarks during the 3rd quarter valued at about $460,000. BlackRock Inc. lifted its holdings in shares of Bank Of The Ozarks by 4.8% during the 2nd quarter. BlackRock Inc. now owns 10,457,898 shares of the financial services provider’s stock valued at $490,162,000 after purchasing an additional 480,415 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Bank Of The Ozarks by 3.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,183,865 shares of the financial services provider’s stock valued at $55,486,000 after purchasing an additional 41,961 shares in the last quarter. Epoch Investment Partners Inc. lifted its holdings in shares of Bank Of The Ozarks by 102.3% during the 2nd quarter. Epoch Investment Partners Inc. now owns 1,958,988 shares of the financial services provider’s stock valued at $91,818,000 after purchasing an additional 990,815 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new position in shares of Bank Of The Ozarks during the 3rd quarter valued at about $369,000. Institutional investors and hedge funds own 86.21% 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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