Zacks Investment Research Upgrades Bank Of The Ozarks (OZRK) to “Hold”

Bank Of The Ozarks (NASDAQ:OZRK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.

According to Zacks, “Shares of Bank of the Ozarks have underperformed the industry over the last six months. Yet, the company has a decent earnings surprise history, having surpassed the Zacks Consensus Estimate in two of the trailing four quarters. Its first-quarter 2018 results benefitted from an increase in revenues, partly offset by higher expenses and provisions. Consistent growth in loans and deposits, along with benefits from lower tax rates, are expected to aid profitability. Given a solid capital position, the company is expected to continue enhancing shareholder value through efficient capital deployment activities. However, margin pressure, despite higher interest rates, remains a major concern. Also, persistently rising expenses, due to the company’s expansion strategy through de novo branching, might hurt bottom-line growth in the quarters ahead.”

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A number of other analysts have also commented on OZRK. Brean Capital reissued a “buy” rating and issued a $65.00 target price on shares of Bank Of The Ozarks in a report on Tuesday, January 2nd. Barclays initiated coverage on Bank Of The Ozarks in a report on Wednesday, January 3rd. They issued an “overweight” rating and a $60.00 target price for the company. Stephens reissued a “hold” rating on shares of Bank Of The Ozarks in a report on Wednesday, January 17th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $56.00 target price on shares of Bank Of The Ozarks in a report on Wednesday, January 17th. Finally, Piper Jaffray reissued a “buy” rating and issued a $59.00 target price on shares of Bank Of The Ozarks in a report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. Bank Of The Ozarks currently has a consensus rating of “Hold” and a consensus price target of $54.60.

Shares of NASDAQ:OZRK opened at $46.15 on Monday. The firm has a market cap of $5,942.42, a price-to-earnings ratio of 15.59, a P/E/G ratio of 1.05 and a beta of 1.33. Bank Of The Ozarks has a 12-month low of $40.15 and a 12-month high of $53.70. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.95 and a quick ratio of 0.94.

Bank Of The Ozarks (NASDAQ:OZRK) last announced its quarterly earnings data on Thursday, April 12th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.03. The business had revenue of $246.48 million during the quarter, compared to analysts’ expectations of $246.11 million. Bank Of The Ozarks had a return on equity of 11.65% and a net margin of 40.54%. During the same quarter in the previous year, the business earned $0.73 earnings per share. research analysts anticipate that Bank Of The Ozarks will post 3.67 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of OZRK. Legal & General Group Plc grew its holdings in shares of Bank Of The Ozarks by 11.9% in the third quarter. Legal & General Group Plc now owns 104,785 shares of the financial services provider’s stock worth $5,035,000 after acquiring an additional 11,166 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Bank Of The Ozarks by 3.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,030,236 shares of the financial services provider’s stock worth $49,501,000 after acquiring an additional 31,644 shares during the period. Cubist Systematic Strategies LLC grew its holdings in shares of Bank Of The Ozarks by 41.0% in the third quarter. Cubist Systematic Strategies LLC now owns 24,971 shares of the financial services provider’s stock worth $1,200,000 after acquiring an additional 7,256 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of Bank Of The Ozarks by 62.2% in the third quarter. Janney Montgomery Scott LLC now owns 41,442 shares of the financial services provider’s stock worth $1,991,000 after acquiring an additional 15,894 shares during the period. Finally, California Public Employees Retirement System grew its holdings in shares of Bank Of The Ozarks by 7.4% in the third quarter. California Public Employees Retirement System now owns 240,038 shares of the financial services provider’s stock worth $11,534,000 after acquiring an additional 16,638 shares during the period. 88.68% of the stock is owned by institutional investors.

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About Bank Of The Ozarks

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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